OPEN-SOURCE SCRIPT
Diupdate [LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntr
I have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "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). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
https://www.tradingview.com/x/VEsGNJjo/
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "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). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
https://www.tradingview.com/x/VEsGNJjo/
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Tooltip updated (Show/Hide Bearish/Bullish) It now says: For a multi-sourcehistogram, hide signal groups and move indicator
to a new pane
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Updated code notesCatatan Rilis
An attempt to rename the title to: 1st Gray Momentum Signals + SQZ Mom [LazyBear] ━ whvntrCatatan Rilis
Great new feature: Adjust the length of the arrows in the Inputs Menu.I just made the option to shorten the length of the arrows...Enjoy!
As a note... if found no reference on the internet on how to accomplish this..
I, through trial and error, developed a path to display text via input.string in the code.
Fellow coders of Pine will appreciate this.
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Input arrangements Catatan Rilis
Font adjustments Catatan Rilis
Updated histogram bool value to trueCatatan Rilis
Added arrow adjustments to the top of the menu..plus restored default settings Catatan Rilis
Added Inlines to the Inputs MenuCatatan Rilis
Added background highlightsCatatan Rilis
Adjusted inlines Catatan Rilis
Alerts tested and active. To use: click 🕘Alert + Condition + SQZ_MULT + (1st Gray Cross Longs or Shorts) + Trigger: "Once Per Bar Close" Background highlight feature can now be used separately.
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New chart photo for new additions Catatan Rilis
Minute adjustmentCatatan Rilis
Alerts UpdatedCatatan Rilis
Menu arrangementsCatatan Rilis
Additional alert conditions Catatan Rilis
Multipurpose background highlightshttps://www.tradingview.com/x/9aM3Ff0a/
Catatan Rilis
Alert messages updatedSkrip open-source
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.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip open-source
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.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.