OPEN-SOURCE SCRIPT
Multi-Timeframe Squeeze Pro/DIM/Momentum/MA

IMPORTANT NOTE:
-> The table will not display any timeframes lower than the current one
-> This indicator combine multiple popular indicators and give ability to use them on Multiple timeframes (MFT)
-> Indicators used for the MFT are: Squeeze / Momentum / 10X DIM and Stacked MA (or EMA)
-> Give at glance a good way to see the trend all different timeframes
-> If you are using in combination with squeeze pro please use the one from Beardy_Fred since it matches the colours and condition used
Credits:
-> J. Welles Wilder creating the Directional Movement System (DMS) (1978); and
-> John Carter applying the DMS to create the popular Simpler Trading 10X Bars indicator.
-> Beardy_Fred creating a first version including MOM and SQZ
-> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows
I have adapted the version from Beardy_Fred to provide a more complete and customisable indicator while including also the Stacked EMA/MA for further validation
Explanation:
You can learn more about each indicators following those links:
The stacked EMA/MA highlights when the MA/EMA are in order:
Customisation:
You can customise:
Trade Signals:
If you are going Long, Since this is a combination ideally on the timeframe you are trading you should have all green + green on the above timeframes (those colors are the default ones but can be changed)
-> Green on 10X indicator meaning you are in an uptrend
-> EMA or MA (depending on the configuration of the indicator) Green meaning EMA or MA
-> Squeeze should be Orange or Red ideally (indicating an high or medium Squeeze)
-> Momentum should be Cyan indicating an increase in momentum (while Dark Blue could indicate a reversal)
Standalone indicators:
- Squeeze Pro
- 10X Bar
- Stacked MA
- Momentum
-> The table will not display any timeframes lower than the current one
-> This indicator combine multiple popular indicators and give ability to use them on Multiple timeframes (MFT)
-> Indicators used for the MFT are: Squeeze / Momentum / 10X DIM and Stacked MA (or EMA)
-> Give at glance a good way to see the trend all different timeframes
-> If you are using in combination with squeeze pro please use the one from Beardy_Fred since it matches the colours and condition used
Credits:
-> J. Welles Wilder creating the Directional Movement System (DMS) (1978); and
-> John Carter applying the DMS to create the popular Simpler Trading 10X Bars indicator.
-> Beardy_Fred creating a first version including MOM and SQZ
-> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows
I have adapted the version from Beardy_Fred to provide a more complete and customisable indicator while including also the Stacked EMA/MA for further validation
Explanation:
You can learn more about each indicators following those links:
The stacked EMA/MA highlights when the MA/EMA are in order:
- Red when they are stacked from the highest to the lowest
- Green when they are stacked from the lowest to the highest
- Yellow when they are stacked without a clear order
Customisation:
You can customise:
- Timeframes
- Settings for each indicators (10X/MA/Momentum/Squeeze)
- Colors
- Visibility
Trade Signals:
If you are going Long, Since this is a combination ideally on the timeframe you are trading you should have all green + green on the above timeframes (those colors are the default ones but can be changed)
-> Green on 10X indicator meaning you are in an uptrend
-> EMA or MA (depending on the configuration of the indicator) Green meaning EMA or MA
-> Squeeze should be Orange or Red ideally (indicating an high or medium Squeeze)
-> Momentum should be Cyan indicating an increase in momentum (while Dark Blue could indicate a reversal)
Standalone indicators:
- Squeeze Pro
- 10X Bar
- Stacked MA
- Momentum
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.