### **Squeeze Momentum Indicator with Stacked EMAs**
#### **Description:** This indicator is an enhanced version of the **Squeeze Momentum Indicator** (originally by John Carter and later modified by LazyBear). It identifies **periods of consolidation (squeeze)** and signals potential **explosive price moves** when momentum shifts. The added **stacked EMA concept** further refines entry signals by confirming trend strength. This is also an update to version 6 of PineScript
#### **How to Use:** The indicator provides **three different entry tactics**, allowing traders to choose signals based on their strategy:
1. **Inside Day Pattern** – Detects inside candles, which indicate potential breakouts when volatility contracts. 2. **Consecutive Black Crosses (Squeeze Signal)** – A certain number of black crosses (low volatility periods) suggests a strong move is coming. 3. **Stacked EMA Concept** – When the **8 EMA > 21 EMA > 34 EMA**, combined with a momentum shift from negative to positive, it signals a **high-probability bullish entry**.
#### **Visual Cues:** - **Histogram Bars**: Show momentum (green for increasing bullish, red for increasing bearish). - **Black & Gray Dots**: Represent different squeeze states (low volatility vs. breakout conditions). - **🔥 Bullish Label**: Appears when the stacked EMAs align and momentum shifts from negative to positive.
#### **Best Practices:** - Look for **momentum shifts during a squeeze** for high-probability trades. - Use **stacked EMAs as trend confirmation** before entering. - Combine with **price action and volume analysis** for additional confluence.
This indicator helps traders **anticipate major price moves** rather than react, making it a powerful tool for trend-following and breakout strategies. 🚀
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.