ucsgears

UCS_Squeeze_Momentum-Optimized_Alert

Squeeze Momentum - Alert Indicator.

Set alerts for as many bars as you like. For reference on how to set alerts, please watch the video from Chris Moody, Link - http://videos.tradingview.com/video/114269353
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// Heikin Ashi Optimization Applied

study(shorttitle = "UCS_SQZ_Opt_Alert", title="UCS_Squeeze_Momentum-Optimized_Alert", overlay=false)

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) ? sqzOn[1]+1 : 0
sqzOff = (lowerBB < lowerKC) ? sqzOff[1]+1 : 0
noSqz  = (sqzOn == false) and (sqzOff == false)

plot (sqzOn, title = "In Squeeze", color = red, style = columns)
plot (sqzOff, title = "Squeeze Fired", color = green, style = columns)
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