OPEN-SOURCE SCRIPT
Updated Squeeze Momentum Indicator [GeeNeee]
Script Modified from LazyBear Original TTM Sqz Script
Release Notes
Squeeze Momentum Indicator shows when Bollinger Bands squeeze into the Keltner Channel. When this condition is met, price consolidation is typically followed by a move up or down. The histogram in the indicator helps predict direction of the price action breakout. If the histogram is flipping from red to green, the signal is bullish. If the histogram is flipping from green to red, the signal is bearish.Release Notes
Switched color codeOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.