PROTECTED SOURCE SCRIPT
Valdex - Squeeze Momentum Indicator [MTF]
📝 TradingView Publication Description (English)
SQM-MTF: Multi-Timeframe Squeeze Momentum Indicator (v6)
This is a powerful, multi-timeframe (MTF) version of the renowned Squeeze Momentum Indicator originally developed by LazyBear, completely updated for Pine Script v6.
This version allows traders to calculate the momentum and the Teeza Squeeze status from a higher or lower timeframe than the one currently displayed on the chart, providing superior context for entries and exits.
🚀 Key Features
Multi-Timeframe (MTF) Functionality: Use the "Timeframe del Indicador" setting to select a resolution (e.g., "60" for 1-hour or "240" for 4-hour) independent of your chart's resolution.
Momentum Area Plot: The default style is set to Area for better visual continuity, instead of the traditional histogram columns.
Original Color Logic: Uses the original four-color scheme to clearly identify momentum status and acceleration/deceleration:
Bright Green/Lime: Positive Momentum, Accelerating
Dark Green: Positive Momentum, Decelerating
Bright Red: Negative Momentum, Accelerating
Dark Red/Maroon: Negative Momentum, Decelerating
Optimized for V6: Code fully updated to Pine Script v6 syntax, including optimized request.security usage.
💡 How to Use
This indicator is typically used to identify periods of low volatility (the Squeeze) that signal a potential explosive move is imminent.
Use the MTF feature to:
Find the Squeeze: Check a higher timeframe (e.g., 4H) for the Squeeze status while executing trades on a lower timeframe (e.g., 1H or 15m).
Confirm Entry: Wait for the momentum bars to cross the zero line in the desired direction on the MTF indicator, confirming the start of the trend.
📋 Notas de Publicación (Para ti)
Cuando publiques, asegúrate de añadir las siguientes etiquetas (tags) para que sea fácil de encontrar:
Tags Sugeridas: SQUEEZE, MOMENTUM, MTF, MULTITIMEFRAME, SQUEEZEMOMENTUM, LAZYBEAR, VOLATILITY, PINEV6.
Source Code (Código Fuente): Siempre incluye el código Pine Script en la parte inferior de tu descripción en TradingView.
SQM-MTF: Multi-Timeframe Squeeze Momentum Indicator (v6)
This is a powerful, multi-timeframe (MTF) version of the renowned Squeeze Momentum Indicator originally developed by LazyBear, completely updated for Pine Script v6.
This version allows traders to calculate the momentum and the Teeza Squeeze status from a higher or lower timeframe than the one currently displayed on the chart, providing superior context for entries and exits.
🚀 Key Features
Multi-Timeframe (MTF) Functionality: Use the "Timeframe del Indicador" setting to select a resolution (e.g., "60" for 1-hour or "240" for 4-hour) independent of your chart's resolution.
Momentum Area Plot: The default style is set to Area for better visual continuity, instead of the traditional histogram columns.
Original Color Logic: Uses the original four-color scheme to clearly identify momentum status and acceleration/deceleration:
Bright Green/Lime: Positive Momentum, Accelerating
Dark Green: Positive Momentum, Decelerating
Bright Red: Negative Momentum, Accelerating
Dark Red/Maroon: Negative Momentum, Decelerating
Optimized for V6: Code fully updated to Pine Script v6 syntax, including optimized request.security usage.
💡 How to Use
This indicator is typically used to identify periods of low volatility (the Squeeze) that signal a potential explosive move is imminent.
Use the MTF feature to:
Find the Squeeze: Check a higher timeframe (e.g., 4H) for the Squeeze status while executing trades on a lower timeframe (e.g., 1H or 15m).
Confirm Entry: Wait for the momentum bars to cross the zero line in the desired direction on the MTF indicator, confirming the start of the trend.
📋 Notas de Publicación (Para ti)
Cuando publiques, asegúrate de añadir las siguientes etiquetas (tags) para que sea fácil de encontrar:
Tags Sugeridas: SQUEEZE, MOMENTUM, MTF, MULTITIMEFRAME, SQUEEZEMOMENTUM, LAZYBEAR, VOLATILITY, PINEV6.
Source Code (Código Fuente): Siempre incluye el código Pine Script en la parte inferior de tu descripción en TradingView.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.