This state is represented by black crosses on the chart. The squeeze momentum indicator lazybear then checks if the BB and KC are in a squeeze state, where the lower BB is above the lower KC and the upper BB is below the upper KC. The KC is calculated as the moving average of the close price plus or minus the range (true range or high minus low, depending on user input) multiplied by the multiplier. To calculate the KC, the S queeze Momentumuses the same user-defined length (default 20) and a user-defined multiplier (default 1.5). 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. To that end, you can install the development branch and check it's correlation results.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 So it's possible you might not get the correlations I get. If you want to check it out before I update the main branch, it would be appreciated. It should now be working correctly on the development branch. "Actually I was a bit too early with v_0.3.14_ fixing the Issue. Please note, since you never provided a Pandas TA version in this discussion, I assume you are also not running Pandas TA version greater than 0.3.14 as mentioned at the beginning of this comment Your Data: TV_BINANCE_BTCUSDT_15_LBSQZ.csvĬorrelation Results with your data (TV_BINANCE_BTCUSDT_15_LBSQZ.csv): Issue #255 Data: TV_SPY_D_LINREG_LB_SQZ_CRSI.csv I am interested in your correlation results on your machine. You can run them with the code provided in Issue #255. I'll attach two csvs (one of which is your BTCUSDT 15m like in your code) manually from TV with LB's Squeeze indicator as described in this comment, in Issue #376. Nothing has changed with ta.squeeze since, I will not be doing another correlation test. 5th 2021, done a correlation test between TV and Pandas TA's squeeze in Issue #255 with 1-1 correlation. You did not run a correlation test with TV's LB's indicator values against Pandas TAs and you provided a visual test.Īgain: I have recently, Aug. Since it's not included with your source, Binance, you might as well as compare Apples and Oranges.ĭid you run a correlation test between TV and Pandas TA's squeeze or just compare visually? (A correlation test is better than a visual test.) Your data export/download does not include LB's indicator. You exported the BTCUSDT data and Lazy Bears indicator from TV first and then ran Pandas TA squeeze with the same parameter values (as TVs) with the downloaded BTCUSDT data?
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