(JS) Squeeze Pro Arrows
More Squeeze Pro continuation, this is the signals on the chart. Initial signals appear as small label up and label down icons, while if the squeeze continues to a certain interval a bigger icon will appear later in the same squeeze duration - they are all color coded to match the squeeze signals from the Squeeze Pro indicator
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Major Overhaul!
"End of Squeeze Signal?" - generates a signal after a squeeze ends no matter what
"Added Signals With Prolonged Squeezes?" - if a signal is generated but the squeeze keeps going - it will generate updated signals as it progresses
"Momentum Factor" - looks at overall momentum when decided the direction of the signal
"Momentum Length Short?" - uses shorter term intervals to decide signal direction
"Closing Factor?" - looks at where the candle closed at in relation to dynamic support/resistance
"Crossing Factor?" - factors in recent ma crossovers
"Divergence Factor?" - looks for lower highs in an uptrend and higher lows in a downtrend
^The above categories are tallied up for a final score to decide signal direction
"Trend Only?" - will only generate a signal if the signal matches the color of the early signal candles
"End of Squeeze Signal?" - generates a signal after a squeeze ends no matter what
"Added Signals With Prolonged Squeezes?" - if a signal is generated but the squeeze keeps going - it will generate updated signals as it progresses
"Momentum Factor" - looks at overall momentum when decided the direction of the signal
"Momentum Length Short?" - uses shorter term intervals to decide signal direction
"Closing Factor?" - looks at where the candle closed at in relation to dynamic support/resistance
"Crossing Factor?" - factors in recent ma crossovers
"Divergence Factor?" - looks for lower highs in an uptrend and higher lows in a downtrend
^The above categories are tallied up for a final score to decide signal direction
"Trend Only?" - will only generate a signal if the signal matches the color of the early signal candles
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One small change in formula
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More improvement and customization!
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Cosmetic touch up
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So I went back and tried to mix my formula with the original in a way that you could use either or to determine direction. So here are the changes:
1. Now the size of the arrow is based on the strength of the signal
2. The Basis line filter is an option you can turn off and on
3. I added signals at the top and bottom of the chart that will tell you when price breaches the Bollinger Bands or Keltner Channel, as well as the direction of the breach.
This is likely my final update to this, so I think that this simplifies it quite a bit.
1. Now the size of the arrow is based on the strength of the signal
2. The Basis line filter is an option you can turn off and on
3. I added signals at the top and bottom of the chart that will tell you when price breaches the Bollinger Bands or Keltner Channel, as well as the direction of the breach.
This is likely my final update to this, so I think that this simplifies it quite a bit.
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Quick formula fix
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one more fix
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Major upgrade with Alerts.. Also, changed it to give the ability to select what gives signals (original setting is combo), plus added signals for Basis Line Momentum and Divergence
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Minor change to alerts