Multi-Timeframe Squeeze Pro/DIM/Momentum/MA

3 февр. 2022 г.

IMPORTANT NOTE:

-> The table will not display any timeframes lower than the current one
-> This indicator combine multiple popular indicators and give ability to use them on Multiple timeframes (MFT)
-> Indicators used for the MFT are: Squeeze / Momentum / 10X DIM and Stacked MA (or EMA)
-> Give at glance a good way to see the trend all different timeframes
-> If you are using in combination with squeeze pro please use the one from Beardy_Fred since it matches the colours and condition used

Credits:

-> J. Welles Wilder creating the Directional Movement System (DMS) (1978); and
-> John Carter applying the DMS to create the popular Simpler Trading 10X Bars indicator.
-> Beardy_Fred creating a first version including MOM and SQZ
-> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows

I have adapted the version from Beardy_Fred to provide a more complete and customisable indicator while including also the Stacked EMA/MA for further validation

Explanation:

You can learn more about each indicators following those links:

• Squeeze Pro:
  
• 10X:
  
• Momentum Histogram:
  

The stacked EMA/MA highlights when the MA/EMA are in order:

• Red when they are stacked from the highest to the lowest
  
• Green when they are stacked from the lowest to the highest
  
• Yellow when they are stacked without a clear order
  

Customisation:

You can customise:

• Timeframes
  
• Settings for each indicators (10X/MA/Momentum/Squeeze)
  
• Colors
  
• Visibility
  

Trade Signals:

If you are going Long, Since this is a combination ideally on the timeframe you are trading you should have all green + green on the above timeframes (those colors are the default ones but can be changed)
-> Green on 10X indicator meaning you are in an uptrend
-> EMA or MA (depending on the configuration of the indicator) Green meaning EMA or MA
-> Squeeze should be Orange or Red ideally (indicating an high or medium Squeeze)
-> Momentum should be Cyan indicating an increase in momentum (while Dark Blue could indicate a reversal)

Standalone indicators:

- Squeeze Pro
- 10X Bar
- Stacked MA
- Momentum