OPEN-SOURCE SCRIPT
Ultimate Squeeze & Breakout
Title: Ultimate Squeeze & Breakout [Volatility + Momentum]
Description: This professional volatility indicator utilizes the power of Bollinger Bands and Keltner Channels to identify high-probability consolidation zones and explosive breakouts. It is designed to help traders spot "The Squeeze"—a critical period of low volatility where the market builds potential energy before a significant directional move.
How It Works:
1. The Energy (The Squeeze): Using the classic TTM Squeeze logic, the indicator monitors the relationship between price volatility (Bollinger Bands) and average range (Keltner Channels).
Red Cloud: Volatility is compressed. The Bollinger Bands have contracted inside the Keltner Channels. The market is coiling like a spring. This is the Setup Phase.
2. The Breakout (The Release): When price expands and closes outside the bands, the energy is released.
Momentum Filter: A unique filter checks the slope of the 20-period Basis Line (SMA). Breakout colors only trigger if the momentum slope agrees with the breakout direction, helping to filter out weak "fakeouts."
Visual Guide:
☁️ Cloud Colors (Volatility State):
🟥 Red: Squeeze ON (Consolidation/No Trade).
🟣 Fuchsia: Bullish Momentum Breakout.
🔵 Blue: Bearish Momentum Breakout.
⬜ Gray/Green: Normal Trending (Neutral).
Features:
Smart Filters: Breakouts are validated by the underlying momentum slope.
Trend Coloring: Option to switch the neutral trending cloud between Gray and Green.
Precision Tuning: Decimal inputs allow for fine-tuning of Standard Deviation and ATR multipliers.
Alerts: Full alert support for Squeeze Start, Bullish Breakouts, and Bearish Breakouts.
Credits: This script is built upon the foundational TTM Squeeze concept popularized by John Carter, enhanced with dynamic coloring and momentum filtering.
Description: This professional volatility indicator utilizes the power of Bollinger Bands and Keltner Channels to identify high-probability consolidation zones and explosive breakouts. It is designed to help traders spot "The Squeeze"—a critical period of low volatility where the market builds potential energy before a significant directional move.
How It Works:
1. The Energy (The Squeeze): Using the classic TTM Squeeze logic, the indicator monitors the relationship between price volatility (Bollinger Bands) and average range (Keltner Channels).
Red Cloud: Volatility is compressed. The Bollinger Bands have contracted inside the Keltner Channels. The market is coiling like a spring. This is the Setup Phase.
2. The Breakout (The Release): When price expands and closes outside the bands, the energy is released.
Momentum Filter: A unique filter checks the slope of the 20-period Basis Line (SMA). Breakout colors only trigger if the momentum slope agrees with the breakout direction, helping to filter out weak "fakeouts."
Visual Guide:
☁️ Cloud Colors (Volatility State):
🟥 Red: Squeeze ON (Consolidation/No Trade).
🟣 Fuchsia: Bullish Momentum Breakout.
🔵 Blue: Bearish Momentum Breakout.
⬜ Gray/Green: Normal Trending (Neutral).
Features:
Smart Filters: Breakouts are validated by the underlying momentum slope.
Trend Coloring: Option to switch the neutral trending cloud between Gray and Green.
Precision Tuning: Decimal inputs allow for fine-tuning of Standard Deviation and ATR multipliers.
Alerts: Full alert support for Squeeze Start, Bullish Breakouts, and Bearish Breakouts.
Credits: This script is built upon the foundational TTM Squeeze concept popularized by John Carter, enhanced with dynamic coloring and momentum filtering.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.