![]() (Description from the original author of this indicator LazyBear, all credits go to him). Are you tired of missing out on potential breakout opportunities in the market Look no further than the Squeeze Momentum Indicator by LazyBear on Tradingvie. – Book: Mastering The Trade by John F Carter Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram. GitHub - GiustiRo/squeezem-adx-ttm: PineScript 5 that combines indicators: Squeeze Momentum + ADX + TTM Waves. ![]() My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. PineScript 5 that combines indicators: Squeeze Momentum + ADX + TTM Waves. Exit the position when the momentum changes (increase or decrease - signified by a color change). Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). This signifies low volatility, market preparing itself for an explosive move (up or down). To that end, you can install the development branch and check it's correlation results.This is a derivative of John Carter’s “TTM Squeeze” volatility indicator, as discussed in his book “Mastering the Trade” (chapter 11).īlack (or white) crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). So it's possible you might not get the correlations I get. If you want to check it out before I update the main branch, it would be appreciated. It should now be working correctly on the development branch. Black dots appear on the indicator when Bollinger Bands are inside the channel. The squeeze momentum indicator is key in identifying when to enter a position during a long period of consolidation and catching a breakout to the downside(p. "Actually I was a bit too early with v_0.3.14_ fixing the Issue. Squeeze Momentum has 2 visualization types. ![]() Please note, since you never provided a Pandas TA version in this discussion, I assume you are also not running Pandas TA version greater than 0.3.14 as mentioned at the beginning of this comment Your Data: TV_BINANCE_BTCUSDT_15_LBSQZ.csvĬorrelation Results with your data (TV_BINANCE_BTCUSDT_15_LBSQZ.csv): Liked by more than 70k users, the Squeeze Momentum Indicator is the most popular strategy on the platform and has been widely discussed all over the place. Issue #255 Data: TV_SPY_D_LINREG_LB_SQZ_CRSI.csv I am interested in your correlation results on your machine. Converted to version 5, -Taken inspiration from KivancOzbilgic for its buy sell calculations, -Used Bunghole strategy template with Take Profit, Stop Loss and Enable/Disable Toggles -Added Custom Date Backtesting. You can run them with the code provided in Issue #255. Keltner Channels (KC) Bollinger Bands (BB) squeezemomentum. Modified version of Squeeze Momentum Indicator by LazyBear. I'll attach two csvs (one of which is your BTCUSDT 15m like in your code) manually from TV with LB's Squeeze indicator as described in this comment, in Issue #376. Nothing has changed with ta.squeeze since, I will not be doing another correlation test. ![]() 5th 2021, done a correlation test between TV and Pandas TA's squeeze in Issue #255 with 1-1 correlation. You did not run a correlation test with TV's LB's indicator values against Pandas TAs and you provided a visual test.Īgain: I have recently, Aug. Since it's not included with your source, Binance, you might as well as compare Apples and Oranges.ĭid you run a correlation test between TV and Pandas TA's squeeze or just compare visually? (A correlation test is better than a visual test.) This indicator gives the Speed and Acceleration of the price for a given period. Your data export/download does not include LB's indicator. Converted LazyBear Squeeze Momentum Indicator from TradingView to MQL4. You exported the BTCUSDT data and Lazy Bears indicator from TV first and then ran Pandas TA squeeze with the same parameter values (as TVs) with the downloaded BTCUSDT data? 0:00 / 11:16 Squeeze Momentum Indicator by Lazybear is the number one Indicator in tradingview and it basically runs on the logic that each and every contraction brings a.
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