Latino Trading by Panda Trading : Squeeze Momentum + ADX + 4 EMA
A comprehensive trading indicator that combines the Squeeze Momentum oscillator with the Average Directional Index (ADX) to identify high-probability trading opportunities.
Features:
🔹 Squeeze Momentum Indicator
Detects volatility contractions (squeeze) using Bollinger Bands and Keltner Channels
Color-coded histogram shows momentum direction and strength:
Bright Green: Strong bullish momentum
Dark Green: Weakening bullish momentum
Red: Strong bearish momentum
Maroon: Weakening bearish momentum
Squeeze status indicated by dots at zero line:
Black: Squeeze ON (low volatility - potential breakout)
Gray: Squeeze OFF (volatility expansion)
Blue: No squeeze condition
🔹 ADX (Average Directional Index)
White line shows trend strength (scaled to match momentum oscillator)
Dashed gray line marks the key level 20 threshold
ADX above 20: Strong trend
ADX below 20: Weak/ranging market
Adjustable scale factor to customize visualization
🔹 Multi-Timeframe EMAs
4 customizable exponential moving averages overlaid on price chart
Helps identify trend direction and dynamic support/resistance
How to Use:
Look for squeeze conditions (black dots) - volatility compression
Wait for squeeze release with momentum shift
Confirm trend strength with ADX above 20
Use EMAs for trend context and entry/exit levels
Settings:
Adjustable BB/KC lengths and multipliers
Customizable ADX period and scale
Flexible moving average periods
Perfect for swing traders and day traders looking to combine volatility, momentum, and trend strength analysis in one comprehensive tool.
Indicador Pine Script®






















