(Description from the original author of this indicator LazyBear, all credits go to him). 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. This indicator is using ADX and Squeeze Momentum Indicator. – Book: Mastering The Trade by John F Carter This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator. 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). I hope that helps? I might not have the perfect settings here but I am always experimenting with new indicators.This is a derivative of John Carter’s “TTM Squeeze” volatility indicator, as discussed in his book “Mastering the Trade” (chapter 11).īlack (or white) crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). Dynamic trends line green for buys, reds for sells. When the price is bouncing around the bottom of the chart and keeps going back there like on this chart there is no interest from buyers at that point.Īnd 7. and popularized on TradingView by a developer named LazyBear. Its first known version was called 'TTM Squeeze' by John Carter explained in his book 'Mastering the Trade' (chapter 11). The Stochastic set at 5 5 5 shows you where the price is heading towards, at this point I have highlighted on the chart it is showing the price declining as the price is nearly overbought levels, when the blue line goes under the orange line, the price is also confirmed as going down. The Squeeze Momentum Indicator is a momentum oscillator that indicates the explosiveness with which the price is going to move. Maybe select the white background too on TV so that you can see the numbers more clearly as they are harder to see on a black background. A trend direction and strength histogram based on one of the following eight oscillators: Stochastic, CCI, RSI, MACD, Momentum, Williams Range, ADX, DeMarker. Have a look at his indicator explanation page on Machine Learning: Lorentzian Classification - Indicator by jdehorty - TradingView. BB Squeeze should be Fire (the middle dots have to be Green not blue) BB Squeeze Momentum should be ON to the up side ( light blue ) TTM indicator should be Blue. Bollinger Squeeze Advanced MetaTrader indicator is a complex indicator consisting of two components: A measure of trendedness based on the Bollinger bands and Keltner channel 'squeeze'. However the one in MT4 is most probably a bit better. It kind of acts a bit like Level 2 Data that AT uses in MT4. The buys are about to change completely and then we are in looking at sells only, so you let it push out until you see the highest bars at the bottom, wait to see the change of colour to a darker shade and then think about quitting your sell.Īnother change of direction towards buys.įrom the Lorentzian Indicator take note of the numbers. This might be a good place to think about selling your buys? Squeeze Momentum Indicator by Lazybear is the number one Indicator in tradingview and it basically runs on the logic that each and every contraction brings a. Momentum is changing as the buy volumes are coming down and changing to the darker colours, so there is an early warning on a change of direction coming.
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