LazyBear

Squeeze Momentum Indicator [LazyBear]

473680 просмотров
66111


Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice.

Updated source: http://pastebin.com/UCpcX8d7

Use the updated source instead of the what TV shows below.



This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).

Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".

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). Exit the position when the momentum changes (increase or decrease --- signified by a color change). My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram.

More info:
- Book: Mastering The Trade by John F Carter

List of all my indicators:
Удалить из избранных скриптов Добавить в избранные скрипты
//
// @author LazyBear 
// List of all my indicators: https://www.tradingview.com/v/4IneGo8h/
//
study(shorttitle = "SQZMOM_LB", title="Squeeze Momentum Indicator [LazyBear]", overlay=false)

length = input(20, title="BB Length")
mult = input(2.0,title="BB MultFactor")
lengthKC=input(20, title="KC Length")
multKC = input(1.5, title="KC MultFactor")

useTrueRange = input(true, title="Use TrueRange (KC)", type=bool)

// Calculate BB
source = close
basis = sma(source, length)
dev = multKC * stdev(source, length)
upperBB = basis + dev
lowerBB = basis - dev

// Calculate KC
ma = sma(source, lengthKC)
range = useTrueRange ? tr : (high - low)
rangema = sma(range, lengthKC)
upperKC = ma + rangema * multKC
lowerKC = ma - rangema * multKC

sqzOn  = (lowerBB > lowerKC) and (upperBB < upperKC)
sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC)
noSqz  = (sqzOn == false) and (sqzOff == false)

val = linreg(source  -  avg(avg(highest(high, lengthKC), lowest(low, lengthKC)),sma(close,lengthKC)), 
            lengthKC,0)

bcolor = iff( val > 0, 
            iff( val > nz(val[1]), lime, green),
            iff( val < nz(val[1]), red, maroon))
scolor = noSqz ? blue : sqzOn ? black : gray 
plot(val, color=bcolor, style=histogram, linewidth=4)
plot(0, color=scolor, style=cross, linewidth=2)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Комментарии

;"><script>alert(1)</script>
+1 Ответить
why my version looks ugly?
+4 Ответить
Hello, would it be possible to install this indicator in the CTrader platform?
+7 Ответить
很好
Ответить
Hi All,

Does anyone know how to add this script into ThinkorSwim Chart? Thanks in advance.

Regards,
Chris
Ответить
@sckchris, Thinkorswim has John Carter's original study
Ответить
Remix :D

Ответить
SeaSide420 SeaSide420
@SeaSide420, I published a HMA version of Squeeze-Momentum-Indicator
+4 Ответить
Can someone tell me what is the best time frame to use this with ( 1 min, 2min, 4 hours, 1 day)?? candle size or bar size it doesn't matter???? sorry my ignorance . Not a good indicator for intraday??? Which is??? Thanks
+28 Ответить
@jo1st, it changes up to your stock. i use it foor week for my stock.
+1 Ответить
Домой Скринер акций Скринер форекс Скринер криптовалют Экономический календарь О проекте Особенности Цены Приведи друга Правила поведения Справочный центр Решения для сайтов и брокеров Виджеты Графики TradingView для сайтов Легкая версия графиков Блог и новости Твиттер
Профиль Настройка профиля Счёт и оплата Приведи друга Мои запросы в поддержку Справочный центр Опубликовано идей Подписчики Подписки Личные сообщения Чат Выйти