OPEN-SOURCE SCRIPT
更新済 Another Momentum Squeeze Indicator (Mobius Based Open-Source)
Automate your pinescript/trendspider to Tradovate/Ninja-Trader! ninja-view.com
The "Another Momentum Squeeze Indicator (Open-Source)" is a comprehensive TradingView script designed for market analysis, combining momentum and volatility measurements. It consists of two main components:
Momentum Oscillator: This part calculates the normalized rate of price change, plotting it as a histogram. The oscillator indicates bullish momentum when values are positive and increasing, and bearish momentum when they are negative and decreasing. The color coding of the histogram aids in interpretation:
Green: Bullish momentum with increasing positive values.
Blue: Positive momentum slowing down, indicating a potential reduction in bullish trend strength.
Red: Bearish momentum, with current values being lower and negative.
Squeeze Indicator: This component focuses on market volatility. A 'squeeze' occurs during low volatility periods, often indicated by Bollinger Bands narrowing within Keltner Channels. The squeeze, marked in yellow, signals potential breakout points.
The indicator calculates these components as follows:
Momentum Oscillator Calculation: It first computes the mean and standard deviation of closing prices over a certain number of periods. A momentum value is then derived for each period, normalized, and smoothed to form the momentum oscillator histogram.
Squeeze Detection: The script calculates the width of a volatility band for each period and identifies a 'squeeze' when this width is comparatively low, signaling a period of consolidation.
The visual elements of the indicator include:
Momentum Histogram: A color-coded histogram representing the direction and strength of market momentum.
Squeeze Indicator Points: Plotted points indicating potential increases in market volatility.
Traders use this indicator to:
Identify potential breakout points from low volatility periods.
Gauge the strength and direction of current trends.
Anticipate significant price movements.
Note - Watch for triple tops and triple bottoms.
The "Another Momentum Squeeze Indicator (Open-Source)" is a comprehensive TradingView script designed for market analysis, combining momentum and volatility measurements. It consists of two main components:
Momentum Oscillator: This part calculates the normalized rate of price change, plotting it as a histogram. The oscillator indicates bullish momentum when values are positive and increasing, and bearish momentum when they are negative and decreasing. The color coding of the histogram aids in interpretation:
Green: Bullish momentum with increasing positive values.
Blue: Positive momentum slowing down, indicating a potential reduction in bullish trend strength.
Red: Bearish momentum, with current values being lower and negative.
Squeeze Indicator: This component focuses on market volatility. A 'squeeze' occurs during low volatility periods, often indicated by Bollinger Bands narrowing within Keltner Channels. The squeeze, marked in yellow, signals potential breakout points.
The indicator calculates these components as follows:
Momentum Oscillator Calculation: It first computes the mean and standard deviation of closing prices over a certain number of periods. A momentum value is then derived for each period, normalized, and smoothed to form the momentum oscillator histogram.
Squeeze Detection: The script calculates the width of a volatility band for each period and identifies a 'squeeze' when this width is comparatively low, signaling a period of consolidation.
The visual elements of the indicator include:
Momentum Histogram: A color-coded histogram representing the direction and strength of market momentum.
Squeeze Indicator Points: Plotted points indicating potential increases in market volatility.
Traders use this indicator to:
Identify potential breakout points from low volatility periods.
Gauge the strength and direction of current trends.
Anticipate significant price movements.
Note - Watch for triple tops and triple bottoms.
リリースノート
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Better Visualオープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。