OPEN-SOURCE SCRIPT
Leonidas Squeeze Momentum System
This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator.
This indicator is using ADX and Squeeze Momentum Indicator.
When you see the ADX above 0 line and the slop is positive that means the trend is strong
When the ADX is below 0 line and the trend is weak you will see the slop negative and the color gray
When we see the SQ changing the color from Red to Yellow that means the sell pressure is decreasing this could be a potential buy signal
When we see the color changing from blue to dark blue that means the buy pressure is decreasing this could be a a potential sell signal
Bull/Bear divergences supported
Added SQ signal
this signal is an exponential moving average following the SQ main signal useful for filtering fake signals.
This indicator is very powerful but offers many fake signals it is recommended using this indicator with other indicators to confirm the entries
This indicator is using ADX and Squeeze Momentum Indicator.
When you see the ADX above 0 line and the slop is positive that means the trend is strong
When the ADX is below 0 line and the trend is weak you will see the slop negative and the color gray
When we see the SQ changing the color from Red to Yellow that means the sell pressure is decreasing this could be a potential buy signal
When we see the color changing from blue to dark blue that means the buy pressure is decreasing this could be a a potential sell signal
Bull/Bear divergences supported
Added SQ signal
this signal is an exponential moving average following the SQ main signal useful for filtering fake signals.
This indicator is very powerful but offers many fake signals it is recommended using this indicator with other indicators to confirm the entries
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Trading for living!
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Trading for living!
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.