OPEN-SOURCE SCRIPT

Squeeze Momentum + Volatility [LeonidasCrypto]

Based on Squeeze Momentum indicator by LazyBear

This custom version of SQ is part of my Trading System.

How to use it.

Please read the description of the original author of this indicator here.

Volatility .

When the market is contracting or sideways usually you will see red or blue dots.

Blue dots. the market is in sideways and the volatility is low.

Red dots. the market is in the climax of volatility usually after of a big move this is a potential signal the peak of the move is near.

I added volatility to SQ because I consider volatility is a key factor for trading to anticipate the moves.

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.