Variety-Filtered, Squeeze Moving Averages [Loxx] is a chop zone indicator that identifies when price is below a specific volatility threshold calculated as the difference between a fast and slow moving average and filtered using ATR- or Pips-based threshold. This indicator can be use as both an entry and exit indicator. It identifies both chop zones and breakouts/breakdowns
How to use
When the candles turn white and the threshold bands appear on the chart, this is indicative of low volatility
When price exits the threshold bands, price will usually explode up or down giving a long or short signal. This acts as a sort of squeeze momentum.
Included:
Bar coloring
Signals
Alerts, 4 types of alerts: Squeeze started, Squeeze ended, long, and short
Great job, Loxx. Did a strategy based on VFSMA but keep getting: "memory limits exceeded. the memory allocates 1.5 times than allowed." How do I resolve this?
ashdays
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Thank you for sharing with the community. Much appreciated
ttd01
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I think you're a Genius :-) Thanks for your great work !
Newmaven
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I like this indicator Great Job! One question, are the signals provided by the indicator are subject to re-painting?