OPEN-SOURCE SCRIPT

Multi-Timeframe Squeeze Pro/DIM/Momentum/MA

IMPORTANT NOTE:

-> The table will not display any timeframes lower than the current one
-> This indicator combine multiple popular indicators and give ability to use them on Multiple timeframes (MFT)
-> Indicators used for the MFT are: Squeeze / Momentum / 10X DIM and Stacked MA (or EMA)
-> Give at glance a good way to see the trend all different timeframes
-> If you are using in combination with squeeze pro please use the one from Beardy_Fred since it matches the colours and condition used

Credits:

-> J. Welles Wilder creating the Directional Movement System (DMS) (1978); and
-> John Carter applying the DMS to create the popular Simpler Trading 10X Bars indicator.
-> Beardy_Fred creating a first version including MOM and SQZ
-> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows

I have adapted the version from Beardy_Fred to provide a more complete and customisable indicator while including also the Stacked EMA/MA for further validation

Explanation:

You can learn more about each indicators following those links:
  • Squeeze Pro:
    TTM Squeeze Pro
  • 10X:
    10X Bars - Directional Trends
  • Momentum Histogram:
    TTM Squeeze Pro


The stacked EMA/MA highlights when the MA/EMA are in order:

  • Red when they are stacked from the highest to the lowest
  • Green when they are stacked from the lowest to the highest
  • Yellow when they are stacked without a clear order


Customisation:

You can customise:
  • Timeframes
  • Settings for each indicators (10X/MA/Momentum/Squeeze)
  • Colors
  • Visibility


Trade Signals:

If you are going Long, Since this is a combination ideally on the timeframe you are trading you should have all green + green on the above timeframes (those colors are the default ones but can be changed)
-> Green on 10X indicator meaning you are in an uptrend
-> EMA or MA (depending on the configuration of the indicator) Green meaning EMA or MA
-> Squeeze should be Orange or Red ideally (indicating an high or medium Squeeze)
-> Momentum should be Cyan indicating an increase in momentum (while Dark Blue could indicate a reversal)

Standalone indicators:

- Squeeze Pro
- 10X Bar
- Stacked MA
- Momentum

DMIMoving AveragesmultitimeframeanalysisOscillatorssqueezeproTrend Analysis

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Exención de responsabilidad