I have used this indicator to find many lucrative opportunities. This indicator takes the moving average of in custom, volatility-specific conditions. measures "overbought" in the red-shaded region and "Oversold" in the green-shaded region. The shaded regions do not constitute a buy/sell signal alone, the MS Squeeze is best used when market conditions agree and is best used when the user has fundamental reasoning for "reversal-like" situations to align. The MS Squeeze will soon have a synergistic partner called "MS Squeeze" indicator that will look similar to help better measure and strength trend.
About the ( )
The ( ) is an oscillator originally introduced by Donald Lambert in 1980. Since its introduction, the indicator has grown in popularity and is now a very common tool for traders in identifying cyclical trends not only in , but also equities (stocks) and currency trading.
How to set an Alert
If the user wants to set an alert, click on one of the lines (black-dashed) near the zero mark. Clicking on the horizontal line above or below the zero line will populate a yellow arrow which will allow you to set alerts when wanted.
Please Read For Better Efficiency
When using this indicator, keep an eye out for , both and patterns for "HIDDEN" breakout opportunities.
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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.