Ultimate Bullish Cross using Price Momentum and Volume For SwingTrading

METAL said:
Dap, Using this as upper may just have a great benefit. I have noticed so far that it does help with trend but the most impressive part is the MOVES when price goes through the average line. On a 2m TF, You can buy on the cross and have a very low risk stop out just above or below the avg line.
Click to expand...
@METAL .. Happy New Year! .. glad you like the mod. I'm adding the squeeze dots to the "zeroline" to help identify the breakouts. I'll post it here when done.
 

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Another modification: Added Mobius Squeeze V02 to the zeroline.

Ruby: 
declare upper;

input Shortlength = 13; #hint Signal Fast Line
input LongLength = 50; #hint Slow Line
input price = close;

def agg = AggregationPeriod.DAY;
def PH_D = high(period = agg)[1];
def PL_D = low(period = agg)[1];
def PM_D1 = ((high(period = agg)[1] - low(period = agg)[1])/2) + low(period = agg)[1];
def PM_D2 = ((high(period = agg)[2] - low(period = agg)[2])/2) + low(period = agg)[2];
def ZeroAdd = if PM_D1 > PM_D2 then PL_D else PH_D;
addlabel(yes, "Daily", if PM_D1 > PM_D2 then Color.Cyan else Color.Red);

#For Price Momentum
def PriceK = (Highest(high, Shortlength) + Lowest(low, Shortlength)) /
2 + ExpAverage(close, Shortlength);
def PriceKLong = (Highest(high, Longlength) + Lowest(low, Longlength)) /
2 + ExpAverage(close, Longlength);
def PriceMomo = Inertia(price - PriceK / 2, Shortlength);
def expAvgMomoPrice = SimpleMovingAvg(PriceMomo, LongLength);

def VN = SimpleMovingAvg(volume, Shortlength);
def volumeMultiplier = (volume/VN);


plot Inertias = volumeMultiplier*PriceMomo+ZeroAdd;
plot avgInertia = ExpAvgMomoPrice+ZeroAdd;


def avgBullishInertia = avgInertia > 0;
def avgBearishInertia = avgInertia < 0;

def bullishLongSignal = Inertias crosses above avgInertia and avgBullishInertia;
def bearishLongSignal = Inertias crosses below avgInertia and avgBullishInertia;
def longHoldSignal = Inertias > avgInertia and !(Inertias crosses above avgInertia) and avgBullishInertia;
def bearishPivotSignal = Inertias < bearishLongSignal and Inertias < 0 and avgBullishInertia;
def UncertainBullSignal = Inertias < bearishLongSignal and Inertias > 0 and avgBullishInertia;


def bullishShortSignal = Inertias crosses below avgInertia and avgBearishInertia;
def bearishShortSignal = Inertias crosses above avgInertia and avgBearishInertia;
def shortHoldSignal = Inertias < avgInertia and !(Inertias crosses below avgInertia) and avgBearishInertia;
def bullishPivotSignal = Inertias > bearishLongSignal and Inertias > 0 and avgBearishInertia;
def UncertainBearSignal = Inertias > bearishLongSignal and Inertias < 0 and avgBearishInertia;

AddLabel( avgBullishInertia, "Long Plays Only" , Color.CYAN);
AddLabel( bullishLongSignal, "Buy" , Color.Green);
AddLabel( bearishLongSignal, "Sell" , Color.Red);
AddLabel( longHoldSignal, "Hold Long" , Color.Green);
AddLabel(bearishPivotSignal, "Possible Bearish Pivot Point", Color.Red);
AddLabel(UncertainBullSignal, "Avoid Buys",Color.Blue);

AddLabel( avgBearishInertia, "Short Plays Only", Color.Dark_RED);
AddLabel( bullishShortSignal, "Short", Color.Green);
AddLabel( bearishShortSignal, "Cover Short", Color.Red);
AddLabel( shortHoldSignal, "Hold Short", Color.Green);
AddLabel(bullishPivotSignal, "Possible Bullish Pivot Point", Color.Green);
AddLabel(UncertainBearSignal, "Avoid Shorts",Color.Blue);

