I changed the indicator code of Lazybear to replace the linreg with the Chaikin money flow. I recommend using a Macd because the chaikin money flow can give false signals, like any other indicator.
I want to clarify a detail, there is no settings for the CMF, it is based on that of Keltner bands, there is no big difference to the eye ! If only more spikes !
jod17
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@JonathanDeneault, done !
RichardParker
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It's a great idea, but imho the result is very similar to the a smoothed CMF... not highlighting the squeeze as expected. Idea is great,
jod17
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@RichardParker, Thank you, I am only added the CMF, I did not touch the rest of the code, so the squeeze works as on the original
RichardParker
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@JonathanDeneault, Maybe do it more simple, use %B instead of the squeeze (cf. Martha Stokes). %B works great on volume.