Squeeze Momentum

A universal indicator that allows you to see in advance the probability of a price shot - a squeeze, that helps to find entry points.

The black dots show that the market is preparing to sharp movement, there is a decrease in volatility.
Grey dots after black, mean the end of the "compression" of the pulse and the early start of the price shot.

The change in color indicates a change in the direction of the price.
Light Green - bullish price direction (Price goes up)
Dark Green - moving into the bearish market (Start of price decline)
Light Red - bear price direction (Price goes down)
Dark Red - moving into a bullish market (Start of price growth)

View of the indicator on the chart:


To add and customize this indicator, you need to open the Indicator Settings Window.

Drawing

Panel - the choice of the indicator location on the chart:

  • New panel
  • Chart

Up

Show zero values - display zero values.

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color

Visual type - visual setting of the indicator display on the graph:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting the thickness of the indicator line.

For items Upper, Low, Lower, DotsFalse, DotsTrue, DotsNull settings are similar.

Misc

Bollinger Bands period - specify the period of Bollinger Bands.

Bollinger Bands Multiplier factor - specify the Bollinger Bands multiplier.

Keltner Channel period - indicate the period Keltner Channel.

Keltner Channel Multiplier factor - indicate the Keltner Channel multiplier.

Use TrueRange (KC) - calculate from high to low.

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