What is a Squeeze? A squeeze occurs when tighten up enough to slip inside of .
This is interpreted as price is compressing and building up energy before releasing it and making a big move.
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Now to explain the parameters:
Squeeze Input - This is just the source for the Squeeze to use, default value is closing price.
Length - This is the length of time used to calculate the and .
Calculation Type - Selects the type of moving average used to create the .
Channel Calculation Type - Selects the type of moving average used to create the Channel.
Color Format - you to choose one of 5 different color schemes.
Draw Divergence - Self explanatory here, this will auto-draw divergence on the indicator.
Gray Background for Dark Mode - to make them more visually appealing.
Added ( ) that measure a trend’s strength. The higher the value, the stronger the trend. The line is white when it has a positive slope, otherwise it is gray. When the has a very large dispersion with respect to the momentum histogram, increase the scale number.
Added "H ( ) Signal". Hull is a extremely responsive and created by Alan Hull in 2005. Have option to chose between 3 Hull variations.
Added "Williams Fix" signal. The is one of the most reliable indicators in history for finding market bottoms. The Williams Fix is simply a code from creating almost identical results for creating the same ability the has to all assets.
The has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
Added "Wilder's Moving Average" in the Squeeze.
Momentum and Squeeze now have separate source and period.
Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.