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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
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 sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
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.