Inertias.DefineColor("Up", GetColor(1));
Inertias.DefineColor("Down", GetColor(0));
Inertias.AssignValueColor(if Inertias >= avgInertia then Inertias.color("Up") else Inertias.color("Down"));


avgInertia.SetDefaultColor(Color.RED);

# Momentum Squeeze V02
# Mobius
# V02.04.01.2020
# New faster Momentum Oscillator with outer band markers. New more accurate Squeeze indication.
input n = 20;
def c = close;
def mean = Inertia(c, n);
def SD = Sqrt((fold i = 0 to n
               with s
               do s + Sqr(mean - GetValue(c, i))) / n);
def upper = mean + (2 * SD);
def lower = mean - (2 * SD);
def W = (upper - lower) / mean;
def B = Highest(W, n * 2);
def Sq = Lowest(W, n * 2);


plot Squeeze = if ((W - Sq) / (B - Sq)) <= .01 then 0 + ZeroAdd else Double.NaN;
Squeeze.SetPaintingStrategy(PaintingStrategy.DASHES);
Squeeze.SetLineWeight(2);
Squeeze.SetDefaultColor(Color.Red);
plot zeroline = if IsNaN(close) or !IsNaN(Squeeze) then Double.NaN else 0+ZeroAdd;
zeroline.SetPaintingStrategy(PaintingStrategy.DASHES);
zeroline.SetLineWeight(2);
zeroline.SetDefaultColor(Color.Green);
 

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Last edited:
dap711 said:
Another modification: Added Mobius Squeeze V02 to the zeroline.

Ruby: 
declare upper;

input Shortlength = 13; #hint Signal Fast Line
input LongLength = 50; #hint Slow Line
input price = close;

def agg = AggregationPeriod.DAY;
def PH_D = high(period = agg)[1];
def PL_D = low(period = agg)[1];
def PM_D1 = ((high(period = agg)[1] - low(period = agg)[1])/2) + low(period = agg)[1];
def PM_D2 = ((high(period = agg)[2] - low(period = agg)[2])/2) + low(period = agg)[2];
def ZeroAdd = if PM_D1 > PM_D2 then PL_D else PH_D;
addlabel(yes, "Daily", if PM_D1 > PM_D2 then Color.Cyan else Color.Red);

#For Price Momentum
def PriceK = (Highest(high, Shortlength) + Lowest(low, Shortlength)) /
2 + ExpAverage(close, Shortlength);
def PriceKLong = (Highest(high, Longlength) + Lowest(low, Longlength)) /
2 + ExpAverage(close, Longlength);
def PriceMomo = Inertia(price - PriceK / 2, Shortlength);
def expAvgMomoPrice = SimpleMovingAvg(PriceMomo, LongLength);

def VN = SimpleMovingAvg(volume, Shortlength);
def volumeMultiplier = (volume/VN);


plot Inertias = volumeMultiplier*PriceMomo+ZeroAdd;
plot avgInertia = ExpAvgMomoPrice+ZeroAdd;


def avgBullishInertia = avgInertia > 0;
def avgBearishInertia = avgInertia < 0;

def bullishLongSignal = Inertias crosses above avgInertia and avgBullishInertia;
def bearishLongSignal = Inertias crosses below avgInertia and avgBullishInertia;
def longHoldSignal = Inertias > avgInertia and !(Inertias crosses above avgInertia) and avgBullishInertia;
def bearishPivotSignal = Inertias < bearishLongSignal and Inertias < 0 and avgBullishInertia;
def UncertainBullSignal = Inertias < bearishLongSignal and Inertias > 0 and avgBullishInertia;


def bullishShortSignal = Inertias crosses below avgInertia and avgBearishInertia;
def bearishShortSignal = Inertias crosses above avgInertia and avgBearishInertia;
def shortHoldSignal = Inertias < avgInertia and !(Inertias crosses below avgInertia) and avgBearishInertia;
def bullishPivotSignal = Inertias > bearishLongSignal and Inertias > 0 and avgBearishInertia;
def UncertainBearSignal = Inertias > bearishLongSignal and Inertias < 0 and avgBearishInertia;

