(JS) Checklist SignalsWhat if I told you that you could use over 10 indicators at once without having a single one of them on you chart? Enter the Checklist Signals. This is probably the most complex yet simple indicator I've ever done.
What you get is 6 rows (if you want them all) of labels that hover at the top of your screen with a ton of extremely useful information. I will go down the list of options in the indicator settings and explain how it all works.
So the label placement is based on ATR. You choose your X Axis and Y Axis starting point then adjust the lookback period. Default lookback is 600 bars. What that means is, the indicator finds the highest high in the last 600 bars, then begins to place the labels above that zone based on the ATR of the chart. Different timeframes require very different combinations so it's all customizable. Sometimes if labels overlap you need to adjust the X Axis starting point, or the spread on either axis.
The next set of options allows you to decide what you'd prefer to be set on or off. Let's start with ATR and VWAP. I have added bands for both of these. When price is below the mean (which is the 21 ema by default), then the labels show you the next 5 standard deviations of ATR going down. When under one of these levels the label turns red. The opposite is true when above the mean and in those instances the labels will be green. It is the same with the VWAP, though instead of using the mean we use the daily VWAP as the starting point. If you choose to have levels switched on then you can see the actual values of each standard deviation level. Down lower in the options you can change the resolution and source used for VWAP.
The next option is "Trending". This creates a moving average using the length of the Trending Lookback Period (default is 5) and then tells you using arrows in the label which direction the trend of the indicator is going.
The next area let's you specify the information you receive in the Squeeze labels. By default all options are one - and this tells you if there's a Squeeze, what type of Squeeze there is, and how many bars the Squeeze has been building up or since it fired. These labels are color coded to correspond with the Squeeze type as well.
Then we get to another one of my indicators, the Ballista. One of the main signals is the "Inverted Squeeze" where the short term momentum inverts against the long term momentum. Here I have the distance between the two oscillators in the first label, and then the second label tells you if there's an Inverted Squeeze signal, if there's potential entry, confirmed entry, or how many bars its been since the last entry signal.
The next feature is off by default, but it will add arrows to your chart based on a simple lower highs and higher lows signals. Turning arrows on will place them right on your chart above or below each bar.
The rest of it is customizable settings of all the other indicators that are shown. Now looking at the labels themselves, starting in the top left corner:
First Row-
ADX + DMI: These labels show the ADX, DI+, & DI- values in each label. Whenever the DI+ or DI- is above the other then their respective label will light up. Also, when the ADX is above 20 (confirming the trend) it lights up in the same color as well.
Squeeze: I described how this worked above, the labels tell you if there's a Squeeze, how long there's been one, and how long since it fired, all while also changing to color of the associated Squeeze type.
Second Row -
Stacked EMAs: The top label looks at the EMA values using the numbers of the Fibonacci sequence. It looks at the EMA 8, 21, 34, 55, 89, & 233 and tells you if they're all stacked in the same direction (Stacked Bear meaning they're all crossed down in order, Stacked Bull meaning they're all crossed up in order). If the EMAs are all stacked but 1 or 2 it will say Stacked -1 or Stacked -2. When they're all over the place it will say they aren't stacked at all.
BB%: This tells you the value of the Bollinger Band %. If this is negative then you know that price is currently below the lower Bollinger Band, and if it is above 100% it is above the upper Bollinger Band.
RSI: This tells you the value of the RSI and the label changes colors based on the value.
Stoch: This tells you the Stochastic value and changes colors based on the value, same as the RSI.
Third Row -
The Mean: This tells you the numerical value of whatever you have the mean set as (21 ema by default). The label changes colors based on price being above or below the mean.
One ATR: This was something I added for those looking to plan their trades out. This tells you the value of one ATR so you can have a better idea of how to plan your trades based on this distance.
VIX: This tells you the current value of the VIX, and color changes based on being green or red on the day.
Ballista: I explained this above, it tells you the distance between the two oscillators and changes colors based on the trend being above or below 0. When there's an Inverted Squeeze this label is gray.
Inverted Squeeze: This label tells you if there's an inverted squeeze as well as if it is showing an entry or how many bars since the last entry signal. This label turns fuchsia on a bear signal and lime on a bull signal.
Fourth Row -
ATR Bands: As I explained above, this plots each standard deviation using ATR and changes colors based on price's relationship to each one.
Fifth Row -
VWAP: The three labels here show the daily, weekly, and monthly VWAP values, and color changes based on price's relationship to each one.
Sixth Row -
VWAP Bands: These are the standard deviation levels of the VWAP resolution of your choosing (as explained above), and just as the others, colors change based on price's relationship to each one.
I thought this was a really cool indicator that could be used for people like me who like knowing the right information, but HATE having their charts clustered with a ton of stuff. Hope you all like it, enjoy!
Squeeze
Squeeze Momentum 3# Squeeze Momentum 3
First of All, I would like to give my gratitude to for the initital script's idea.
This is my own version of SQZMOM. I had revised all equations and parameters according to Investopedia.
Still, no matter how much we stick to the indicator, the indicator can not see the future.
Trading results vary from time to time. In my opinion, SQZMOM is great for speculating under 4H timeframe.
