UCS_Squeeze_Timing-V3 ‒ Indikator av UDAY_C_Santhakumar

Another Version with More Features . I am confident enough this works fine now. I am Sure this will be a valuable tool for you guys who love squeezes.

///////////////// This can be further optimized, Let me know with a comment, if you still need this to be optimized.

Squeeze Momentum Indicator [Complete Package]

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This update includes

- Added Options to detect squeeze using Heikin Ashi Candle
- Added Options to use BBR or Momentum (ROC) for the Momentum Histogram
- Custom Momentum Smoothing time period
- Removed the Separate Look back periods for BB/KC - Since it doesn't really make sense using different lengths for KC and BB.

HA Closes can be really helpful in trading ETFs like FXE, GLD, FXY, SLV etc, which constantly gaps on daily basis. This helps in smoothing out. And most Importantly it Lines up with the Underlying's Squeeze.

[The Next Major Version is currently being Back tested with better timing triggers etc...... That will replace all other Squeeze indicators in the market - Some Major upgrades have been done to the squeezes to read the consolidation is with support or resistance. Also plan on adding best bet entries and pre-breakout signals. So far so good, this recent contradicting trends in daily / weekly in the market is making the indicator hard to work per theory]

The delay is because, I do not like to post any script (with signals) without sufficient back testing . I will not post these indicator with signals, unless I am sure it works per my theoretical derivations.

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Thanks for Being Patient and all your support.

Until then - Good Luck Trading.

Uday C Santhakumar

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// Variation - Lazybear Squeeze Indicator
// Recreated and Modified by UCSgears
// Added Options to detect squeeze using Heikin Ashi Candle
// Added Options to use BBR or Momentum (ROC) for the Momentum Histogram
// Custom Momentum Smoothing
// Removed the Seperate Lookback periods for BB/KC - Since this doesn't really make sense in using a different lengths. 

study(shorttitle = "UCS_SQUEEZE_Timing_V3", title="Squeeze Momentum Timing and Direction - Version 3", overlay=false)

length = input(20, title="Squeeze Length")
multBB = input(2,title="BB MultFactor")
multKC = input(1.5, title="KC MultFactor")
smooth = input(20, title = "Momentum Smoothing")

usebbr = input(true, title = "Use Bollinger Band Ratio", type = bool)
useHAC = input(true, title = "Use Heikin Ashi Candle", type=bool)
useTrueRange = input(true, title="Use TrueRange (KC)", type=bool)

// Calculate BB
source = useHAC ? ohlc4 : close
basis = sma(source, length)
dev = multBB * stdev(source, length)
upperBB = basis + dev
lowerBB = basis - dev

// Calculate KC
ma = sma(source, length)
range = useTrueRange ? tr : (high - low)
rangema = sma(range, length)
upperKC = ma + rangema * multKC
lowerKC = ma - rangema * multKC

sqzOn  = (lowerBB > lowerKC) and (upperBB < upperKC)
sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC)
noSqz  = (sqzOn == false) and (sqzOff == false)

momentum = usebbr ? (((source - lowerBB)/(upperBB - lowerBB))-0.5) : (((close - close[12])/close[12])*100)

val = sma(momentum,smooth)

bcolor = iff( val > 0, 
            iff( val > nz(val[1]), green, blue),
            iff( val < nz(val[1]), red, orange))
scolor = noSqz ? blue : sqzOn ? red : green 
plot(val, color=bcolor, style=histogram, linewidth=3)
plot(0, color=scolor, style=circles, linewidth=3)