History and credits The idea about this indicator, came from a QuantNomad custom screener. Special thanks to QuantNomad, whose courses got me started on programming on PineScript. tradingview.com/u/QuantNomad...
What it does The indicator plots various values for different indicators for the current symbol. /there is option to add 10 more symbols and create a table screener/
Current price of the ticker selected
SQN - defined by: "A measure of a market’s movement through an application of the System Quality Number calculation. To calculate, the daily changes from close to close measured in percentage terms are averaged and the standard deviation is calculated. Plugged into the SQN formula, those values and the number of days (N) provide the market SQN score." Fully customisable length for calculations. As per Dr . Tharps methodology.
Squeeze Pro - wether the ticker has created a squeeze as per John Carters methodology.
Average Directional Movement measure ( ADX )
Up vs Down volume ratio, calculated on customisable period
How to use it I use the screener as a quick overview to the major markets. Even though the symbols are customisable, I have included the main sectors and indexes and their respective equal weight counterparties.
This is fantastic! But, what time-frame are the values for? And how can we show different time-frames? I'd like to monitor the SPY for Squeezes on multiple time-frames, daily, 12 hr, 4 hr, 2 hr, 1hr, 20min .....is this possible?
This is the best tool that I've found on TradingView that gives me quick and comprehensive overview of the markets. I personally add it a couple of times on my chart in order to see as many sectors and markets as possible. Keep up the good work TintinTrading.
Karthi056
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Awesome. Thank you so much for sharing your efforts and helping us 🙏
SG_Investor
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thanks
merakshi
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hi all, on which timeframe are those values shown?
Otteri
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This makes life so much easier! Thanks.
prabhu9375
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Can you do some changes for me
Yayira
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Hi what does the colors on SQZ Pro mean ? especially the white