Squeeze PRO Arrows [Makit0]

4 Tem 2019

SQUEEZE PRO INDICATOR [Makit0] v0.5Beta

Script based in:
original John Carter's ideas (SQUEEZE & SQUEEZE PRO)
LazyBear's script (Squeeze Momentum Indicator)

USE IT IN CONJUNCTION WITH THE SQUEEZE PRO INDICATOR

This system is based in the volatility reversion to the mean: volatility contraction leads to volatility expansion and the other way on
The arrows signal is a warning of volatility compression, more often than not this leads to a expansion of volatility and a move in the action price usually bigger than the expected move
Be aware of the trend direction don't take the arrows direction as certanty, use instead the momentum histogram in the Squeeze PRO Indicator to see the slope direction
By default the arrows are setted at 5 dots, they fire in the sixth dot after 5 dots of the same color. Try differents values to get more or less signals

here are 3 levels of compression:
Level 1: ORANGE, the lesser compresion level
Level 2: RED, the normal level marked by the original squeeze indicator
Level 3: YELLOW, the max compression level
The more the compression the bigger the after move

Simple and Exponential Moving Averages
There are 2 groups of Moving Averages within the indicator, the 8 & 21 EMAs and the 50, 100 & 200 SMAs
They are disabled by default, turn it on at your peace

Please check the John Carter's book (Mastering the Trade) and attend his webinars for more insight about the squeeze & squeeze pro systems
I'm starting at trading and learning every day, I attended one of his webinars about the Squeeze Pro, and with help of the LazyBear's Squeeze Momentum Indicator code up the Squeeze PRO.
Please be aware, I'm not an expert trader, only a developer with an idea: learn to pull out money from the market in a consistent way.

This is a Beta version, please feel free to comment and give feedback, anything you consider iteresting, the more you elaborate the better :D

Thanks you all!!!

8 Tem 2019

Sürüm Notları

Added Fired Squeeze Signals: it signals when the volatility goes out off each level (the squeeze fires), enabled by default
Added a wider description of the settings
Cleaned up the code