Script based in: original John Carter's ideas (SQUEEZE & SQUEEZE PRO) at simplertrading dot com LazyBear's script (Squeeze Momentum Indicator) here at tradingview dot com
USE IT IN CONJUNCTION WITH THE SQUEEZE PRO ARROWS INDICATOR
This system is based in the volatility reversion to the mean: volatility contraction leads to volatility expansion and the other way on The dot 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, use the momentum histogram to see the slope direction
There 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
The GREEN dots signal the volatility expansion out of the squeeze ranges
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
Hello @makit0 , Great Work. Can You Please Add Option to Edit the settings.
green_lit_karma
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Thank you for your work! Do you have a script for the Think or Swim Platform? I'd like to run scan results on the Think or Swim platform. Unfortunately, on Trading View I have to set up a single alert for each equity.
pacasualtrader
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Hello, can this be coded in thinkscript for think or swim or ninja trader 8? Has anyone attempted to do that?
Thanks
Pawan
Is this based on The New Squeeze Pro Indicator or the usual one
makit0
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@surendersara, I thought the name of the indicator was clear enough! :D It's based on the Squeeze Pro of course.
Mr_JohnWick
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@makit0, Hello, Great Work. Can You Please Add Option to Edit the settings.
EricAttiasf1
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Makit0, Thank you very much for these indicators. Can you please advise how to set an alert for when the squeeze fires up? Is there a way you could do scans based on this criteria. If there is already some tutorials available in tradingview, thanks for pointing me in the right direction.
blakeb196923715
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Where do I find the Squeeze Arrow Indicator code in TOS