AddLabel( avgBullishInertia, "Long Plays Only" , Color.CYAN);
AddLabel( bullishLongSignal, "Buy" , Color.Green);
AddLabel( bearishLongSignal, "Sell" , Color.Red);
AddLabel( longHoldSignal, "Hold Long" , Color.Green);
AddLabel(bearishPivotSignal, "Possible Bearish Pivot Point", Color.Red);
AddLabel(UncertainBullSignal, "Avoid Buys",Color.Blue);

AddLabel( avgBearishInertia, "Short Plays Only", Color.Dark_RED);
AddLabel( bullishShortSignal, "Short", Color.Green);
AddLabel( bearishShortSignal, "Cover Short", Color.Red);
AddLabel( shortHoldSignal, "Hold Short", Color.Green);
AddLabel(bullishPivotSignal, "Possible Bullish Pivot Point", Color.Green);
AddLabel(UncertainBearSignal, "Avoid Shorts",Color.Blue);

Inertias.DefineColor("Up", GetColor(1));
Inertias.DefineColor("Down", GetColor(0));
Inertias.AssignValueColor(if Inertias >= avgInertia then Inertias.color("Up") else Inertias.color("Down"));


avgInertia.SetDefaultColor(Color.RED);

# Momentum Squeeze V02
# Mobius
# V02.04.01.2020
# New faster Momentum Oscillator with outer band markers. New more accurate Squeeze indication.
input n = 20;
def c = close;
def mean = Inertia(c, n);
def SD = Sqrt((fold i = 0 to n
               with s
               do s + Sqr(mean - GetValue(c, i))) / n);
def upper = mean + (2 * SD);
def lower = mean - (2 * SD);
def W = (upper - lower) / mean;
def B = Highest(W, n * 2);
def Sq = Lowest(W, n * 2);


plot Squeeze = if ((W - Sq) / (B - Sq)) <= .01 then 0 + ZeroAdd else Double.NaN;
Squeeze.SetPaintingStrategy(PaintingStrategy.DASHES);
Squeeze.SetLineWeight(2);
Squeeze.SetDefaultColor(Color.Red);
plot zeroline = if IsNaN(close) or !IsNaN(Squeeze) then Double.NaN else 0+ZeroAdd;
zeroline.SetPaintingStrategy(PaintingStrategy.DASHES);
zeroline.SetLineWeight(2);
zeroline.SetDefaultColor(Color.Green);
Click to expand...
@dap711 I tried modifying your code above to work as a lower study and wanted to rescale it. I gave it the good ol' college try but keep getting errors about an "invalid parameter at position 3...." which is where I call on the "normalizePlot" script....Any way you could look this over and help guide me in the right direction?
Thank you in advance
Code: 
declare lower;

##----SCRIPT TO NORMALIZE PLOT----##
script normalizePlot {
    input data = close;
    input newRngMin =  -100;
    input newRngMax = 100;
    def hhData = HighestAll( data );
    def llData = LowestAll( data );
    plot nr = ((( newRngMax - newRngMin ) * ( data - llData )) / ( hhData - llData )) + newRngMin;
}

script momoPrice {

    input Shortlength = 13; #hint Signal Fast Line
    input LongLength = 50; #hint Slow Line
    input price = close;

#For Price Momentum
    def PriceK = (Highest(high, Shortlength) + Lowest(low, Shortlength)) /
2 + ExpAverage(close, Shortlength);
    def PriceKLong = (Highest(high, LongLength) + Lowest(low, LongLength)) /
2 + ExpAverage(close, LongLength);
    def PriceMomo = Inertia(price - PriceK / 2, Shortlength);
    def expAvgMomoPrice = ExpAverage(PriceMomo, LongLength);

    def VN = SimpleMovingAvg(volume, Shortlength);
    def volumeMultiplier = (volume / VN);


    plot Inertias = volumeMultiplier * PriceMomo;
    plot avgInertia = expAvgMomoPrice;



    def avgBullishInertia = avgInertia > 0;
    def avgBearishInertia = avgInertia < 0;

    def bullishLongSignal = Inertias crosses above avgInertia and avgBullishInertia;
    def bearishLongSignal = Inertias crosses below avgInertia and avgBullishInertia;
    def longHoldSignal = Inertias > avgInertia and !(Inertias crosses above avgInertia) and avgBullishInertia;
    def bearishPivotSignal = Inertias < bearishLongSignal and Inertias < 0 and avgBullishInertia;
    def UncertainBullSignal = Inertias < bearishLongSignal and Inertias > 0 and avgBullishInertia;


