OPEN-SOURCE SCRIPT
Squeeze Momentum Pro [Proozac]
SQUEEZE MOMENTUM PRO
Squeeze Momentum Pro combines volatility compression with momentum analysis to help identify potential breakout opportunities.
The indicator detects when Bollinger Bands contract inside Keltner Channels, signaling a period of unusually low volatility (a squeeze). Once volatility expands again, it highlights the breakout while showing whether bullish or bearish momentum is strengthening or weakening.
FEATURES
Squeeze Detection
• Red Dot = Squeeze ON (volatility compression)
• Green Dot = Squeeze OFF (breakout released)
• Gray Dot = No Squeeze
Momentum Histogram
Momentum is calculated using a linear regression of price relative to its recent trading range.
Histogram colors:
• Bright Green = Bullish momentum increasing
• Teal = Bullish momentum weakening
• Bright Red = Bearish momentum increasing
• Muted Red = Bearish momentum weakening
Squeeze Fire
When a squeeze changes from ON to OFF, the indicator highlights the breakout:
• Green Background = Bullish Squeeze Fire
• Red Background = Bearish Squeeze Fire
This is the primary trading signal.
INPUTS
Squeeze Settings
• BB Length
• BB Multiplier
• KC Length
• KC Multiplier
Momentum Settings
• Momentum Length
• EMA or SMA smoothing
• Smoothing Length
Visual Settings
• Custom colors for squeeze dots
• Custom colors for all momentum states
Alerts
• Bullish Squeeze Fire
• Bearish Squeeze Fire
• Squeeze Started
SUGGESTED USE
A squeeze is a warning that volatility is compressing, not an entry signal by itself.
The highest-probability setups occur when a squeeze lasts for several bars, then fires while momentum confirms the breakout direction.
The strongest signals usually appear when the histogram is Bright Green or Bright Red on the firing bar, indicating accelerating momentum.
Works on all timeframes, with particularly clean signals on the 1H and 4H charts. On lower timeframes, reducing the smoothing length can improve responsiveness.
Squeeze Momentum Pro combines volatility compression with momentum analysis to help identify potential breakout opportunities.
The indicator detects when Bollinger Bands contract inside Keltner Channels, signaling a period of unusually low volatility (a squeeze). Once volatility expands again, it highlights the breakout while showing whether bullish or bearish momentum is strengthening or weakening.
FEATURES
Squeeze Detection
• Red Dot = Squeeze ON (volatility compression)
• Green Dot = Squeeze OFF (breakout released)
• Gray Dot = No Squeeze
Momentum Histogram
Momentum is calculated using a linear regression of price relative to its recent trading range.
Histogram colors:
• Bright Green = Bullish momentum increasing
• Teal = Bullish momentum weakening
• Bright Red = Bearish momentum increasing
• Muted Red = Bearish momentum weakening
Squeeze Fire
When a squeeze changes from ON to OFF, the indicator highlights the breakout:
• Green Background = Bullish Squeeze Fire
• Red Background = Bearish Squeeze Fire
This is the primary trading signal.
INPUTS
Squeeze Settings
• BB Length
• BB Multiplier
• KC Length
• KC Multiplier
Momentum Settings
• Momentum Length
• EMA or SMA smoothing
• Smoothing Length
Visual Settings
• Custom colors for squeeze dots
• Custom colors for all momentum states
Alerts
• Bullish Squeeze Fire
• Bearish Squeeze Fire
• Squeeze Started
SUGGESTED USE
A squeeze is a warning that volatility is compressing, not an entry signal by itself.
The highest-probability setups occur when a squeeze lasts for several bars, then fires while momentum confirms the breakout direction.
The strongest signals usually appear when the histogram is Bright Green or Bright Red on the firing bar, indicating accelerating momentum.
Works on all timeframes, with particularly clean signals on the 1H and 4H charts. On lower timeframes, reducing the smoothing length can improve responsiveness.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.