#Squeeze momentum indicator lazy bea pro#

No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. > Exit on second blue or yellow bar or, alternatively, remain in the position after confirming a continuing trend through a separate indicator.The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian. > John Carter recommends entering a position after at least 5 black dots or wait for 1st green dot and Note: This is an ideal progression of the different types of squeezes, however any type of squeeze (and color sequence) may appear at anytime, therefore the focus is primarily on the green dots after any type of compression. Any compression squeeze is considered fired at the first green dot that appears.

As price action leaves the squeeze, the coloring would reverse e.g. As the price action and momentum continues to compress an orange dot shows warning of high compression. As the Bollinger bands continue to constrict within the Keltner Channels, red dots would highlight a medium compression. > Green Dots = No Squeeze / Squeeze Fired (One or both of the Bollinger Bands is outside of the 3rd (2.0 ATR) Keltner Channel).Īs the ticker enters the squeeze, black dots would warn of the beginning of a low compression squeeze. > Black Dots = Low compression / wide squeeze (One or both of the Bollinger Bands is inside the 3rd (2.0 ATR) Keltner Channels ) > Red Dots = Medium Squeeze (One or both of the Bollinger Bands is inside the 2nd (1.5 ATR) Keltner Channel) > Orange Dots = High Compression / large squeeze (One or both of the Bollinger Bands is inside the 1st (1.0 ATR) Keltner Channel) > Yellow Bars = negative, decreasing momentum (indication of a reversal in price direction)

> Red Bars = negative, increasing momentum > Blue Bars = positive, decreasing momentum (indication of a reversal in price direction) > Cyan Bars = positive, increasing momentum The Histogram shows price momentum whereas the colored dots (along the zeroline) show where the Bollinger Bands are in relation to the Keltner Channels: the greater the compression, the more potential for explosive moves - less compression means more squeezing.

#Squeeze momentum indicator lazy bea pro#

The pro version therefore helps differentiate between levels of squeeze (compression) as the Bollinger Bands moves through the Keltner Channels i.e. > The pro version uses 1.0, 1.5 and 2.0 ATR Keltner Channels. > The original squeeze only used a 1.5 ATR Keltner Channel and > Both use a 2 standard deviation Bollinger Band The concept is that as Bollinger Bands compress within Keltner Channels, price volatility decreases, giving way for a potential explosive price movement up or down.ĭifferences between the original TTM Squeeze and TTM Squeeze Pro: This is my version of their collective works, with amendments primarily to the Squeeze Conditions to more accurately reflect the color coding used by the official TMM Squeeze Pro indicator.įor those unfamiliar with the TTM Squeeze, it is simply a visual way of seeing how Bollinger Bands (standard deviations from a simple moving average ) relate to Keltner Channels (average true range bands) compared with the momentum of the price action. > Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows > Lazybear's original interpretation of the TTM Squeeze: Squeeze Momentum Indicator > John Carter creating the TTM Squeeze and TTM Squeeze Pro