(JS) Sustained Velocity Squeeze IndexSo I have revamped my original SVI indicator with the new Squeeze Pro system and have fused them together to form a single and extremely versatile indicator.
First, allow me to share the description on the original SVI, as all of this still applies:
" The Sustained Velocity Index is an original indicator I've created as a means to accurately measure parabolic moves to the up or down side.
Acceleration
I have added Acceleration to the equation which you can turn on and off.
This is meant to amplify the value when the move is sustained in a given direction.
What this does is amplify the reading based on consecutive green or red candles.
You can also change the Acceleration sensitivity with 5 being the strongest and 1 being the weakest.
Length
This is rather obvious - the look back period for the math formula.
However - I did include presets that I thought best suited Daily/Weekly/Monthly which you can toggle on and off
The rest of the options are purely cosmetic;
Backgroud Off - Turn the indicator background colors on and off.
Simple Background? - This toggles a simple two shade background on and off.
Background Transparency - Allows you to adjust the transparency of the background colors.
Plot Background Off? - Allows you to toggle the background inside the plot on and off.
Plot Line Color Off? - If you don't like the way the plot line changes colors, this turns it white.
Color Scheme - Four schemes to choose from, first three are color based, the last one is a plain version.
Plot Width - Adjusts the width of the plot line on the indicator.
Plot Line Value? - Toggles a line on the indicator at the current value on and off. "
Regarding the Squeeze Pro:
" The new Squeeze Pro has three different squeeze types rather than a single signal.
White = Warning/Low Squeeze
Red = Regular/Mid Squeeze
Yellow = Power/High Squeeze "
So what does this new indicator do? well - it does everything above, for one. Also, it allows you to use these indicators (Squeeze and SVI) separately in more ways than one, or if you choose so, individually. The default layout is the SVI overlayed on top of the Squeeze Momentum which can be seen in the background allowing you to be aware of both simultaneously, and done in a way that doesn't feel cluttered.
So here''s the new features:
Squeeze Momentum Off - This is rather obvious, when selected this will only show the SVI, no squeeze overlay.
Squeeze Momentum Only - Obvious again, when this is on SVI is removed and only the Squeeze momentum appears on the indicator.
Squeeze Momentum Plot Transparency - This toggles the opacity of the Squeeze momentum when it is overlayed with SVI, so you can bring it out/fade it back more depending on your preference.
Combined Indicator - This is the really cool feature. I combined the math formulas of both the Squeeze and SVI to create a single momentum indicator, the combo indicator tends to lag the other two a bit, but is better at assessing the longer term trend.
There are 5 different color schemes as well, with the fifth being a plain grayscale bg if you aren't into all the extra stuff.
Lots of moving parts to this script! I have been using this thing now for about a week or so prior to publishing and I love it so far, hope you all do too - enjoy!
Squeezeshort
(JS) Squeeze Pro ArrowsMore Squeeze Pro continuation, this is the signals on the chart. Initial signals appear as small label up and label down icons, while if the squeeze continues to a certain interval a bigger icon will appear later in the same squeeze duration - they are all color coded to match the squeeze signals from the Squeeze Pro indicator
(JS) Squeeze Pro Early Signal CandlesThe next piece of the Squeeze Pro System - early signal candles.. These are supposed to hint at squeeze momentum before it happens - another piece of the new Squeeze Pro trading system
(JS) Squeeze ProThe new Squeeze Pro has 3 different squeeze types rather than a single signal.
White = Warning/Low Squeeze
Red = Regular/Mid Squeeze
Yellow = Power/High Squeeze
(JS) TTM Squeeze PercentageSo this is a slightly modified version of the fan favorite "Squeeze" indicator.
I did this because I wanted to compare historic movements, but the standard version calculates in whole numbers so a reading with SPX at 2800 is naturally larger than one at 1000.
What I did was I took the Lazybear script and converted it to a percentage reading rather than a reading of whole numbers.
This way - you can compare historical movements, among other things.
Whenever there's a "squeeze" that's when the icons appear on the indicator (top or bottom depending on the value).
I am also trying something new by adding preset color schemes - this is my first crack at it so I'll likely update it and improve it as time progresses (I plan to add the options on my other indicators as well).
Hope you like it!