Remarks;
- implement horizontal shift
- revised all equations. Unfortunately, there is no magic params.
- Be careful with your money management
- Good Luck
Stacked EMAsStacked Daily & Weekly EMAs + Labels
Pretty much self-explanatory indicator that shows the current momentum based on the key exponential moving averages.
Three stages of the EMAs:
1. Stacked Positively (Bullish) - EMAs are stacked on top of each other which represents a healthy bullish uptrend (green Label).
2. Stacked Negatively (Bearish) - EMAs are stacked below each other meaning the trend is bearish (red label).
3. Stacked Neutral (Neutral) - EMAs are crossing each other without any clear direction = chop (yellow label).
Hope it helps.
LNL Squeeze ArrowsIf you struggle with the entries, low % win rate or trading the squeeze setup overall, this indicator is for you!
If you look closely at your losing trades, chances are the losers have one thing in common = inverse momentum. I created this tool after I found out that Stacked EMAs and picture perfect trend is not the only thing you need for a squeeze setup. Squeeze arrows pinpoint the exact moment where the squeeze momentum change happens (momentum change is absolutely crucial for the squeeze setup). These arrows will help you stay out of "everything was aligned but still failed" type of setups.
Squeeze Arrows:
1. Momentum Arrows (cyan blue/red) - Showing the best possible moment for an entry during the squeeze (after you see one, you can expect the squeeze to fire soon).
2. Slingshot Arrows (yellow) - Even though you can trade off of them, these arrows work mostly as a confirmation & caution tool. If an inverse slingshot arrow is plotted during a squeeze that means caution = you should wait because momentum is not on your side thus there there is a quite high probability that the squeeze can fire the other direction.
Squeeze Dots Trigger:
Represents the number of red dots (squeeze) after which the arrows should plot. Default = 5 (only after 5 red dots, arrows will appear), some traders like to set it on 3 or even 1.
Tips & Tricks:
1.Breakout or Bailout Mentality
- The big advantage of the arrows is the fact that they either work straight away or they don't. This is where you can apply the breakout or bailout mentality and really focus exclusively on the breakout part of the whole squeeze move. You can minimize the risk by putting mental stops just a few points below the last low of the candle where the arrows appeared. That way you can be stopped out even during the squeeze = won't hurt as much as when the squeeze fire the opposite direction. Reward may be the same but the risk is lower.
2. Yellow Flags
- Use the slingshot arrows as a caution tool. Even if all your squeeze criteria are met. Yellow inverse arrow = caution (wait for the true momentum change). Once the slingshot arrow appears in the conext of the trend, you are good to go.
3. Last Arrow Rule
- Sometimes you will see a lot of arrows during the longer squeezes. This is where the last arrow rule come in handy. The last arrow you see on chart can be canceled anytime by a new one. The last arrow is the valid one!
Hope you can squeeze from these squeeze arrows as much as there is to squeeze so you can finally trade the squeeze with ease.
Hope it helps.
Squeeze M + ADX + TTM (Trading Latino & John Carter) by [Rolgui]About this indicator:
This indicator aims to combine two good performing strategies, which can be used separately or together, mainly for investment positions, although it can also be used for intraday trading.
Strategy 1) Squeeze Oscillator and Average Directional Index:
This strategy is taught by Jaime Aibsai, which determines market entries based on reading the direction of the price movement (Directionality of the Oscillator) along with the strength of the Oscillator (Slope of the ADX).
Both tools are configured according to Jaime Abisai's strategy, by default (note that point 23 of the ADX is represented by point 0 on the panel, to make reading easier, its interpretation is not affected). Anyway you can adjust the input data according to your interest.
*You can see this setting in the first panel.
Strategy 2) Squeeze Momentum and Trade The Market Waves:
This strategy can be consulted either in John F. Carter's books or on his website.
This market reading is based on Price Volatility (Bollinger Bands and Keltner Channels interaction) and its Trend (Exponential Moving Averages), showing entries at times when price volatility is low and taking filtering active trend using T.T.M. Waves.
To configure the indicator in the same way that Carter does, it would be enough to turn off the ADX, turn on the Squeeze Momentum signals along with the T.T.M. Waves, and importantly, change the Linear Momentum value to 12 (this configuration can be found in his book).
*You can see this setting in the second panel.
Why this indicator?
I've added and removed the above flags as I needed to query them (which became tedious for me). The main objective of having merged them into one is to make their reading more agile and comfortable and thus improve the decision-making capacity of the trader who wishes to use them.
Credits and Acknowledgments:
I would like to give credits to other authors, for the sections of code that I have used to make this technical indicator. Thanks to @LazyBear, @matetaronna, @jombie and @joren for contributing to the community and keeping their code open. It is priceless!
Feel free to combine and practice your trading with both strategies, personally, they improved my profitability and this is why I recommend researching more about them. I've been using it for crypto investing, let me know if it's worth for you on stock market!
If you have any questions or suggestions you can leave it in the comments!
Greetings!
