OPEN-SOURCE SCRIPT
Leonidas Squeeze Momentum System
This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator.
This indicator is using ADX and Squeeze Momentum Indicator.
When you see the ADX above 0 line and the slop is positive that means the trend is strong
When the ADX is below 0 line and the trend is weak you will see the slop negative and the color gray
When we see the SQ changing the color from Red to Yellow that means the sell pressure is decreasing this could be a potential buy signal
When we see the color changing from blue to dark blue that means the buy pressure is decreasing this could be a a potential sell signal
Bull/Bear divergences supported
Added SQ signal
this signal is an exponential moving average following the SQ main signal useful for filtering fake signals.
This indicator is very powerful but offers many fake signals it is recommended using this indicator with other indicators to confirm the entries
This indicator is using ADX and Squeeze Momentum Indicator.
When you see the ADX above 0 line and the slop is positive that means the trend is strong
When the ADX is below 0 line and the trend is weak you will see the slop negative and the color gray
When we see the SQ changing the color from Red to Yellow that means the sell pressure is decreasing this could be a potential buy signal
When we see the color changing from blue to dark blue that means the buy pressure is decreasing this could be a a potential sell signal
Bull/Bear divergences supported
Added SQ signal
this signal is an exponential moving average following the SQ main signal useful for filtering fake signals.
This indicator is very powerful but offers many fake signals it is recommended using this indicator with other indicators to confirm the entries
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Trading for living!
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
Trading for living!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。