![]() ![]() Please be aware, I'm not an expert trader, only a developer with an idea: learn to pull out money from the market in a consistent way. The basis being Bollinger Bands dipping into a Kelter Channel. John Carter's version is quite well know. The first green dot after one or more red dots is where the squeeze is said to have fired. I was glad to find the Mobius’ Momentum Squeeze Indicator, as the ThinkorSwim TTMSQueeze indicator has the the source code locked and hidden. A green dot means that we are not currently in a squeeze. A red dot means there is a squeeze condition in effect. I'm starting at trading and learning every day, I attended one of his webinars about the Squeeze Pro, and with help of the LazyBear's Squeeze Momentum Indicator code up the Squeeze PRO. The red and green dots along the zero line indicate if there is a squeeze. Please check the John Carter's book (Mastering the Trade) and attend his webinars for more insight about the squeeze & squeeze pro systems The GREEN dots signal the volatility expansion out of the squeeze ranges ![]() The more the compression the bigger the after move Level 3: YELLOW, the max compression level Level 2: RED, the normal level marked by the original squeeze indicator Some issues: The indicator momentum values seem to be off by 1 day compared to TradingView. In the TTM squeeze available for free on Thinkorswim, changing the 'nbb' input setting from 2.0 to 1.5 will give the more frequent squeezes he talks about in his webinars and changing it 'nbb' from 2.0 to 2.5 will result in much less squeezes. Level 1: ORANGE, the lesser compresion level Also the Squeeze pro just combines 3 settings you can change yourself on the TTM Squeeze. The dot signal is a warning of volatility compression, more often than not this leads to a expansion of volatility and a move in the action price usually bigger than the expected moveīe aware of the trend direction, use the momentum histogram to see the slope direction This system is based in the volatility reversion to the mean: volatility contraction leads to volatility expansion and the other way on This indicator is using ADX and Squeeze Momentum Indicator. USE IT IN CONJUNCTION WITH THE SQUEEZE PRO ARROWS INDICATOR 2.1K Share 73K views 3 years ago crypto bitcoinnews bitcoin Bitcoin/Stocks/Forex Trading Strategy - Squeeze Momentum Indicator LazyBear Strategy Explained Subscribe for more Cryptocurrency. This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator. Exit the position when the momentum changes (increase or decrease signified by a color change). LazyBear's script (Squeeze Momentum Indicator) here at tradingview dot com Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). (Description from the original author of this indicator LazyBear, all credits go to him).Original John Carter's ideas (SQUEEZE & SQUEEZE PRO) at simplertrading dot com – Book: Mastering The Trade by John F Carter Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. To produce Buy/Sell signals, the Squeeze indicator is plotted along with Momentum Oscillator. When the market finishes a move, the indicator turns off, which corresponds to bands having pushed well outside the range of Keltner's Channels. Exit the position when the momentum changes (increase or decrease - signified by a color change). The Squeeze indicator finds sections of the Bollinger Bands study which fall inside the Keltner's Channels. author: LazyBear, modified by KivancOzbilgic, and by dgtrd I took in all of the information as the script below is based on the V2 Script that LazyBear posted and then added Alerting based on the math and the conditions that dgtrd added. Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). A modified version of Squeeze Momentum Indicator visualizing on Price Chart. This signifies low volatility, market preparing itself for an explosive move (up or down). This is a derivative of John Carter’s “TTM Squeeze” volatility indicator, as discussed in his book “Mastering the Trade” (chapter 11).īlack (or white) crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). With 76,000 likes on Trading view, Squeeze Momentum indicated by a lazy bear is one of the most popular trading view indicators. ![]()
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