StapleIndicatorsLibrary "StapleIndicators"
This Library provides some common indicators commonly referenced from other studies in Pine Script
squeeze(bbSrc, bbPeriod, bbDev, kcSrc, kcPeriod, kcATR, signalPeriod) Volatility Squeeze
Parameters:
bbSrc : (Optional) Bollinger Bands Source. By default close
bbPeriod : (Optional) Bollinger Bands Period. By default 20
bbDev : (Optional) Bollinger Bands Standard Deviation. By default 2.0
kcSrc : (Optional) Keltner Channel Source. By default close
kcPeriod : (Optional) Keltner Channel Period. By default 20
kcATR : (Optional) Keltner Channel ATR Multiplier. By default 1.5
signalPeriod : (Optional) Keltner Channel ATR Multiplier. By default 1.5
Returns:
adx(diPeriod, adxPeriod, signalPeriod, adxTier1, adxTier2, adxTier3) ADX: Average Directional Index
Parameters:
diPeriod : (Optional) Directional Indicator Period. By default 14
adxPeriod : (Optional) ADX Smoothing. By default 14
signalPeriod : (Optional) Signal Period. By default 13
adxTier1 : (Optional) ADX Tier #1 Level. By default 20
adxTier2 : (Optional) ADX Tier #2 Level. By default 15
adxTier3 : (Optional) ADX Tier #3 Level. By default 10
Returns:
smaPreset(srcMa) Delivers a set of frequently used Simple Moving Averages
Parameters:
srcMa : (Optional) MA Source. By default 'close'
Returns:
emaPreset(srcMa) Delivers a set of frequently used Exponential Moving Averages
Parameters:
srcMa : (Optional) MA Source. By default 'close'
Returns:
maSelect(ma, srcMa) Filters and outputs the selected MA
Parameters:
ma : (Optional) MA text. By default 'Ema-21'
srcMa : (Optional) MA Source. By default 'close'
Returns: maSelected
periodAdapt(modeAdaptative, src, maxLen, minLen) Adaptative Period
Parameters:
modeAdaptative : (Optional) Adaptative Mode. By default 'Average'
src : (Optional) Source. By default 'close'
maxLen : (Optional) Max Period. By default '60'
minLen : (Optional) Min Period. By default '4'
Returns: periodAdaptative
azlema(modeAdaptative, srcMa) Azlema: Adaptative Zero-Lag Ema
Parameters:
modeAdaptative : (Optional) Adaptative Mode. By default 'Average'
srcMa : (Optional) MA Source. By default 'close'
Returns: azlema
ssma(lsmaVar, srcMa, periodMa) SSMA: Smooth Simple MA
Parameters:
lsmaVar : Linear Regression Curve.
srcMa : (Optional) MA Source. By default 'close'
periodMa : (Optional) MA Period. By default '13'
Returns: ssma
jvf(srcMa, periodMa) Jurik Volatility Factor
Parameters:
srcMa : (Optional) MA Source. By default 'close'
periodMa : (Optional) MA Period. By default '7'
Returns:
jBands(srcMa, periodMa) Jurik Bands
Parameters:
srcMa : (Optional) MA Source. By default 'close'
periodMa : (Optional) MA Period. By default '7'
Returns:
jma(srcMa, periodMa, phase) Jurik MA (JMA)
Parameters:
srcMa : (Optional) MA Source. By default 'close'
periodMa : (Optional) MA Period. By default '7'
phase : (Optional) Phase. By default '50'
Returns: jma
maCustom(ma, srcMa, periodMa, lrOffset, almaOffset, almaSigma, jmaPhase, azlemaMode) Creates a custom Moving Average
Parameters:
ma : (Optional) MA text. By default 'Ema'
srcMa : (Optional) MA Source. By default 'close'
periodMa : (Optional) MA Period. By default '13'
lrOffset : (Optional) Linear Regression Offset. By default '0'
almaOffset : (Optional) Alma Offset. By default '0.85'
almaSigma : (Optional) Alma Sigma. By default '6'
jmaPhase : (Optional) JMA Phase. By default '50'
azlemaMode : (Optional) Azlema Adaptative Mode. By default 'Average'
Returns: maTF
[CBB] Volatility Squeeze ToyThe main concept and features of this script are adapted from Mark Whistler's book "Volatility Illuminated". I have deviated from the use cases and strategies presented in the book, but the 3 Bollinger Bands use his optimized settings as the default length and standard deviation multiplier. Further insights into Mark's concepts and volatility research were gained by reading and watching some of TV user DadShark's materials (www.tradingview.com).
This script has been through many refinements and feature cycles, and I've added unrelated complimentary features not present in the book. The indicator is better studied than described, and unless you have read the book, any short summary of the material will just make you squint and think about the wrong things.
Here is a limited outline of features and concepts:
1. 3 Bollinger Bands of different length and/or deviation multiplier. Perhaps think of them as representing the various time frames that compression and expansion cycles and events manifest in, and also the expression of range, speed and price distribution within those time frames. You can gain insight into the magnitude of events based on how the three bands interact and stay contained, or not. If volatility is significant enough, all "time frames" represented by the bands will eventually record the event and subsequent price action, but the early signals will come from the spasms of the shortest, most volatile band. Many times the short band will contract again before, or just as it reaches a longer band, but in extreme cases, volatility will explode and all bands at all time frames will erupt in succession. In these cases you will see additional color representing shorter bands (lower time frame volatility in concept) traveling outside of longer bands. It is worth taking a look at the price levels and candles where these volatility bands cross each other.
