Squeeze Momentum + ADX Memo

This indicator is a comprehensive technical analysis tool that combines the volatility detection of the Squeeze Momentum with the trend strength of the ADX (Average Directional Index). It is optimized to provide a clear reading of price action across multiple timeframes.

Unlike standard oscillators, this customized version by Memo integrates a dynamic Multi-Timeframe (MTF) info panel and a visual scaling system, allowing you to monitor strength and momentum in a single pane without cluttering your price chart.

🛠 KEY FEATURES
Squeeze Momentum: Identifies compression phases (red dots) and volatility breakouts (green dots).

Dynamic ADX: ADX and DI+/DI- lines are proportionally scaled to the histogram for intuitive visualization.

Multi-Timeframe Analysis (MTF): A dedicated dashboard shows trend strength and direction (EMA 200) for both the current chart and a higher timeframe (e.g., 1D).

Divergence Detector: Automatically identifies Bullish and Bearish divergences (BULL/BEAR DIV).

Signal Labels: LONG and SHORT markers triggered when trend strength is confirmed.

📘 DETAILED USER GUIDE
1. Understanding the Elements
Histogram: Cyan/Blue (Bullish), Red/Maroon (Bearish).

Center Dots: Red dots indicate the market is "squeezing" (price compression/accumulation). Green dots indicate the squeeze has released and a trend is underway.

White Line (ADX): Above the Critical Level (23) indicates a strong trend. Below 23 suggests a range-bound or "choppy" market.

2. Trading Strategy (High Probability Setup)
LONG Entry (Buy):

Squeeze: Red dots must be present (accumulation phase).

Shift: Histogram starts moving up or changes to recovery colors.

Strength: The ADX (white line) crosses above the critical level (23).

Confirmation: DI+ (green) must be above DI- (red).

Macro Filter: The dashboard must show a BULLISH trend on the Higher Timeframe.

SHORT Entry (Sell):

Squeeze: Red dots must be present.

Shift: Histogram starts dropping with increasing momentum.

Strength: The ADX crosses above the critical level (strength is gaining on the downside).

Confirmation: DI- (red) must be above DI+ (green).

Macro Filter: The dashboard must show a BEARISH trend on the Higher Timeframe.

3. Divergences & Exits
Use the BULL DIV and BEAR DIV labels as warning signals. A divergence against your current position is a clear sign to take profits or tighten your Stop Loss.

4. Info Panel (Dashboard)
ADX Metric: If both timeframes (Current and Higher) are green, the probability of a successful trend trade increases significantly.

Trend: Based on the 200 EMA. Memo's Golden Rule: Avoid trading against the higher timeframe trend to stay away from "fakeouts."