OPEN-SOURCE SCRIPT
[LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntr
Aktualisiert
I have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
https://www.tradingview.com/x/VEsGNJjo/
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
https://www.tradingview.com/x/VEsGNJjo/
Versionshinweise
Tooltip updated (Show/Hide Bearish/Bullish) It now says: For a multi-sourcehistogram, hide signal groups and move indicator
to a new pane
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Updated code notesVersionshinweise
An attempt to rename the title to: 1st Gray Momentum Signals + SQZ Mom [LazyBear] ━ whvntrVersionshinweise
Great new feature: Adjust the length of the arrows in the Inputs Menu.I just made the option to shorten the length of the arrows...Enjoy!
As a note... if found no reference on the internet on how to accomplish this..
I, through trial and error, developed a path to display text via input.string in the code.
Fellow coders of Pine will appreciate this.
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Input arrangements Versionshinweise
Font adjustments Versionshinweise
Updated histogram bool value to trueVersionshinweise
Added arrow adjustments to the top of the menu..plus restored default settings Versionshinweise
Added Inlines to the Inputs MenuVersionshinweise
Added background highlightsVersionshinweise
Adjusted inlines Versionshinweise
Alerts tested and active. To use: click 🕘Alert + Condition + SQZ_MULT + (1st Gray Cross Longs or Shorts) + Trigger: "Once Per Bar Close" Background highlight feature can now be used separately.
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New chart photo for new additions Versionshinweise
Minute adjustmentVersionshinweise
Alerts UpdatedVersionshinweise
Menu arrangementsVersionshinweise
Additional alert conditions Versionshinweise
Multipurpose background highlightshttps://www.tradingview.com/x/9aM3Ff0a/
Versionshinweise
Alert messages updatedOpen-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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