[TTI] Squeeze Signals & EIO

HISTORY & CREDITS
This is a recreation of the Early-in-Out-Indicator (EIO) by Simpler Trading and the Squeeze signal indicator by Simpler Trading.

WHAT IT DOES
The EIO gives signal to the trader of getting earlier on explosive moves. The goal is to anticipate when the momentum is about to turn and when the Squeeze is about to fire.

The signals indicate direction of momentum and the likely direction of a move if a breakout of the squeeze occurs. The indicator is coded for the Pro Squeeze and can be customised for the Low, Mid, Tight squeezes. The arrow occurs based on how many bars ago there was a change in the state of the squeeze.

HOW TO USE IT
For the EIO as shared by Simpler team:

• Green - A volatility squeeze is currently in progress but is showing signs of expansion. Technically speaking, the Bollinger Bands are inside the Keltner Channels but have begun to expand outward indicating a squeeze may “fire” soon.
  
• Light Blue - Momentum is trending strongly upward and increasing.
  
• Dark Blue - Momentum is trending upward but is no longer increasing in strength. You will note that the bars will generally turn dark blue before the accompanying momentum shift shows on the traditional squeeze indicator. 4. Red - Momentum is trending strongly downward and increasing.
  
• Yellow - Momentum is trending downward but is no longer increasing in strength. You will note that the bars will generally turn yellow before the accompanying momentum shift shows on the traditional squeeze indicator.
  
  Additionally, the indicator plots a green dot above the bars when there is a Low compression. squeeze.
  

For the Signals:

• Triangle up (White, Red, Yellow) - likely break of the squeeze to the upside
  
• Triangle down (White, Red, Yellow) - likely break of the squeeze to the upside
  - White is low, Red is normal and Yellow is tight squeeze
  

版本注释:

Added some grouping around the settings inputs, as well as information buttons.