Also, Mr.Carter uses simple momentum indicator, while I have used a different method (linreg based) to plot the histogram. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Thanks UDAYCSanthakumar for bringing it to my notice. Exit the position when the momentum changes (increase or decrease - signified by a color change). Squeeze Momentum Indicator LazyBear by LazyBear TradingView Squeeze Momentum Indicator LazyBear LazyBear Wizard Oscillators Volatility lazybear custom indicators 86669 588 Fixed a typo in the code where BB multiplier was stuck at 1.5. 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). This signifies low volatility, market preparing itself for an explosive move (up or down). This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).īlack crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This is a remake of the famous LazyBear Indicator, the Squeeze Momentum Indicator.Īll i did was take out the SMA's and replace them with HMA's.
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