![]() ![]() I check different indicators under the triple screen framework, and the Squeeze Momentum Indicator is in the intermediate screen. 0:00 / 9:51 Catch Breakouts Before They Happen - Squeeze Momentum Indicator PineTrades 62. Also, Mr.Carter uses simple momentum indicator, while I have used a different method (linreg based) to plot the histogram. Buffers and inputs are available for use in EAs and optimization purposes. This is a non-repaint and light processing load indicator. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. This is the exact conversion from TradingView source: 'Squeeze Momentum Indicator' By 'LazyBear'. How do I use it I check different indicators under the triple screen framework, and the Squeeze Momentum Indicator is in the intermediate screen. ![]() Exit the position when the momentum changes (increase or decrease - signified by a color change). Also, Mr.Carter uses simple momentum indicator, while I have used a different method (linreg based) to plot the histogram. 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). This signifies low volatility , market preparing itself for an explosive move (up or down). ![]() 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). ![]()
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