OPEN-SOURCE SCRIPT
Squeeze Pro Momentum BAR color - KLT
Description:
The Squeeze Pro Momentum indicator is a powerful tool designed to detect volatility compression ("squeeze" zones) and visualize momentum shifts using a refined color-based system. This script blends the well-known concepts of Bollinger Bands and Keltner Channels with an optimized momentum engine that uses dynamic color gradients to reflect trend strength, direction, and volatility.
It’s built for traders who want early warning of potential breakouts and clearer insight into underlying market momentum.
🔍 How It Works:
📉 Squeeze Detection:
This indicator identifies "squeeze" conditions by comparing Bollinger Bands and Keltner Channels:
When Bollinger Bands are inside Keltner Channels → Squeeze is ON
When Bollinger Bands expand outside Keltner Channels → Squeeze is OFF
You’ll see squeeze zones classified as:
Wide
Normal
Narrow
Each represents varying levels of compression and breakout potential.
⚡ Momentum Engine:
Momentum is calculated using linear regression of the price's deviation from a dynamic average of highs, lows, and closes. This gives a more accurate representation of directional pressure in the market.
🧠 Smart Candle Coloring (Optimized):
The momentum color logic is inspired by machine learning principles (no hardcoded thresholds):
EMA smoothing and rate of change (ROC) are used to detect momentum acceleration.
ATR-based filters help remove noise and false signals.
Colors are dynamically assigned based on both direction and trend strength.
🧪 How to Use It:
Look for Squeeze Conditions — especially narrow squeezes, which tend to precede high-momentum breakouts.
Confirm with Momentum Color — strong colors often indicate trend continuation; fading colors may signal exhaustion.
Combine with Price Action — use this tool with support/resistance or patterns for higher probability setups.
Recommended For:
Trend Traders
Breakout Traders
Volatility Strategy Users
Anyone who wants visual clarity on trend strength
📌 Tip: This indicator works great when layered with volume and price action patterns. It is fully non-repainting and supports overlay on price charts.
The Squeeze Pro Momentum indicator is a powerful tool designed to detect volatility compression ("squeeze" zones) and visualize momentum shifts using a refined color-based system. This script blends the well-known concepts of Bollinger Bands and Keltner Channels with an optimized momentum engine that uses dynamic color gradients to reflect trend strength, direction, and volatility.
It’s built for traders who want early warning of potential breakouts and clearer insight into underlying market momentum.
🔍 How It Works:
📉 Squeeze Detection:
This indicator identifies "squeeze" conditions by comparing Bollinger Bands and Keltner Channels:
When Bollinger Bands are inside Keltner Channels → Squeeze is ON
When Bollinger Bands expand outside Keltner Channels → Squeeze is OFF
You’ll see squeeze zones classified as:
Wide
Normal
Narrow
Each represents varying levels of compression and breakout potential.
⚡ Momentum Engine:
Momentum is calculated using linear regression of the price's deviation from a dynamic average of highs, lows, and closes. This gives a more accurate representation of directional pressure in the market.
🧠 Smart Candle Coloring (Optimized):
The momentum color logic is inspired by machine learning principles (no hardcoded thresholds):
EMA smoothing and rate of change (ROC) are used to detect momentum acceleration.
ATR-based filters help remove noise and false signals.
Colors are dynamically assigned based on both direction and trend strength.
🧪 How to Use It:
Look for Squeeze Conditions — especially narrow squeezes, which tend to precede high-momentum breakouts.
Confirm with Momentum Color — strong colors often indicate trend continuation; fading colors may signal exhaustion.
Combine with Price Action — use this tool with support/resistance or patterns for higher probability setups.
Recommended For:
Trend Traders
Breakout Traders
Volatility Strategy Users
Anyone who wants visual clarity on trend strength
📌 Tip: This indicator works great when layered with volume and price action patterns. It is fully non-repainting and supports overlay on price charts.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。