mrtools wrote: Sat Jan 15, 2022 3:35 am Added all the averages.

Thank you Mrtools for adding the valuable Averages filters. Out of the two recent versions I seem to gravitate towards the first one you've made, so I've made a template for others who would like to try it

A bit of history on this indicator.

The Squeeze Momentum

The Squeeze Momentum was originally a derivative of John Carter's "TTM Squeeze" volatility indicator & was popularized by Lazy Bear on TradingView back in 2014.

The black dots on the median line show that the market has just entered a "Squeeze" (indicator has recognized that the Bollinger Bands are currently within the Keltner Channel). This signifies low volatility, and the market is preparing itself for an explosive move (either Up or Down). Gray crosses signify "Squeeze release".

John Carter suggests:

• Wait till the first gray dot appears after a black dot
• Take a position into the direction of the momentum eg. if momentum value is above zero, go Long
• Exit the position when the momentum changes (signified by a color change)

Below is a template to get you started as well as John Carter's book.