Squeeze Momentum
- Indikatoren
- Fernando Lahude Ritter
- Version: 1.0
This is the Squeeze Momentum Indicator from TradingView by LazyBear ported to mql5. Is the same logic and plotting.
Interpreting the Indicator:
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Detecting a Squeeze:
- Look at the separate line’s color. If it indicates a squeeze (often shown as one distinct color), it means price is currently consolidating and volatility is low.
- This is a time to watch carefully for upcoming breakouts.
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When the Squeeze Fires:
- Once the indicator switches from the “Squeeze On” color to the “No Squeeze” or “Squeeze Off” color, it suggests a release of built-up energy.
- The direction of the histogram bars can guide you on whether to position bullishly or bearishly.
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Momentum Analysis:
- Check the histogram bars. Increasing green bars point to growing bullish momentum. If the squeeze fires during this phase, it could mean a strong upward trend may follow.
- Increasing red bars signal building bearish momentum. If the squeeze fires here, a downward move may be imminent.
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Confirming with Other Tools:
- While the Squeeze Momentum indicator is a powerful standalone tool, it often helps to combine it with price action analysis, support/resistance levels, and other momentum or trend-following indicators to validate signals.