Also, Mr.Carter uses simple momentum indicator, while I have used a different method (linreg based) to plot the histogram. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Exit the position when the momentum changes (increase or decrease - signified by a color change). Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). This signifies low volatility, market preparing itself for an explosive move (up or down). This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).īlack crosses on the midline show that the market just entered a squeeze (Bollinger Bands are with in Keltner Channel). TTM Squeeze is a volatility and momentum indicator introduced by John Carter of Trade the Markets (now Simpler Trading), which capitalizes on the tendency. Use the updated source instead of the what TV shows below. ![]() # hlc=(amom>amoms)?(amom amoms then if amom amoms then if amom < 0 then Color.ORANGE else Color.GREEN else if amom < 0 then Color.RED else Color.ORANGE else color.Fixed a typo in the code where BB multiplier was stuck at 1.5. The squeeze momentum indicator will therefore indicate low market volatility when the standard deviation of the Bollinger Bands reach a minimum for a 120 bar. Plot histogram = if sh = yes then hl else Double.NaN If amoms 0 and amom > 0 then Min(amoms, amom) Today we are testing the The BEST Indicator and most downloaded indicator On TradingView: Squeeze Momentum Indicator Trading Strategy (Lazybear). Today we are testing the The BEST Indicator and most downloaded indicator On TradingView: Squeeze Momentum Indicator Trading Strategy by Lazybear. # hl=sh ? amoms0 and amom>0 ? min(amoms, amom) : 0 : na MTF version of the popular squeeze momentum indicator, created and shared by Lazy Bear. In that indicator of his he described, and suggested, the use of his gray cross signals to find points of interest for trading based on the direction. Oscillators Volatility Trend Analysis lazybear squeezemomentum multi-timeframe alerts. This is the Histogram Version of one of my other indicators named: SQZ Momentum + 1st Gray Cross Signals (with arrows) Which is a modification of 'Squeeze Momentum Indicator' by user: 'LazyBear'. ![]() # amom=100*(((sm?ema(src,smp):src)/(sma(src,p)) - 1))ĭef t_amom = if sm = yes then ExpAverage(src, smp) else src ĭef amom = 100 * ( (t_amom / ( Average(src, p)) - 1)) manomanomano Premium Updated May 10, 2021. # eb=input(false, title="Enable Barcolors") # sh=input(false, title="Show Histogram") ![]() A demo Colab Notebook for my Medium article Implementing the Squeeze Momentum Indicator in Python. # sm=input(false, title="Smooth Momentum") Squeeze-Momentum-Indicator-LazyBear-Demo.ipynb - Colaboratory. The Squeeze Momentum Indicator Lazybear (SQZMOM) is a technical analysis tool used to identify potential changes in a security’s price momentum. # thinkscript conversion by mashume 2022.10 ![]() The market consolidates 80 of time and only 20. Squeeze Momentum shows periods when volatility increases or decreases, in other words, when the market goes from the trend into flat movement and vice versa. He made USD 18.2 million on options and futures trading in 2020, which is 1,270 of annual yield. # study("Anchored Momentum ", shorttitle="AMOM_LB") The indicator was created by John Carter.
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