![]() ![]() Look At Simple Moving Average Formula Explanation Click Here The BB is calculated as the basis (simple moving average of the close price) plus or minus the deviation (standard deviation of the close price multiplied by the multiplier). To calculate the BB, the sqzmom indicator uses the close price of the security, a user-defined length (default 20), and a user-defined multiplier (default 2.0). The SQZMOM calculates a value based on the difference between the security’s price and its moving averages, and uses this value to color the histogram bars in green or red, depending on the direction of the momentum. During low volatility periods, the BB and KC will converge, indicating a squeeze in price action. ![]() The Squeeze Momentum Indicator combines two popular indicators, the Bollinger Bands (BB) and the Keltner Channel (KC), to identify periods of low volatility, which often precede periods of high volatility and price movement. It was developed by LazyBear and is available on the TradingView platform. The Squeeze Momentum Indicator Lazybear (SQZMOM) is a technical analysis tool used to identify potential changes in a security’s price momentum. By sajeed Alert Pinescript Code, Bollinger Bands, boolean input, dnTrend, Keltner Channels, Pine language, Simple Moving Average, squeeze momentum, Squeeze Momentum Indicator, squeeze momentum indicator lazybear, SQZMOM, sqzmom indicator ![]()
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