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Squeeze Momentum Indicator by Giles

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Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 0%
7-Day Profit: 0%
Support: 24Ρ…7 via Telegram
Try it FreeπŸ€
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 0%
7-Day Profit: 0%
Support: Developer
Try it FreeπŸ€

Understanding the Squeeze Momentum Indicator

  • The Squeeze Momentum Indicator, originally based on the TTM Squeeze setup by John Carter, helps traders recognize low-volatility environments where price consolidation occurs.
  • When price enters a "squeeze," it suggests that the market is likely to experience an explosive movement once the squeeze is released.
  • This indicator encapsulates the principle of measuring price volatility using conjunctions of Bollinger Bands and Keltner Channels.

    • How the Squeeze Momentum Indicator Works

  • The indicator measures volatility by observing the relationship between Bollinger Bands and Keltner Channels.
  • When Bollinger Bands are entirely within the Keltner Channels, the market experiences low volatility – this is the "squeeze" period.
  • As the squeeze releases, prices break out of the tight consolidation and volatility increases dramatically πŸŽ‰.

    • Indicator Versions and Visual Elements

  • The Squeeze Momentum Indicator comes in two versions: Histogram and Line Graph.
  • In the Histogram version, a momentum oscillator indicates the expected price direction with increasing momentum above the zero line signaling potential for long positions.
  • The Line Graph version provides visual BUY/SELL signals when the main line crosses above or below the signal line πŸ”΄πŸŸ’.

    • Signals and Trading Strategy

  • Use the Histogram version by waiting for the first gray bar after a yellow dot to confirm a squeeze release.
  • If momentum is above zero when the squeeze is released, take a long position; conversely, go short if momentum is below zero.
  • For the Line Graph version, a BUY signal arises when the blue line crosses above the red signal line, while a SELL is when the blue line crosses below it.

    • Settings and Customization

  • Traders can adjust various settings including the periods for Bollinger Bands and Keltner Channels, as well as the multiplier values.
  • Customizable color settings for histograms provide visual clarity on momentum increases or decreases.
  • Alerts can be set for significant events like the start or release of a squeeze, ensuring traders remain informed in real-time πŸ“ˆ.
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