OPEN-SOURCE SCRIPT
Squeeze Momentum Pro + Divergencias RCT
Squeeze Momentum Pro + Divergences RCT"
This indicator combines the core logic of the LazyBear Squeeze Momentum oscillator with divergence detection logic, as modified and integrated by Carlos Mauricio Vizcarra for the Rafael Cepeda Trader community. It displays the classic Squeeze Momentum histogram and zero-cross line, while simultaneously identifying potential regular and hidden bullish and bearish divergences based on the internal momentum oscillator (val) and price pivots.
This code is provided exclusively for demonstrative and academic purposes. It is intended for study, analysis, and educational use within the context of algorithmic trading indicator development. The code is subject to the Mozilla Public License 2.0 (MPL 2.0).
This indicator combines the core logic of the LazyBear Squeeze Momentum oscillator with divergence detection logic, as modified and integrated by Carlos Mauricio Vizcarra for the Rafael Cepeda Trader community. It displays the classic Squeeze Momentum histogram and zero-cross line, while simultaneously identifying potential regular and hidden bullish and bearish divergences based on the internal momentum oscillator (val) and price pivots.
This code is provided exclusively for demonstrative and academic purposes. It is intended for study, analysis, and educational use within the context of algorithmic trading indicator development. The code is subject to the Mozilla Public License 2.0 (MPL 2.0).
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.
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.