371419 görüntülenme
Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice.
Updated source: http://pastebin.com/UCpcX8d7
Use the updated source instead of the what TV shows below.
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
- Using Squeeze with ADX: http://www.tradethemarkets.com/public/ma...
List of all my indicators:
// // @author LazyBear // List of all my indicators: https://www.tradingview.com/v/4IneGo8h/ // study(shorttitle = "SQZMOM_LB", title="Squeeze Momentum Indicator [LazyBear]", overlay=false) length = input(20, title="BB Length") mult = input(2.0,title="BB MultFactor") lengthKC=input(20, title="KC Length") multKC = input(1.5, title="KC MultFactor") useTrueRange = input(true, title="Use TrueRange (KC)", type=bool) // Calculate BB source = close basis = sma(source, length) dev = multKC * stdev(source, length) upperBB = basis + dev lowerBB = basis - dev // Calculate KC ma = sma(source, lengthKC) range = useTrueRange ? tr : (high - low) rangema = sma(range, lengthKC) upperKC = ma + rangema * multKC lowerKC = ma - rangema * multKC sqzOn = (lowerBB > lowerKC) and (upperBB < upperKC) sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC) noSqz = (sqzOn == false) and (sqzOff == false) val = linreg(source - avg(avg(highest(high, lengthKC), lowest(low, lengthKC)),sma(close,lengthKC)), lengthKC,0) bcolor = iff( val > 0, iff( val > nz(val[1]), lime, green), iff( val < nz(val[1]), red, maroon)) scolor = noSqz ? blue : sqzOn ? black : gray plot(val, color=bcolor, style=histogram, linewidth=4) plot(0, color=scolor, style=cross, linewidth=2)
Tepkiler

edwinrve1
¿Puedo tener acceso a esto por favor! Gracias !
+2
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werunucibe
Does this indicator repaint? Please help.
+17
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cscalioni
How can I download this indicator?
+14
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Joy_Bangla
This is awesome. Anyone able to convert this into a buy and sell signal directly on the chart?
+27
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RGD_Ventures
I'm trying to understand the "val" formula used for the histogram. Why is avg used twice? What is this val really represent? trying to re-write this in python if anyone can help
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gttlapaz
Hi, please help me, how to add ADX in this same script? Thanks!
+5
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MarxBabu
simply the best
+1
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AndreSolbach
good work! 🔥 🔥
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eyanez111
thanks a lot this is awesome!!
+2
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sber10m
NO REPAINT strategy -> -> -> MOEX:SBER No repaint 10M/5M DEMO! Without 2 weeks
+9
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