Adaptive Squeeze Momentum +

OVERVIEW
Adaptive Squeeze Momentum+ is an enhanced, auto-adaptive momentum indicator inspired by the classic Squeeze Momentum concept. This script dynamically adjusts its parameters to any timeframe without requiring manual inputs, making it a versatile tool for intraday traders and long-term investors alike.

CONCEPTS
The indicator combines Bollinger Bands (BB) and Keltner Channels (KC) to identify volatility compression ("squeeze") and expansion phases. When BB contracts within KC, a squeeze is detected, signaling reduced volatility and potential for a breakout. Additionally, a linear regression momentum calculation helps assess the strength and direction of price moves.

FEATURES

• Auto-Adaptation:
  Automatically adjusts BB/KC lengths and multipliers based on the chart timeframe (from 1 minute to 1 month).
  
• Dynamic Squeeze Detection:
  Clear visual encoding of squeeze status:
  - Gray cross: neutral
  - Blue cross: squeeze active
  - Yellow cross: squeeze released
  
• Momentum Histogram:
  Colored area chart shows positive and negative momentum with slope-based coloring.
  
• Clean Visualization:
  Minimalist plots focused on actionable signals.
  

USAGE

1. Identify Squeeze Phases:
   When the blue cross appears, the market is in a volatility squeeze, potentially preceding a breakout.
   
2. Monitor Momentum Direction:
   The area plot shows the magnitude and direction of price momentum.
   
3. Confirm Entries and Exits:
   Combine squeeze releases (yellow) with positive momentum for potential long entries or negative momentum for shorts.
   
4. Adaptable to Any Market:
   Works seamlessly across cryptocurrencies, stocks, forex, and indices on all timeframes.