OPEN-SOURCE SCRIPT

Athena Momentum Squeeze - Short, Lean, and Mean

This is a very profitable strategy focusing on 15 minute intervals on the Micro Nasdaq Futures contracts. MNQH2023

As this contract only keeps positions for on average about an hour risk is managed. At a profit factor of 3.382 with a max drawdown of $123 from January 1st to February 15. Looking back to Dec 2019 still maintains a profit factor of 1.3.
See backtesting: screencast.com/t/Sm2lKDiLSa6n

2019 backtesting: screencast.com/t/wnj9z9FlF

Based on the classic Lazy Bear Oscillator Squeeze with a number of modifications from ADX, MAs and adding fibonacci levels.

We like keeping strategies simple yet powerful, no completely where you can't understand your own trades.

Our team is always modifying and improving the strategy. Always open to collaborating on improving as there is no perfect strategy.https://www.screencast.com/t/Sm2lKDiLSa6n
Average Directional Index (ADX)futureslazybearnasdaqOscillatorsoscillatoreTrue Strength Index (TSI)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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