ucsgears

UCS_Squeeze_Momentum_Optimized_Overlay

1130 3 186
Squeeze Overlay Indicator - Save some screen real estate.
1. Further Optimized Version
Comment: Finally the Squeeze Trigger Indicator is coming to a good position to trade. A bit more tweaks needed.

snapshot
Comment:
snapshot
Comment:
snapshot
Remove from Favorite Scripts Add to Favorite Scripts
study(shorttitle = "UCS_SQUEEZE", title="UCS_Squeeze_Momentum_Optimized_Overlay", overlay=true)

length = input(20, title="Squeeze Length")
multBB = input(2,title="BB MultFactor")
multKC = input(1.5, title="KC MultFactor")
smooth = input(20, title = "Momentum Smoothing")

usebbr = input(true, title = "Use Bollinger Band Ratio Instead of Momentum", type = bool)
useHAC = input(true, title = "Heikin Ashi Optimization", type=bool)

// Heikin Ashi ATR Calculations
haclose = ohlc4
haopen = na(haopen[1]) ? (open + close)/2 : (haopen[1] + haclose[1]) / 2
hahigh = max (high, max(haopen,haclose))
halow = min (low, min(haopen,haclose))
haatra = abs(hahigh - haclose[1])
haatrb = abs(haclose[1] - halow)
haatrc = abs(hahigh - halow)
haatr = max(haatra, max(haatrb,haatrc))

source = useHAC ? haclose : close

// Calculate BB
basis = sma(source, length)
dev = multBB * stdev(source, length)
upperBB = basis + dev
lowerBB = basis - dev


// Calculate KC
ma = sma(source, length)
range = useHAC ? haatr : tr
rangema = sma(range, length)
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)

// Momentum ======> %B Indicator OR Rate of Change (ROC)
momentum = usebbr ? (((source - lowerBB)/(upperBB - lowerBB))-0.5) : (((close - close[12])/close[12])*100)
val = sma(momentum,smooth)

scolor = noSqz ? blue : sqzOn ? red : green 

// Background Highlight
bgcolor(scolor)
// Momentum arrows
positiveup = (val > 0) and (val > val[1])
positivedn = (val > 0) and (val < val[1])
negativedn = (val < 0) and (val < val[1])
negativeup = (val < 0) and (val > val[1])

plotshape (positiveup ? positiveup : na, title = "Momentum Positive & Up", style = shape.triangleup, location = location.top, color = green)
plotshape (positivedn ? positivedn : na, title = "Momentum Positive & Down", style = shape.triangledown, location = location.top, color = blue)
plotshape (negativeup ? negativeup : na, title = "Momentum Negative & Up", style = shape.triangleup, location = location.bottom, color = orange)
plotshape (negativedn ? negativedn : na, title = "Momentum Negative & Down", style = shape.triangledown, location = location.bottom, color = red)
ucsgears PRO
2 years ago
a New Squeeze Bar technique, introduced to me by @jackvmk. Coding in progress. Will be out tonight.
+1 Reply
IvanLabrie TOP ucsgears
2 years ago
Interesting...
Reply
Algyros PRO ucsgears
2 years ago
Looking forward to it.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out