2. In addition to the mean of the bands, there are a variety of other moving averages available to gauge trend, range, and areas of interest. This is accomplished with variable VWAP, ATR, smoothing, and a special derived loosely from the difference between them.
3. The bands are also used to derive conditions under which volatility is considered compressed, or in "squeeze" . Under these conditions the candles will turn yellow. Depending on your chart settings and indicator settings, these zones can be completely useless or drag on through fairly significant price action. Or, the can give you fantastic levels to watch for breakouts. The point is that volatility is compressed during these conditions, and you should expect the inevitable once this condition ends. Sometimes you can find yourself in a nice fat trend straight away, other times you may blow an account because you gorged your position based on arbitrary bar color. It's not like that. Pay attention to the highest and lowest bars of these squeeze ranges, and carefully observe future price action when it returns to these squeeze ranges. This info is more and more valuable at higher time frames.
The 3 bands, a smoothed long trend VWAP, and the squeeze condition colored bars are all active by default. All features can be shown or hidden on the control panel.
There are some deep market insights to mine if you live with this one for a while. As with any indicator, blunt "buy/sell here" approaches will lead to loss and frustration. however , if you pay attention to squeeze range, band/moving average confluence, high volume and/or large range candles their open/close behavior around these areas and squeeze ranges, you will start to catch the beginning of some powerful momentum moves.
Enjoy!
Trading Made Easy Pressure OscillatorAs always, this is not financial advice and use at your own risk. Trading is risky and can cost you significant sums of money if you are not careful. Make sure you always have a proper entry and exit plan that includes defining your risk before you enter a trade.
Those who have looked at my other indicators know that I am a big fan of Dr. Alexander Elder and John Carter. This is relevant to my trading style and to this indicator in general. While I understand it goes against TradingView rules generally to display other indicators while describing a new one, I need the Bollinger Bands, Bollinger Bands Width, and a secondary directional indicator to explain the full power of this indicator. In short, if this is strongly against the rules, I will edit the post as needed.
Those of you who are aware of John Carter are going to know this already, but for those who don’t, an explanation is necessary. John Carter is a relatively famous retail-turned-institutional (sort of) trader. He is the founder of TradetheMarkets, that later turned into SimplerTrading. Him and his company have a series of YouTube videos, he has made appearances on the MoneyShow, TastyTrade, and has authored a couple of books about trading. However, he is probably most famous for his “Squeeze” indicator that was originally launched on Thinkorswim and through his website but has now been incorporated into several trading platforms and even has a few open-source versions available here. In short, the Squeeze indicator looks to identify periods of consolidation and marry that with a momentum oscillator so you can position yourself in a quiet period before a large move. This in my opinion, is one of the best indicators an option trader can have, since options are priced both on time and volatility. To do this, the Squeeze identifies when the Bollinger Bands, a measure of price standard deviation, have contracted inside the Keltner Channels (a measure of the average range of a stock). This highlights something known as “the Squeeze”, when the 2x standard deviations (95% of all likely price movement using data from the past 20 periods) is less than the 1.5x average true range (ATR) of the stock over the same number of periods. These periods are when a stock is resting and in a period of consolidation and is generally followed by another large move once it has rested long enough. The momentum oscillator is used to determine the direction of this next move.
While I think this is one of the best indicators ever made, it is not without its pitfalls. I find that the “Squeeze” periods sometimes take too long to setup (something that was addressed by John and released in a new indicator, the Squeeze Pro, but even that is still slowish) and that the momentum oscillator was also a bit slow. They used a linear regression formula to track momentum, which can lag considerably at times. Collectively, this meant that getting into moves a few candles late was not uncommon or someone solely trading squeeze setups could have missed very good trade opportunities.
To improve on this, I present, the Trading Made Easy Pressure Oscillator. This more accurately identifies when volatility is reducing and the trading range is likely to contract, increasing the “pressure” on the price. This is often marked several candles before a “Squeeze” has started. To identify these ranges, I applied a 21-period exponential moving average to the Bollinger Bands Width indicator (BBW). As mentioned above, the Bollinger Bands measure the 2x standard deviation of price, typically based on a 20-period SMA. When the BBs expand, it marks periods of high volatility, when they contract, conversely, periods of low volatility. Therefore, applying an EMA to the BBW indicator allows us to confidently mark when volatility has slowed down earlier than traditional methods. The second improvement I made was using the Absolute Price oscillator instead of a linear regression-style oscillator. The APO is very similar to a MACD, it measures the difference between two exponential moving averages, here the 8 and 21 (Fibonacci EMAs). However, I find the APO to be smoother than the MACD, yet more reactive than the linear regression-style oscillators to get you into moves earlier.
Uses:
1) Buying before a bigger than expected move. This is especially relevant for options traders since theta decay will often eat away much of our profits while we wait for a large enough price move to offset the time decay. Here, we buy a call option/shares when the momentum oscillator matches the longer-term trend (i.e. the APO crosses over the zero line when price is above the 200-day EMA, and vice versa for puts/shorting the stock). This coincides with Dr. Elder’s Triple Screen Trading System, that we are aligning ourselves with the path of least resistance. We want to do this when price is currently in an increasing pressure situation (i.e. volatility is contracting) to make sure we are buying an option when premium and Implied Volatility is low so we can get a better price and have a better risk to reward ratio. Low volatility is denoted by a purple dot, high volatility a blue dot along the midline of the indicator. A scalper or short-term swing trader may look to exit when the blue dots turn purple signalling a likely end to a move. A longer-term trend trader can look to other exit scenarios, such as a cross of the oscillator below the zero line, signalling to go short, or using a moving average as a trailing stop.
2) Sell premium after a larger than expected move has finished. After a larger than expected move has completed (a series of blue dots is followed by a purple dot), use this time to sell theta-driven options strategies such as straddles, strangles, iron condors, calendar spreads, or iron butterflies, anything that benefits from contracting volatility and stagnating prices. This is useful here since reducing volatility typically means a contraction of prices and the reduced likelihood of a move outside of the normal range.
3) Divergences. This indicator is sensitive enough to highlight divergences. I personally don’t use it as such as I prefer to trend trade vs. reversion trade. Use at your own risk, but they are there.
In summary, this indicator improves upon the famous Squeeze indicator by increasing the speed at which periods of consolidation are marked and trend identification. I hope you enjoy it.
Leonidas Squeeze Momentum SystemThis indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator.
This indicator is using ADX and Squeeze Momentum Indicator.
When you see the ADX above 0 line and the slop is positive that means the trend is strong
When the ADX is below 0 line and the trend is weak you will see the slop negative and the color gray
When we see the SQ changing the color from Red to Yellow that means the sell pressure is decreasing this could be a potential buy signal
When we see the color changing from blue to dark blue that means the buy pressure is decreasing this could be a a potential sell signal
Bull/Bear divergences supported
Added SQ signal
this signal is an exponential moving average following the SQ main signal useful for filtering fake signals.
This indicator is very powerful but offers many fake signals it is recommended using this indicator with other indicators to confirm the entries
LoTek - Horizontal Multi Time-Frame EMAsThis script retrieves user definable EMA values from different timeframes and plots a Horizontal Line on the chart for the corresponding timeframe. Labels are switchable as well. This can help you identify an EMA squeeze on lower time frames quickly. In this image, I'm viewing QRDO on 1HR and can tell that the price is just above the D10.
TTM Squeeze ProCredits:
-> John Carter creating the TTM Squeeze and TTM Squeeze Pro
-> Lazybear's original interpretation of the TTM Squeeze: Squeeze Momentum Indicator
-> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows
This is my version of their collective works, with amendments primarily to the Squeeze Conditions to more accurately reflect the color coding used by the official TMM Squeeze Pro indicator.
For those unfamiliar with the TTM Squeeze, it is simply a visual way of seeing how Bollinger Bands (standard deviations from a simple moving average ) relate to Keltner Channels (average true range bands) compared with the momentum of the price action. The concept is that as Bollinger Bands compress within Keltner Channels, price volatility decreases, giving way for a potential explosive price movement up or down.
Differences between the original TTM Squeeze and TTM Squeeze Pro:
-> Both use a 2 standard deviation Bollinger Band ;
-> The original squeeze only used a 1.5 ATR Keltner Channel; and
-> The pro version uses 1.0, 1.5 and 2.0 ATR Keltner Channels .
The pro version therefore helps differentiate between levels of squeeze (compression) as the Bollinger Bands moves through the Keltner Channels i.e. the greater the compression, the more potential for explosive moves - less compression means more squeezing.
The Histogram shows price momentum whereas the colored dots (along the zeroline) show where the Bollinger Bands are in relation to the Keltner Channels:
-> Cyan Bars = positive, increasing momentum;
-> Blue Bars = positive, decreasing momentum (indication of a reversal in price direction);
-> Red Bars = negative, increasing momentum;
-> Yellow Bars = negative, decreasing momentum (indication of a reversal in price direction);
-> Orange Dots = High Compression / large squeeze (One or both of the Bollinger Bands is inside the 1st (1.0 ATR) Keltner Channel);
-> Red Dots = Medium Squeeze (One or both of the Bollinger Bands is inside the 2nd (1.5 ATR) Keltner Channel);
-> Black Dots = Low compression / wide squeeze (One or both of the Bollinger Bands is inside the 3rd (2.0 ATR) Keltner Channels );
-> Green Dots = No Squeeze / Squeeze Fired (One or both of the Bollinger Bands is outside of the 3rd (2.0 ATR) Keltner Channel).
Ideal Scenario:
As the ticker enters the squeeze, black dots would warn of the beginning of a low compression squeeze. As the Bollinger bands continue to constrict within the Keltner Channels , red dots would highlight a medium compression. As the price action and momentum continues to compress an orange dot shows warning of high compression. As price action leaves the squeeze, the coloring would reverse e.g. orange to red to black to green. Any compression squeeze is considered fired at the first green dot that appears.
Note: This is an ideal progression of the different types of squeezes, however any type of squeeze (and color sequence) may appear at anytime, therefore the focus is primarily on the green dots after any type of compression.
Entry and Exit Guide:
-> John Carter recommends entering a position after at least 5 black dots or wait for 1st green dot ; and
-> Exit on second blue or yellow bar or, alternatively, remain in the position after confirming a continuing trend through a separate indicator.
Squeeze Momentum + Volatility [LeonidasCrypto]Based on Squeeze Momentum indicator by LazyBear
This custom version of SQ is part of my Trading System.
How to use it.
Please read the description of the original author of this indicator here.
Volatility .
When the market is contracting or sideways usually you will see red or blue dots.
Blue dots. the market is in sideways and the volatility is low.
Red dots. the market is in the climax of volatility usually after of a big move this is a potential signal the peak of the move is near.
I added volatility to SQ because I consider volatility is a key factor for trading to anticipate the moves.
MACD PlusMoving Average Convergence Divergence – MACD
The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum.
Added Color Plots to Settings Pane.
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature.
Added Ability to Turn ON/OFF Show MacD & Signal Line.
Added Ability to Turn ON/OFF Show Histogram.
Added Ability to Change MACD Line Colors Based on Trend.
Added Ability to Highlight Price Bars Based on Trend.
Added Alerts to Settings Pane.
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert.
Alerts are Pre-Set to only Alert on Bar Close.
Added ability to show Dots when MACD Crosses.
Added Ability to Change Plot Widths in Settings Pane.
Added in Alert Feature where Cross Up if above 0 or cross down if below 0 (OFF By Default).
Squeeze Pro
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI), where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the bottom. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. The CDMI adds additional insight of verifying/confirming the trend as well as its strength
Label :
Displaying the trend strength and direction
Displaying adx and di+/di- values
Displaying adx's momentum (growing or falling)
Where tooltip label describes "howto read colored dmi line"
Ability to display historical values of DMI readings displayed in the label.
Added "Expert Trend Locator - XTL"
The XTL was developed by Tom Joseph (in his book Applying Technical Analysis ) to identify major trends, similar to Elliott Wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
Williams Vix Fix BB + RVI & Squeeze (Keltner) filtered BBW + %BLegend:
- When line touches or crosses red band it is Top signal (Williams Vix Fix)
- When line touches or crosses blue band it is Bottom signal (Williams Vix Fix)
- Red dot at the top of indicator is a Top signal (Relative Volatility Index)
- Blue dot at the top of indicator is a Bottom signal (Relative Volatility Index)
- Gray dot at the bottom of indicator is a Keltner Squeeze signal (filtered by either BBW or %B)
- Silver dot at the bottom of indicator is a weaker Keltner Squeeze signal (Doesn't meet either BBW or %B filter)
- Purple is a 'Half Squeeze' only 1 Bollinger Band crossed the Keltner Channel
This is an attempt to make use of the main features of all 6 of these Volatility tools :
- Williams Vix Fix + Bollinger Bands
- Relative Volatility Index (RVI)
- The crossing of Keltner Channel by the Bollinger Bands (Squeeze)
Conditions to Help Filter Keltner Squeeze:
- When the Bollinger Bands Width (BBW) value is lower than the lowest value within a period plus a margin of error (percentage)
- When the %B value reaches the alert level detailed in LazyBears indicator. ()
If it meets one of these 2 filters and there is a Keltner Channel Squeeze than gray color or else if the squeeze doesn’t meet one of the 2 filters than silver color (weaker Squeeze).
The goal is to find the best tool to find bottoms and top relative to volatility and filter the squeeze.
The idea is that both Williams Vix Fix + Bollinger Bands and Relative Volatility Index both already give the main volatility bottom and top so combining them to compare and validate the signals makes sense. (Note: Bottom signal is more accurate than top). In addition, I added the squeeze to show the potential breakout pressure and to compliment bottom and top signals.
For ideas on how to continue this work :
I encourage ideas to combine the Williams Vix Fix and Relative Volatility Index for volatility top and bottom (with probability would be awesome)
And I encourage ideas to filter Keltner Channel Volatility Squeeze using both the BBW or %B or other volatility squeeze indicators or a combination of all of them.
Also, I encourage people to post their top parameters for the BBW and %B to filter the Keltner Squeeze in the comments or to send me them by chat relative to this indicator.
Half the battle is making the indicator, while the other half is tuning the parameters.
The current parameters are one of the least aggressive, and act as a mild filter.
Note: You can also change the threshold for RVI top and bottom.
And this work builds on my last indicator:
If you have ideas on this work or have ideas on potential combinations please message me, I always want to learn or get perspective on how it can be improved.
Sharing is how we get better (Parameter tuning, ideas, discussion)
I don’t reinvent the wheel, just trying to make the wheel better.
Elliott Wave Oscillator + TTM SqueezeThe Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. It works on the basis of a simple calculation: The difference between a 5-period simple moving average and a 34-period simple moving average.
Included with the EWO are the breakout bands that help identify strong impulses.
To further aid in the detection of explosive movements I've included the TTM Squeeze indicator which shows the relationship between Keltner Channels & Bollinger Bands, wich highlight situations of compression/low volatility, and expansion/high volatility. The dark dots indicate a squeeze, and white dots indicates the end of such squeeze and therefore the start of an expansion.
