The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum).
What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels .
This is interpreted as price is compressing and building up energy...
![ETHUSD: Squeeze Momentum [Plus]](https://s3.tradingview.com/3/3mQBizyn_mid.png "Squeeze Momentum [Plus]")
