About – Squeeze Pro Signals
Squeeze Pro Companion Study
- “Buy” and “sell” arrows indicate momentum direction, and the triggered state of squeeze a specified number of bars back.
- 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 do the arrows indicate?
- How many bars/candles ago there was a change in the state of the squeeze (including the current bar)
- Up arrows indicate momentum is above the histogram. Down arrows indicate momentum is short.
- 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:
