![]() It Is dedicated to Webhook for your various applications.Īpp Notification i./DYjtTal.png i./Sm0RpBr. App, Pop-up, eMail, play sound and Send email to SMSĢ. Squeeze Off = Squeeze Release Long or Squeeze Release Long based off conditions.ġ. Description: The 'Squeeze Momentum TD' is our unique take on the highly acclaimed TTM Squeeze indicator, renowned in the trading community for its efficiency in pinpointing market momentum. Taking the above information and what was in the script was able to base the alert conditions: Conversely, when the volatility declines, the distance also decreases, and in such cases, the squeeze is said to be released (indicator turns on, displayed with triangle up or triangle down shapes) When the volatility increases, so does the distance between the bands. A Squeeze momentum indicator is a technical trading volatility indicator that shows the change in the price of an asset. The Squeeze Indicator finds sections of the Bollinger Bands which fall inside the Keltner's Channels, and in this case, the market is said to be in a squeeze (indicator turns off, displayed with grey diamond shapes in this study). ![]() So to break down the Squeeze, what it is, how it works, etc - you have to look at the components that make it up. I plan on adding a Squeeze Overlay script in the future that will pair with this one as well for additional signals. In any case, a position should be opened or closed only after prices confirm the signal generated by the indicator. This is my version of the updated classic indicator created by John Carter. Thus if the indicator reaches extremely high values and then turns down, the further price growth should be expected. The Squeeze Indicator measures the relationship between Bollinger Bands and Keltner's Channels to help identify consolidations and signal when prices are likely to break out (whether up or down). Extremely high or low values of Momentum imply continuation of the current trend.
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