![]() 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. This indicator is using ADX and Squeeze Momentum Indicator. I found this indicator that appears to be so effective that it might be too good to be true. To do so, the TTM Squeeze momentum indicator uses a binary system to show us if the market is ready to move or not, combined with the reading. The basis being Bollinger Bands dipping into a Kelter Channel. The TTM Squeeze momentum indicator is a technical indicator that tries to determine if the market is in a consolidation period or if it is about to break out and make a move in one direction or another. Exit the position when the momentum changes (increase or decrease - signified by a color change). This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator. I was glad to find the Mobius’ Momentum Squeeze Indicator, as the ThinkorSwim TTMSQueeze indicator has the the source code locked and hidden. ![]() 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). 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 crosses on the midline show that the market just entered a squeeze (Bollinger Bands are with in Keltner Channel). Use the updated source instead of the what TV shows below. This is the exact conversion from TradingView source: 'Squeeze Momentum Indicator' By 'LazyBear'. When a squeeze is detected, it plots a red. Squeeze Momentum Indicator by LazyBear MT5: For MT4 version please click here. It identifies IV squeeze conditions when the lower Bollinger Band is above the lower Keltner Channel and the upper Bollinger Band is below the upper Keltner Channel. Modified version of Squeeze Momentum Indicator by LazyBear. Fixed a typo in the code where BB multiplier was stuck at 1.5. This script calculates both Bollinger Bands and Keltner Channels on a 5-minute chart. squeezeindicator Check out the trading ideas, strategies, opinions, analytics at absolutely no cost Indicators and Signals.
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