![]() ![]() When the indicator is on and the Momentum Oscillator Histogram is red, it is considered a Sell signal (this signal is supposed to be correct until two red bars in a row). When the indicator is on and the Momentum Oscillator Histogram is green, it is considered a Buy signal (this signal is supposed to be correct until two green bars in a row). To produce Buy/Sell signals, the Squeeze indicator is plotted along with Momentum Oscillator To produce Buy/Sell signals, the Squeeze indicator is plotted along with Momentum Oscillator. When the volatility increases, so does the distance between the bands, conversely, when the volatility declines, the distance also decreases and in such cases the squeeze is said to be released (indicator turns on, displayed with triangle up or triangle down shapes) The squeeze Momentum Indicator is the most popular indicator in Tradingviews public library. The Squeeze Indicator finds sections of the Bollinger Bands which fall inside the Keltner's Channels and in this case the market is said to be in a squeeze (indicator turns off, displayed with grey diamond shapes in this study) Open to feedback, questions, improvements, errors etc.The Squeeze Indicator measures the relationship between Bollinger Bands and Keltner's Channels to help identify consolidations and signal when prices are likely to break out (whether up or down). Once you enable custom date backtesting, you will see lines on the chart which can be dragged left right based on where you want to start and end the backtesting from and to. One of most crucial aspects while optimizing for backtesting is to check a strategies performance on uptrends, downtrend and sideways markets seperately as to understand the weak points of strategy. In this case it would be much more feasible to disable "Short" Trading and see results of Long Only as a built in graphic view of backtestor provides a more easy to understand data feed as compared to the performance summary in which you have to review long and short profitability separately. Many markets dont allow short trades, or are not suitable for short trades. 3) Enable and Disable Toggles of Long and Short Trades Once that is done, we should start optimizing for Long and Short TP's separately, starting with Longs first in both cases. ![]() ![]() Hence once we have a profitable backtesting setting, then we should start optimizing Long and Short SL's seperately. Many markets/pairs, go down with much more speed then they go up with. In strategies there is usually only 1 SL and 1 TP, and it is assumed that if a 2% SL giving a good profit %, then it would be best for both long and short. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). I have the colours made more predominant than the default I also am using the smooth momentum settings just below show histogram, see. The Maxx Momentum shows when a trend may be losing strength and highlights squeezes with the direction they are likely to go. Zero Crossover Line (BUY signal when crossover zero line, and SELL crossdown zero line) 2) Long Short TP and SL The 'Momentum' in this indicator is smoothed out using linear regression. Hi guys here is the new version of the Maxx Momentum. LazyBear (I have made this simple by using Kivanc technique of Momentums Moving Average Crossover, BUY when MA cross above signal line, SELL when crossdown signal line) There was no proper strategy that would allow backtesting on which further analysis could be carried out.ġ ) Strategy Logic (easily toggleable from the dropdown menu from strategy settings) The original Squeeze Momentum Strategy did not have buy sell signals and there was alot of confusion as to when to enter and exit. Used strategy template with Take Profit, Stop Loss and Enable/Disable TogglesĪll credit goes to above Problem with original version: Taken inspiration from for its buy sell calculations, Modified version of Squeeze Momentum Indicator by to version 5, ![]()
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