![]() ![]() Thanks to and for contributing to the community and keeping their code open. I would like to give credits to other authors, for the sections of code that I have used to make this technical indicator. The main objective of having merged them into one is to make their reading more agile and comfortable and thus improve the decision-making capacity of the trader who wishes to use them. I've added and removed the above flags as I needed to query them (which became tedious for me). *You can see this setting in the second panel. Waves, and importantly, change the Linear Momentum value to 12 (this configuration can be found in his book). To configure the indicator in the same way that Carter does, it would be enough to turn off the ADX, turn on the Squeeze Momentum signals along with the T.T.M. This market reading is based on Price Volatility (Bollinger Bands and Keltner Channels interaction) and its Trend (Exponential Moving Averages), showing entries at times when price volatility is low and taking filtering active trend using T.T.M. This strategy can be consulted either in John F. ![]() Strategy 2) Squeeze Momentum and Trade The Market Waves: *You can see this setting in the first panel. Anyway you can adjust the input data according to your interest. This strategy is taught by Jaime Aibsai, which determines market entries based on reading the direction of the price movement (Directionality of the Oscillator) along with the strength of the Oscillator (Slope of the ADX).īoth tools are configured according to Jaime Abisai's strategy, by default (note that point 23 of the ADX is represented by point 0 on the panel, to make reading easier, its interpretation is not affected). Strategy 1) Squeeze Oscillator and Average Directional Index: This indicator aims to combine two good performing strategies, which can be used separately or together, mainly for investment positions, although it can also be used for intraday trading. ![]()
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