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OPEN-SOURCE SCRIPT

Variety-Filtered, Squeeze Moving Averages [Loxx]

By loxx
Updated
Variety-Filtered, Squeeze Moving Averages [Loxx] is a chop zone indicator that identifies when price is below a specific volatility threshold calculated as the difference between a fast and slow moving average and filtered using ATR- or Pips-based threshold. This indicator can be use as both an entry and exit indicator. It identifies both chop zones and breakouts/breakdowns

How to use
  • When the candles turn white and the threshold bands appear on the chart, this is indicative of low volatility
  • When price exits the threshold bands, price will usually explode up or down giving a long or short signal. This acts as a sort of squeeze momentum.


Included:
  • Bar coloring
  • Signals
  • Alerts, 4 types of alerts: Squeeze started, Squeeze ended, long, and short
  • Loxx's Expanded Source Types
  • 35+ Loxx's Moving Averages
Release Notes
Small error fix.
Release Notes
Small input spelling fix.
Release Notes
Fixed input UI groupings.
Bands and ChannelsMoving AveragessqueezesqueezemomentumVolatilityvolatilitycontraction
loxx
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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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