Squeeze Pro Companion Study

 
Arrows indicate direction of momentum and likely direction of move if a breakout of a squeeze occurs. Arrow correspond to dots on the Squeeze Pro Study histogram.
 
Red Arrow if red Squeeze dot.
Black arrow if  black Squeeze dot.
Orange Arrow if orange Squeeze dot.  
 

 
 
Buy / Sell signals are a complementary study to Squeeze pro. 

The number of Trigger bars set in this indicator's settings defines how many bars back there was a change in the state of the squeeze and the type of Squeeze at the time.
 

 

What the arrows indicate  

  1. How many bars/candles ago there was a change in the state of the squeeze (including the current bar)

  2. Up arrows indicate momentum is above the histogram. Down arrows indicate momentum is short. 

  3. Color of arrow indicates the state of the squeeze at the time of the change as defined in Custom settings > Inputs > Trigger Bars.  

 
 
See the Squeeze Pro Signal Arrows example in below screenshot.
 
The input setting for trigger bars in this example is set to 3. Normally the default is 6.

   
 
1 - Orange (High Compression) Squeeze

  • Arrow indicates there was a change in the state of the squeeze 3 trigger bars back (including current bar).

  • Arrow points down indicating momentum is below the zero line on the histogram  

  • Arrow is orange indicating that, at the time of the change, the state of the Squeeze was a high compression Squeeze.   

2 - Black (Low Compression) Squeeze

  • Arrow indicates there was a change in the state of the squeeze 3 trigger bars back (including current bar).

  • Arrow points down indicating momentum is below the zero line on the histogram  

  • Arrow is black indicating that, at the time of the change, the state of the Squeeze was a low compression Squeeze.  

3 - Red (Mid Compression) Squeeze

  • Arrow indicates there was a change in the state of the squeeze 3 trigger bars back (including current bar).

  • Arrow points down indicating momentum is below the zero line on the histogram  

  • Arrow is red indicating that, at the time of the change, the state of the Squeeze was a mid compression Squeeze.  

 

 
Indicator settings for above example:

 
 
 
 
 

 

About - Squeeze Pro
https://intercom.help/simpler-trading/en/articles/3186315

Squeeze Pro Scans in TOS
https://intercom.help/simpler-trading/en/articles/5595764
 
 


 
 

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