Squeeze Momentum OmniView

Squeeze Momentum OmniView+ is an enhanced and modernized version of the classic Squeeze Momentum Indicator by LazyBear, rebuilt from the ground up in Pine Script v6.
This upgraded edition introduces OmniView color-mapping, adaptive histogram scaling, extreme detection, heat-zone alerts, and dynamic fire/ice icons, all fully synchronized with your selected visualization mode.

Key Features

1. OmniView Color Engine (Exact Price-State Matching)
Reproduces the full OmniView color logic (aqua → yellow → red), tracking market compression, expansion, and directional strength using a seamless multi-gradient system.

2. Dual Histogram Modes
Choose how the histogram is normalized:

Price-State Mode: Colors reflect price position within its recent range.

Self-Normalized Mode: Colors adapt to the histogram’s own momentum curve.

Both modes automatically adjust alerts, extremes, and icons.

3. Enhanced Squeeze Logic
The script includes the classic squeeze states (ON / OFF / Neutral) with clean visual dots and improved logic for precise state transitions.

4. Adaptive Extreme Detection (Upper & Lower Extremes)
Detects when price or momentum sets new highs/lows according to the active mode.
Automatically draws 🔥 fire labels near upper extremes and ❄️ ice labels near lower extremes, with:

Adaptive or fixed offsets

Customizable sizes

Optional dimming on momentum fade

Icon colors matching the histogram

5. Full Alert Suite
Includes alerts for:

New Upper / Lower Extremes

Heat-Zone Crossings (25%, 50%, 75%)

Momentum Turning Up / Down

Zero-Line Crossovers

Squeeze ON / OFF
All alert conditions adapt dynamically to the mode selected.

6. Clean, modern, and fully customizable
Every visual element—colors, transparency, icon sizing, offsets, squeeze dots, fades—can be adjusted from the settings panel.

What This Indicator Helps You See

Momentum acceleration and deceleration

Market compression/expansion phases

Heat levels in the current price context

Momentum extremes that often signal turning points

Trend continuation or exhaustion patterns

High-precision squeeze entries with visual clarity

Designed For

Traders looking for a more intelligent version of Squeeze Momentum with:

Better visual clarity

Stronger adaptive behavior

More actionable alerts

More information per bar without clutter


A special thanks to LazyBear, the original author of the Squeeze Momentum engine.
This script is not affiliated with or endorsed by him, but it extends his outstanding contribution to the TradingView community.