UCS_Squeeze_Momentum_Optimized_Overlay
Squeeze Overlay Indicator - Save some screen real estate.
1. Further Optimized Version
1. Further Optimized Version
Komen:
Finally the Squeeze Trigger Indicator is coming to a good position to trade. A bit more tweaks needed.
Komen:
Komen:
Uday C Santhakumar
study(shorttitle = "UCS_SQUEEZE", title="UCS_Squeeze_Momentum_Optimized_Overlay", overlay=true) length = input(20, title="Squeeze Length") multBB = input(2,title="BB MultFactor") multKC = input(1.5, title="KC MultFactor") smooth = input(20, title = "Momentum Smoothing") usebbr = input(true, title = "Use Bollinger Band Ratio Instead of Momentum", type = bool) useHAC = input(true, title = "Heikin Ashi Optimization", type=bool) // Heikin Ashi ATR Calculations haclose = ohlc4 haopen = na(haopen[1]) ? (open + close)/2 : (haopen[1] + haclose[1]) / 2 hahigh = max (high, max(haopen,haclose)) halow = min (low, min(haopen,haclose)) haatra = abs(hahigh - haclose[1]) haatrb = abs(haclose[1] - halow) haatrc = abs(hahigh - halow) haatr = max(haatra, max(haatrb,haatrc)) source = useHAC ? haclose : close // Calculate BB basis = sma(source, length) dev = multBB * stdev(source, length) upperBB = basis + dev lowerBB = basis - dev // Calculate KC ma = sma(source, length) range = useHAC ? haatr : tr rangema = sma(range, length) upperKC = ma + rangema * multKC lowerKC = ma - rangema * multKC sqzOn = (lowerBB > lowerKC) and (upperBB < upperKC) sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC) noSqz = (sqzOn == false) and (sqzOff == false) // Momentum ======> %B Indicator OR Rate of Change (ROC) momentum = usebbr ? (((source - lowerBB)/(upperBB - lowerBB))-0.5) : (((close - close[12])/close[12])*100) val = sma(momentum,smooth) scolor = noSqz ? blue : sqzOn ? red : green // Background Highlight bgcolor(scolor) // Momentum arrows positiveup = (val > 0) and (val > val[1]) positivedn = (val > 0) and (val < val[1]) negativedn = (val < 0) and (val < val[1]) negativeup = (val < 0) and (val > val[1]) plotshape (positiveup ? positiveup : na, title = "Momentum Positive & Up", style = shape.triangleup, location = location.top, color = green) plotshape (positivedn ? positivedn : na, title = "Momentum Positive & Down", style = shape.triangledown, location = location.top, color = blue) plotshape (negativeup ? negativeup : na, title = "Momentum Negative & Up", style = shape.triangleup, location = location.bottom, color = orange) plotshape (negativedn ? negativedn : na, title = "Momentum Negative & Down", style = shape.triangledown, location = location.bottom, color = red)
