Squeeze Momentum Pro

SQUEEZE MOMENTUM PRO - Enhanced Visual Dashboard

A modernized version of the TTM Squeeze Momentum indicator, designed for cleaner visual interpretation and faster decision-making.

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📊 WHAT IS THE SQUEEZE?
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The "squeeze" occurs when Bollinger Bands contract inside Keltner Channels, indicating extremely low volatility. This compression typically precedes explosive directional moves - the tighter the squeeze, the bigger the potential breakout.

John Carter's TTM Squeeze concept (from "Mastering the Trade") combines this volatility compression with momentum direction to identify high-probability setups.

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✨ WHAT'S NEW IN THIS VERSION
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🎯 VISUAL STATUS BAR
- Real-time squeeze state with clear labels
- Color-coded backgrounds (Red = Building, Green = Fired Bullish, Orange = Fired Bearish)
- Squeeze duration counter to gauge compression time

📊 ENHANCED HISTOGRAM
- 4-color momentum gradient (Strong Bull/Weak Bull/Weak Bear/Strong Bear)
- Instantly shows both direction AND strength
- Background shading for current market state

🔥 SQUEEZE INTENSITY GAUGE
- 5-dot pressure indicator showing compression tightness
- Percentage display of squeeze strength
- Only appears during active squeezes

📈 REAL-TIME METRICS PANEL
- Current momentum value
- Direction indicator (increasing/decreasing)
- Strength assessment (strong/weak)

🔔 COMPREHENSIVE ALERTS
- Squeeze started
- Squeeze fired (bullish/bearish)
- Momentum crossovers

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🎮 HOW TO USE
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1. WAIT FOR SQUEEZE
• Red status bar appears
• Intensity dots show compression level
• Longer duration = potentially bigger move

2. WATCH FOR RELEASE
• Status changes to "FIRED - BULLISH" or "FIRED - BEARISH"
• Histogram color confirms momentum direction
• Background highlights the event

3. MANAGE POSITION
• Monitor momentum strength in metrics panel
• Exit when histogram changes color (momentum reversal)
• Use with trend/volume confirmation

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⚙️ CUSTOMIZATION
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- Toggle status bar, metrics, intensity dots independently
- Adjustable BB/KC parameters
- Custom color schemes
- Show/hide squeeze duration

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🙏 CREDITS
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Original TTM Squeeze concept: John F. Carter
Original indicator code: LazyBear (LazyBear)

This builds on LazyBear's excellent implementation of the TTM Squeeze Momentum indicator, adding modern visual elements and real-time dashboards for improved usability.

Original indicator: "Squeeze Momentum Indicator [LazyBear]"

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⚠️ DISCLAIMER
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This indicator is for educational purposes. Always use proper risk management and combine with other forms of analysis. No indicator guarantees profitable trades.

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Best used on: Day trading timeframes (1m-15m) for momentum plays
Combine with: Volume analysis, trend filters, support/resistance levels