SeaSide420

Squeeze Momentum Indicator [LazyBear] vHMA

This is a remake of the famous LazyBear Indicator, the Squeeze Momentum Indicator .
All i did was take out the SMA's and replace them with HMA's. HMA is a more responsive moving average.
Hull Moving Average .


This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).

Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".

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). Exit the position when the momentum changes (increase or decrease --- signified by a color change). My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram.

More info:
- Book: Mastering The Trade by John F Carter


Here is the original version:
Favori Komutlardan Çıkart Favori Komutlara Ekle

Yorumlar

Hey, great work. My question is, what are the blue dots? There are black ones for squeeze and grey ones for release, but what are the blue ones indicating?
+3 Cevap Gönder
Why do you use sma again when plotting?
See:

val = linreg(source - avg(avg(highest(high, lengthKC), lowest(low, lengthKC)), sma(close, lengthKC)), lengthKC, 0)
plot(val, color=bcolor, style=plot.style_histogram, linewidth=4)
+2 Cevap Gönder
@phryll, oh yea should change that to HMA too
+1 Cevap Gönder
aashish2137 SeaSide420
@SeaSide420, Just checking, did you (or do you plan to) release a V2 of this script with this change?
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SeaSide420 aashish2137
@aashish2137, yes, thanks for reminding me, I'll do it today
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King of the HULL seaside!
+1 Cevap Gönder
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