OPEN-SOURCE SCRIPT
已更新 Another Momentum Squeeze Indicator (Mobius Based Open-Source)
Automate your pinescript/trendspider to Tradovate/Ninja-Trader! ninja-view.com
The "Another Momentum Squeeze Indicator (Open-Source)" is a comprehensive TradingView script designed for market analysis, combining momentum and volatility measurements. It consists of two main components:
Momentum Oscillator: This part calculates the normalized rate of price change, plotting it as a histogram. The oscillator indicates bullish momentum when values are positive and increasing, and bearish momentum when they are negative and decreasing. The color coding of the histogram aids in interpretation:
Green: Bullish momentum with increasing positive values.
Blue: Positive momentum slowing down, indicating a potential reduction in bullish trend strength.
Red: Bearish momentum, with current values being lower and negative.
Squeeze Indicator: This component focuses on market volatility. A 'squeeze' occurs during low volatility periods, often indicated by Bollinger Bands narrowing within Keltner Channels. The squeeze, marked in yellow, signals potential breakout points.
The indicator calculates these components as follows:
Momentum Oscillator Calculation: It first computes the mean and standard deviation of closing prices over a certain number of periods. A momentum value is then derived for each period, normalized, and smoothed to form the momentum oscillator histogram.
Squeeze Detection: The script calculates the width of a volatility band for each period and identifies a 'squeeze' when this width is comparatively low, signaling a period of consolidation.
The visual elements of the indicator include:
Momentum Histogram: A color-coded histogram representing the direction and strength of market momentum.
Squeeze Indicator Points: Plotted points indicating potential increases in market volatility.
Traders use this indicator to:
Identify potential breakout points from low volatility periods.
Gauge the strength and direction of current trends.
Anticipate significant price movements.
Note - Watch for triple tops and triple bottoms.
The "Another Momentum Squeeze Indicator (Open-Source)" is a comprehensive TradingView script designed for market analysis, combining momentum and volatility measurements. It consists of two main components:
Momentum Oscillator: This part calculates the normalized rate of price change, plotting it as a histogram. The oscillator indicates bullish momentum when values are positive and increasing, and bearish momentum when they are negative and decreasing. The color coding of the histogram aids in interpretation:
Green: Bullish momentum with increasing positive values.
Blue: Positive momentum slowing down, indicating a potential reduction in bullish trend strength.
Red: Bearish momentum, with current values being lower and negative.
Squeeze Indicator: This component focuses on market volatility. A 'squeeze' occurs during low volatility periods, often indicated by Bollinger Bands narrowing within Keltner Channels. The squeeze, marked in yellow, signals potential breakout points.
The indicator calculates these components as follows:
Momentum Oscillator Calculation: It first computes the mean and standard deviation of closing prices over a certain number of periods. A momentum value is then derived for each period, normalized, and smoothed to form the momentum oscillator histogram.
Squeeze Detection: The script calculates the width of a volatility band for each period and identifies a 'squeeze' when this width is comparatively low, signaling a period of consolidation.
The visual elements of the indicator include:
Momentum Histogram: A color-coded histogram representing the direction and strength of market momentum.
Squeeze Indicator Points: Plotted points indicating potential increases in market volatility.
Traders use this indicator to:
Identify potential breakout points from low volatility periods.
Gauge the strength and direction of current trends.
Anticipate significant price movements.
Note - Watch for triple tops and triple bottoms.
發行說明
Adjusted to fit screen better.發行說明
Adjusted again發行說明
Better Visual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。
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。
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。
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。