Enjoy!
Squeeze Momentum [Plus]The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum).
What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels .
This is interpreted as price is compressing and building up energy before releasing it and making a big move.
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Now to explain the parameters:
Squeeze Input - This is just the source for the Squeeze to use, default value is closing price.
Length - This is the length of time used to calculate the Bollinger Bands and Keltner Channels .
Bollinger Bands Calculation Type - Selects the type of moving average used to create the Bollinger Bands .
Keltner Channel Calculation Type - Selects the type of moving average used to create the Keltner Channel.
Color Format - you to choose one of 5 different color schemes.
Draw Divergence - Self explanatory here, this will auto-draw divergence on the indicator.
Gray Background for Dark Mode - to make them more visually appealing.
Added ADX (Average Directional Index) that measure a trend’s strength. The higher the ADX value, the stronger the trend. The ADX line is white when it has a positive slope, otherwise it is gray. When the ADX has a very large dispersion with respect to the momentum histogram, increase the scale number.
Added "H (Hull Moving Average) Signal". Hull is a extremely responsive and smooth moving average created by Alan Hull in 2005. Have option to chose between 3 Hull variations.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility, and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
(JS) BallistaAlright so this is a script I made by combining two existing ones and making a really cool discovery that has proven very useful.
You'll notice that there are two separate oscillators that are laid on top of each other. The background oscillator is my "Tip-and-Dip" oscillator which you can see here (will refer to this as TnD from here), and the foreground oscillator from the Squeeze , which can be viewed here .
Initially I just wanted to see how they interacted with one another and compare them, but this led to some pretty interesting observations.
First let me go through the options real quick to get that out of the way, though it is mostly self-explanatory.
Lookback Period defines the amount of bars used for the TnD oscillator.
Smoothing Value smooths out the TnD output.
Standard Deviations is used to calculate the TnD formula.
Color Scheme is preset BG colors.
Using Dark Mode changes colors based on dark mode or not.
Squeeze Momentum On turns the Squeeze in the foreground off and on.
Arrows Off turns the arrows on the indicator off and on.
Now to explain the indicator a bit more. I have the default lookback period as 40 due to the Squeeze being 20, which makes the TnD oscillator the "slow" output with the Squeeze being the "fast" output.
Some initial observations were that when both the Squeeze and the TnD are moving in the direction, when the Squeeze is higher (uptrend) or lower (downtrend) it seems to indicate strength in the move. As the move loses steam you'll notice the Squeeze diverge from the TnD.
However, the most useful thing I discovered about the interaction between these two indicators is where the name for it came from. So if you aren't familiar with what a Ballista is, per Wikipedia, "The ballista... sometimes called bolt thrower, was an ancient missile weapon that launched either bolts or stones at a distant target." There are instances where the Squeeze seems to get ahead of itself and gets too far away from the TnD (which is the long term trend between the two). The key thing to look for is an "inverted squeeze" - this is when the squeeze oscillator ends up flipping against the TnD. When this occurs there is an extremely high probability that you'll see price shoot back the opposite way of the Squeeze.
I've been using this setup myself for about a year now and have been very satisfied with the results thusfar. I circled some examples on the SPX daily chart here to show you what I mean with the inverted Squeeze shooting back.
(JS) Triple StochasticSo I ended up adding a ton of stuff to my prior Double Stochastic script which you can see here .
The concept of the Double was to smooth out the existing Stochastic by applying a Stochastic to the existing Stochastic (hence the Double). My concept for the Triple Stochastic is much different. It combines a regular stochastic, stochastic RSI, and the double stochastic to get a smoothed output based on all 3.
Also - since I love being able to see a Squeeze (see my Squeeze Pro indicators - Squeeze Pro 2 & Squeeze Pro Overlays ) I added the Squeeze to the Stochastic (the dots). If you're unfamiliar with how a Squeeze works, or what it is, check out my links for explanation. A quick explanation however is that the Squeeze is an indicator that was invented by John Carter that detects price compression before a big move out of a range. This is done by using Bollinger Bands and Keltner Channels, the BB shrink inside the KC. The color of the dots represent the depth of the BB in the KC, white (or black) being the lightest squeeze, red being the standard squeeze, and yellow being the strongest squeeze. Now on to the indicator:
The first thing you'll notice is the options available for the type of Stochastic you'd like to use:
Standard : This is a regular Stochastic
Stochastic RSI : This is the standard Stochastic RSI
Double : This is the Stochastic on top of a Stochastic from the prior version
Triple : This is simply an average of all 3 of the above combined together
(Top indicator shows the Triple Stochastic)
The options "K", "D", and "Smooth" are the settings from a regular Stochastic used to set up the type of Stochastic you choose to use.
Now let's say you're not sure how one type performs compared to another, or you like the quickest momentum change but also like to see the smoothest trend, or you want to use the same types of Stochastic and watch for them to cross like moving averages - for these reasons I added the ability to add a second Stochastic for comparison.
(2nd indicator shows a fast and slow Triple Stochastic together)
Quite obviously, the "K 2", "D 2", and "Smooth 2" are what is used in order to set the parameters for the second Stochastic.
