Lazybear squeeze momentum indicator code#
Lazybear squeeze momentum indicator tv#

Also, Mr.Carter uses simple momentum indicator, while I have used a different method (linreg based) to plot the histogram.

Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. useThinkScript is the 1 community of stock market investors using indicators and other tools to power their trading strategies. Hi Gray and light gray colors are used by default, like neutral. Exit the position when the momentum changes (increase or decrease - signified by a color change). Squeeze Momentum Indicator by Lazybear is the number one Indicator in tradingview and it basically runs on the logic that each and every contraction brings a. 12 Comments What do the grey dots signify on the Squeeze Momentum indicator Jeffrey on at 22:16 Reply. Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). If a big number of market buys or sells cannot move. This signifies low volatility, market preparing itself for an explosive move (up or down). This indicator allows correlating the price movement and aggression of traders that work with market orders. The volatility component of the TTM Squeeze indicator measures price compression using Bollinger. This is a derivative of John Carter's 'TTM Squeeze' volatility indicator, as discussed in his book 'Mastering the Trade' (chapter 11).īlack crosses on the midline show that the market just entered a squeeze (Bollinger Bands are with in Keltner Channel). TTM Squeeze is a volatility and momentum indicator introduced by John Carter of Trade the Markets (now Simpler Trading), which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range.

Lazybear squeeze momentum indicator tv#

Use the updated source instead of the what TV shows below.

This indicator is using ADX and Squeeze Momentum Indicator.

Lazybear squeeze momentum indicator code#

Fixed a typo in the code where BB multiplier was stuck at 1.5. This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator. This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator.