squeeze momentum indicator free download

Squeeze momentum indicator free download pro#

Momentum.SetPaintingStrategy(PaintingStrategy.HISTOGRAM) The ttm squeeze indicator shows when an asset tends to shift from oscillating (choppy) conditions to one with a tendency. John Bollinger suggests using the Relative Strength Index (RSI) together with a volume-based indicator to validate setups. There have been dozens of squeeze indicators on the market, all inspired by the legendary indicator named 'TTM Squeeze'. Squeezeline.AssignValueColor(if ExtrSqueeze then Color.RED else if originalSqueeze then Color.YELLOW else if presqueeze then Color.DARK_ORANGE else Color.black) The squeeze momentum indicator will therefore indicate low market volatility when the standard deviation of the Bollinger Bands® reach a minimum for a 120 bar lookback period. Identify price explosions in a flash with this awesome NinjaTrader squeeze indicator. you can also change the color by yourself when the indicator is loaded to the MT5 terminal the symbol and period is get from the terminal automaticly. green color means bullish trend and red means bearlish trend. just load it to the terminal and you will see the current trend. Squeezeline.SetPaintingStrategy(PaintingStrategy.POINTS) This is a derivative of John Carters 'TTM Squeeze' volatility indicator, as discussed in his book 'Mastering the Trade' (chapter 11). This is a trend indicator for MT5, can be used on any symbol.

Squeeze momentum indicator free download pro#

Plot s2 = ExpAverage(close, slength) - ExpAverage(close, length) ĭef Con4 = s2 = signal then Color.Cyan else if APC = 1 and s2 =0 then Color.Green else If APC =2 and s2 = 0 ĭef dn = momo LowerBandKCLow and UpperBandBB LowerBandKCMid and UpperBandBB LowerBandKCHigh and UpperBandBB < UpperBandKCHigh Credits: -> John Carter creating the TTM Squeeze and TTM Squeeze Pro -> Lazybear's original interpretation of the TTM Squeeze: Squeeze Momentum Indicator -> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows This is my version of their collective works, with amendments primarily to the Squeeze Conditions to more accurately reflect the color.