Script based in: original John Carter's ideas (SQUEEZE & SQUEEZE PRO) LazyBear's script (Squeeze Momentum Indicator)
USE IT IN CONJUNCTION WITH THE SQUEEZE PRO INDICATOR
This system is based in the volatility reversion to the mean: volatility contraction leads to volatility expansion and the other way on The arrows signal is a warning of volatility compression, more often than not this leads to a expansion of volatility and a move in the action price usually bigger than the expected move Be aware of the trend direction don't take the arrows direction as certanty, use instead the momentum histogram in the Squeeze PRO Indicator to see the slope direction By default the arrows are setted at 5 dots, they fire in the sixth dot after 5 dots of the same color. Try differents values to get more or less signals
here are 3 levels of compression: Level 1: ORANGE, the lesser compresion level Level 2: RED, the normal level marked by the original squeeze indicator Level 3: YELLOW, the max compression level The more the compression the bigger the after move
Simple and Exponential Moving Averages There are 2 groups of Moving Averages within the indicator, the 8 & 21 EMAs and the 50, 100 & 200 SMAs They are disabled by default, turn it on at your peace
Please check the John Carter's book (Mastering the Trade) and attend his webinars for more insight about the squeeze & squeeze pro systems I'm starting at trading and learning every day, I attended one of his webinars about the Squeeze Pro, and with help of the LazyBear's Squeeze Momentum Indicator code up the Squeeze PRO. Please be aware, I'm not an expert trader, only a developer with an idea: learn to pull out money from the market in a consistent way.
This is a Beta version, please feel free to comment and give feedback, anything you consider iteresting, the more you elaborate the better :D
Thanks you all!!!
Note di rilascio
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Added Fired Squeeze Signals: it signals when the volatility goes out off each level (the squeeze fires), enabled by default Added a wider description of the settings Cleaned up the code
Is anyone can explain what all these arrows mean, cant find. thank you
JJ1234567890987654321
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so what do the arrows mean? and the circles?
TintinTrading
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Thanks Makito! Great indicator. This follows the Early-in-and-Out from the SimplerTrading! Was looking for that on TradingView.
I am a ST member – happy to share info for the Squeeze and indicators what I have learned if it would help you.
makit0
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@TintinTrading Thanks! I really apreciate your words! :D I'm in my second trading year so all you can share with me will be the most welcome. Thanks! :D
TintinTrading
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@makit0, Sure bud wull share with you what I believe could be useful. By the way is there a way to make alerts on the arrows? For instance alert when they appear? :)
makit0
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@TintinTrading, Thanks! :D. For sure can be alerts on the arrows, I'm working right now in the next version of the Squeeze Pro, so I'll add alerts to the list :D
TintinTrading
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@makit0, Perfect! thanks a lot for sharing with everyone!
rossallen10
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Hello. Thanks very much for the great indicator. I notice I am getting too many alerts on it. Is there a way of changing the settings on it? Is that what the precision numbers do? What do different numbers equate to?