Trendstone Squeeze v1.0 — Indicator by redknight666

momentum bollingerbands keltnerchannels squeeze

The idea of the Squeeze is to figure out when the market is primed for a movement. The script is based on the excellent description of John Carter on the second edition of his book. I made a few changes regarding the sources of data, he uses a plain momentum oscillator, I have added an aggressive and a conservative profile. Aggresive profile is good for entries as the oscillator has a faster response while the conservative is better for entries as it will keep you in the trade. In conjunction with other tools like volatility adjusted bands you can create rules that would use both triggers.

Release Notes:

Updated the aggresive profile to show high risk entry points. Improved the calculation of the Bollinger Bands and the Keltner Channels using zero-lag moving averages instead of traditional ones, allowing to have finer degree of control over the entries and the exits.

Release Notes:

Includes a volume filter for the aggressive entry making the entry point more precise.

Release Notes:

Allows using the original TTM Oscillator alongside with the more sensible one.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact redknight666 for more information, or follow the author's instructions below.

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