Now another thing I added was the option to replace the regular Stochastic and instead look at the distance between the K and D. By turning off "Use K% and D%" you get to see this in action. To put it simply, a cross above zero would indicate a positive Stochastic crossover, and a cross below zero would represent the opposite. There's also an option titled "SMA Length using Difference" which, to smooth this out a bit, allows you to apply a moving average to the distance. By setting it at 1 you'd see the actual distance between K and D.
(3rd indicator shows the K and D distance used as a plot)
Another thing I wanted to do was add a different type of background that wasn't based on the indicator itself. I decided to use ADX & DMI which is a great way to determine the trend. When you select "ADX/DMI BG" the BG colors will change from being based on the indicator to being based on ADX and DMI.
(The 3rd indicator also shows the ADX/DMI BG being used).
And now finally the last feature I decided to add takes us back to the Squeeze. Essentially it is just the Stochastic shown through the lens of Squeeze momentum, as I ended up plugging the Stochastic output into the Squeeze momentum formula to create an oscillator. By selecting "Use Oscillator" you will see this in action as well.
(Bottom indicator shows the oscillator addition)
Matrix Series and Vix Fix with VWAP CCI and QQE SignalsBased on @ChrisMoody Williams_VIX_Fix and @glaz Matrix Series .
This indicator identify potential zone of reversal according to momentum and volatility.
Includes VWAP CCI and QQE Signals.
Price Action IndexI've created a simple oscillator which I think does a good job of easily showing you when price is worth watching or not. I think all too often you get stuck looking at something like an RSI and end up trading noise.
From my observations and experiences, I've found that there are 2 major catalysts for price movement--
Price is either trending and reaches a top or bottom, or
Price is consolidating and ready to make a move in some direction
These movements can be seen quite well from a Bollinger Band, which is what mostly gave me the inspiration. When I watch a chart with a BB on it I see that either you're looking to trade price moving out of a squeeze or riding price up/down the band until it crosses over and makes a move to the moving average.
My solution was to multiply the direction of price by the strength of its deviation.
Price gets converted into a signal between -1.0 (bottom of the range) and 1.0 (top of the range)
Standard Deviation gets converted into a stochastic signal between 0 (next to no deviation from mean) and 100 (highest deviation in lookback)
These 2 get multiplied by each other
The result tells you if price action is trending bullish and if its approaching max strength (perhaps Overbought), example: Price is hitting highs (1.0) and deviation is also at its highest (100) = 100, opposite for bearish
Result can also tell you if price is at the top of the range but the deviation is so tiny and we're mostly pinned to the mean (1.0 * 5 = only 5)
How to Trade this Indicator--
If the indicator is stuck near the middle and purple:
- Don't make directional trades or you'll be eaten alive by the chop
- Good idea to sell options, Iron Condors/Butterflies, etc
- Wait for a move to breakout --> the purple will fade away and give way to a direction
--- As in all trading scenarios, be mindful of fakeouts/short moves to one direction that very quickly get reversed
If the indicator is heading higher:
- This would indicate there is a bull trend going on, get long
- If we are reaching the overbought area, this is an ideal place to take profits or look at spreads like Bearish Call Spreads (sell calls)
- I think you can make your own determination of when to sell by either selling when we're in the overbought area (if it reaches there) or staying bullish so long as it is above the zone
If the indicator is heading lower:
- Bear trend, shorting is possible
- Can use this as a contrarian signal to buy lows
A couple of charts with the indicator and a purple squeeze box I've drawn (can sometimes get noisy in real-time, but hindsight is 20/20)--
Bitcoin on Daily with default 20 length
Gamestop on 30 minute time frame with 100 length
Please feel free to use this indicator for your trading or your own indicators. This particular script is very stripped down/bare bones from what I have been working on as an ongoing project. If TradingView ever returns scripts you can sell, I would probably open that up for a small premium.
Percent changeThis indicator shows WMA ribbons of the percentage of price movements.
Strong peaks show unusual price movement and might indicate a good time to close your position.
A narrow band shows stable price movement and could indicate a good time to get into a position. (Squeeze)
SVIEWThis is momentum based indicator
Input
1. Two EMA
2. Stochastic
Thought process
1. Difference between fast and slow ema has a oscillating nature.
2. Stochastic %k %d crossover gives early signals
3. early entry gives low risk high reward setup
Calculation
1. A= EMA (fast) - EMA (slow)
2. B =Stochastic(%K)-Stochastic(%D)
When A is increasing and B is positive, bar is green
When A is decreasing and B is negative, bar is red
Else, bar is black
Use
This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups
Example
When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options )
29 minutes ago
Release Notes:
This is combination of
1. Ema diff
2. stochastic
3. Keltner channel
4. Bollinger bands
5. bunch of EMAs
Thought process
1. Difference between fast and slow ema has a oscillating nature.
2. Stochastic %k %d crossover gives early signals
3. early entry gives low risk high reward setup
Calculation
1. A= EMA (fast) - EMA (slow)
2. B =Stochastic(%K)-Stochastic(%D)
When A is increasing and B is positive, bar is green
When A is decreasing and B is negative, bar is red
Else, bar is black
Use
This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups
Example
When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options )
