OPEN-SOURCE SCRIPT
[LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntr
Aggiornato
I have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "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)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
https://www.tradingview.com/x/VEsGNJjo/
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "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)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
https://www.tradingview.com/x/VEsGNJjo/
Note di rilascio
Tooltip updated (Show/Hide Bearish/Bullish) It now says: For a multi-sourcehistogram, hide signal groups and move indicator
to a new pane
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Updated code notesNote di rilascio
An attempt to rename the title to: 1st Gray Momentum Signals + SQZ Mom [LazyBear] ━ whvntrNote di rilascio
Great new feature: Adjust the length of the arrows in the Inputs Menu.I just made the option to shorten the length of the arrows...Enjoy!
As a note... if found no reference on the internet on how to accomplish this..
I, through trial and error, developed a path to display text via input.string in the code.
Fellow coders of Pine will appreciate this.
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Input arrangements Note di rilascio
Font adjustments Note di rilascio
Updated histogram bool value to trueNote di rilascio
Added arrow adjustments to the top of the menu..plus restored default settings Note di rilascio
Added Inlines to the Inputs MenuNote di rilascio
Added background highlightsNote di rilascio
Adjusted inlines Note di rilascio
Alerts tested and active. To use: click 🕘Alert + Condition + SQZ_MULT + (1st Gray Cross Longs or Shorts) + Trigger: "Once Per Bar Close" Background highlight feature can now be used separately.
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New chart photo for new additions Note di rilascio
Minute adjustmentNote di rilascio
Alerts UpdatedNote di rilascio
Menu arrangementsNote di rilascio
Additional alert conditions Note di rilascio
Multipurpose background highlightshttps://www.tradingview.com/x/9aM3Ff0a/
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Alert messages updatedScript open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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