Squeeze momentum indicator mt52/28/2024 ![]() (Description from the original author of this indicator LazyBear, all credits go to him). 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. – 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. ![]() My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. 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). Also, Mr. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. This signifies low volatility, market preparing itself for an explosive move (up or down). Exit the position when the momentum changes (increase or decrease signified by a color change). A trend direction and strength histogram based on one of the following eight oscillators: Stochastic, CCI, RSI, MACD, Momentum, Williams Range, ADX, DeMarker. 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). Bollinger Squeeze Advanced MetaTrader indicator is a complex indicator consisting of two components: A measure of trendedness based on the Bollinger bands and Keltner channel 'squeeze'. ![]()
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