OPEN-SOURCE SCRIPT
Обновлено Another Momentum Squeeze Indicator (Mobius Based Open-Source)
Automate your pinescript/trendspider to Tradovate/Ninja-Trader! ninja-view.com
The "Another Momentum Squeeze Indicator (Open-Source)" is a comprehensive TradingView script designed for market analysis, combining momentum and volatility measurements. It consists of two main components:
Momentum Oscillator: This part calculates the normalized rate of price change, plotting it as a histogram. The oscillator indicates bullish momentum when values are positive and increasing, and bearish momentum when they are negative and decreasing. The color coding of the histogram aids in interpretation:
Green: Bullish momentum with increasing positive values.
Blue: Positive momentum slowing down, indicating a potential reduction in bullish trend strength.
Red: Bearish momentum, with current values being lower and negative.
Squeeze Indicator: This component focuses on market volatility. A 'squeeze' occurs during low volatility periods, often indicated by Bollinger Bands narrowing within Keltner Channels. The squeeze, marked in yellow, signals potential breakout points.
The indicator calculates these components as follows:
Momentum Oscillator Calculation: It first computes the mean and standard deviation of closing prices over a certain number of periods. A momentum value is then derived for each period, normalized, and smoothed to form the momentum oscillator histogram.
Squeeze Detection: The script calculates the width of a volatility band for each period and identifies a 'squeeze' when this width is comparatively low, signaling a period of consolidation.
The visual elements of the indicator include:
Momentum Histogram: A color-coded histogram representing the direction and strength of market momentum.
Squeeze Indicator Points: Plotted points indicating potential increases in market volatility.
Traders use this indicator to:
Identify potential breakout points from low volatility periods.
Gauge the strength and direction of current trends.
Anticipate significant price movements.
Note - Watch for triple tops and triple bottoms.
The "Another Momentum Squeeze Indicator (Open-Source)" is a comprehensive TradingView script designed for market analysis, combining momentum and volatility measurements. It consists of two main components:
Momentum Oscillator: This part calculates the normalized rate of price change, plotting it as a histogram. The oscillator indicates bullish momentum when values are positive and increasing, and bearish momentum when they are negative and decreasing. The color coding of the histogram aids in interpretation:
Green: Bullish momentum with increasing positive values.
Blue: Positive momentum slowing down, indicating a potential reduction in bullish trend strength.
Red: Bearish momentum, with current values being lower and negative.
Squeeze Indicator: This component focuses on market volatility. A 'squeeze' occurs during low volatility periods, often indicated by Bollinger Bands narrowing within Keltner Channels. The squeeze, marked in yellow, signals potential breakout points.
The indicator calculates these components as follows:
Momentum Oscillator Calculation: It first computes the mean and standard deviation of closing prices over a certain number of periods. A momentum value is then derived for each period, normalized, and smoothed to form the momentum oscillator histogram.
Squeeze Detection: The script calculates the width of a volatility band for each period and identifies a 'squeeze' when this width is comparatively low, signaling a period of consolidation.
The visual elements of the indicator include:
Momentum Histogram: A color-coded histogram representing the direction and strength of market momentum.
Squeeze Indicator Points: Plotted points indicating potential increases in market volatility.
Traders use this indicator to:
Identify potential breakout points from low volatility periods.
Gauge the strength and direction of current trends.
Anticipate significant price movements.
Note - Watch for triple tops and triple bottoms.
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Better VisualСкрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
Скрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.