OPEN-SOURCE SCRIPT
Squeeze PRO Indicator [Makit0]
SQUEEZE PRO INDICATOR [Makit0] v0.5Beta
Script based in:
original John Carter's ideas (SQUEEZE & SQUEEZE PRO) at simplertrading dot com
LazyBear's script (Squeeze Momentum Indicator) here at tradingview dot com
USE IT IN CONJUNCTION WITH THE SQUEEZE PRO ARROWS INDICATOR
This system is based in the volatility reversion to the mean: volatility contraction leads to volatility expansion and the other way on
The dot signal is a warning of volatility compression, more often than not this leads to a expansion of volatility and a move in the action price usually bigger than the expected move
Be aware of the trend direction, use the momentum histogram to see the slope direction
There are 3 levels of compression:
Level 1: ORANGE, the lesser compresion level
Level 2: RED, the normal level marked by the original squeeze indicator
Level 3: YELLOW, the max compression level
The more the compression the bigger the after move
The GREEN dots signal the volatility expansion out of the squeeze ranges
Please check the John Carter's book (Mastering the Trade) and attend his webinars for more insight about the squeeze & squeeze pro systems
I'm starting at trading and learning every day, I attended one of his webinars about the Squeeze Pro, and with help of the LazyBear's Squeeze Momentum Indicator code up the Squeeze PRO.
Please be aware, I'm not an expert trader, only a developer with an idea: learn to pull out money from the market in a consistent way.
This is a Beta version, please feel free to comment and give feedback, anything you consider iteresting, the more you elaborate the better :D
Thanks you all!!!
Script based in:
original John Carter's ideas (SQUEEZE & SQUEEZE PRO) at simplertrading dot com
LazyBear's script (Squeeze Momentum Indicator) here at tradingview dot com
USE IT IN CONJUNCTION WITH THE SQUEEZE PRO ARROWS INDICATOR
This system is based in the volatility reversion to the mean: volatility contraction leads to volatility expansion and the other way on
The dot signal is a warning of volatility compression, more often than not this leads to a expansion of volatility and a move in the action price usually bigger than the expected move
Be aware of the trend direction, use the momentum histogram to see the slope direction
There are 3 levels of compression:
Level 1: ORANGE, the lesser compresion level
Level 2: RED, the normal level marked by the original squeeze indicator
Level 3: YELLOW, the max compression level
The more the compression the bigger the after move
The GREEN dots signal the volatility expansion out of the squeeze ranges
Please check the John Carter's book (Mastering the Trade) and attend his webinars for more insight about the squeeze & squeeze pro systems
I'm starting at trading and learning every day, I attended one of his webinars about the Squeeze Pro, and with help of the LazyBear's Squeeze Momentum Indicator code up the Squeeze PRO.
Please be aware, I'm not an expert trader, only a developer with an idea: learn to pull out money from the market in a consistent way.
This is a Beta version, please feel free to comment and give feedback, anything you consider iteresting, the more you elaborate the better :D
Thanks you all!!!
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.