juansenl

SQUEEZE MTF - @JuanSeNL

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// Thanks to LazyBear for SQZMOM_LB

The Squeeze Momentum Indicator have 2 indicators, The Momentum Indicator and the Squeeze Indicator, in this case I use the Squeeze Ind to shows how it works and to be easier to use it

The Squeeze indicator use Bollinger Bands and Keltner's Channels to find potential accumulation/distribution fases, a price range is a period when the price is moving sideways without any significant advancement in the upward or downward direction, so this indicator helps to detect the potential end for the range and alert for breakouts above or below the upper and lower trading range bounds.

When BB are into the KC bands signifies low volatility , so market preparing itself for an explosive move (up or down), and “Squeeze release”

GREEN: Low volatility

Multiple Time Frame Version - Allow to choose a different timeframe

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Este script se publica con código cerrado y puede usarlo libremente. Puede marcarlo como favorito para utilizarlo en un gráfico. No puede ver ni modificar su código fuente.
¿Quiere utilizar este script en un gráfico?

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