    def bullishShortSignal = Inertias crosses below avgInertia and avgBearishInertia;
    def bearishShortSignal = Inertias crosses above avgInertia and avgBearishInertia;
    def shortHoldSignal = Inertias < avgInertia and !(Inertias crosses below avgInertia) and avgBearishInertia;
    def bullishPivotSignal = Inertias > bearishLongSignal and Inertias > 0 and avgBearishInertia;
    def UncertainBearSignal = Inertias > bearishLongSignal and Inertias < 0 and avgBearishInertia;

    AddLabel( avgBullishInertia, "Long Plays Only" , Color.CYAN);
    AddLabel( bullishLongSignal, "Buy" , Color.GREEN);
    AddLabel( bearishLongSignal, "Sell" , Color.RED);
    AddLabel( longHoldSignal, "Hold Long" , Color.GREEN);
    AddLabel(bearishPivotSignal, "Possible Bearish Pivot Point", Color.RED);
    AddLabel(UncertainBullSignal, "Avoid Buys", Color.BLUE);

    AddLabel( avgBearishInertia, "Short Plays Only", Color.DARK_RED);
    AddLabel( bullishShortSignal, "Short", Color.GREEN);
    AddLabel( bearishShortSignal, "Cover Short", Color.RED);
    AddLabel( shortHoldSignal, "Hold Short", Color.GREEN);
    AddLabel(bullishPivotSignal, "Possible Bullish Pivot Point", Color.GREEN);
    AddLabel(UncertainBearSignal, "Avoid Shorts", Color.BLUE);

    Inertias.DefineColor("Up", GetColor(1));
    Inertias.DefineColor("Down", GetColor(0));
    Inertias.AssignValueColor(if Inertias >= avgInertia then Inertias.Color("Up") else Inertias.Color("Down"));


    avgInertia.SetDefaultColor(Color.RED);

}


script momoSqueeze {

# Momentum Squeeze V02
# Mobius
# V02.04.01.2020
# New faster Momentum Oscillator with outer band markers. New more accurate Squeeze indication.

    input n = 20;
    def c = close;
    def mean = Inertia(c, n);
    def SD = Sqrt((fold i = 0 to n
               with s
               do s + Sqr(mean - GetValue(c, i))) / n);
    def upper = mean + (2 * SD);
    def lower = mean - (2 * SD);
    def W = (upper - lower) / mean;
    def B = Highest(W, n * 2);
    def Sq = Lowest(W, n * 2);


    plot Squeeze = if ((W - Sq) / (B - Sq)) <= .01 then 50 else Double.NaN;
    Squeeze.SetPaintingStrategy(PaintingStrategy.DASHES);
    Squeeze.SetLineWeight(2);
    Squeeze.SetDefaultColor(Color.RED);
    plot zeroline = if IsNaN(close) or !IsNaN(Squeeze) then Double.NaN else 50;
    zeroline.SetPaintingStrategy(PaintingStrategy.DASHES);
    zeroline.SetLineWeight(2);
    zeroline.SetDefaultColor(Color.GREEN);
}

plot CrossA = normalizePlot(momoPrice(), momoSqueeze(), -100, 100);

##----END CODE----##
 
Last edited:
jefepollo said:
@dap711 I tried modifying your code above to work as a lower study and wanted to rescale it. I gave it the good ol' college try but keep getting errors about an "invalid parameter at position 3...." which is where I call on the "normalizePlot" script....Any way you could look this over and help guide me in the right direction?
Thank you in advance
Code: 
declare lower;

##----SCRIPT TO NORMALIZE PLOT----##
script normalizePlot {
    input data = close;
    input newRngMin =  -100;
    input newRngMax = 100;
    def hhData = HighestAll( data );
    def llData = LowestAll( data );
    plot nr = ((( newRngMax - newRngMin ) * ( data - llData )) / ( hhData - llData )) + newRngMin;
}

script momoPrice {

    input Shortlength = 13; #hint Signal Fast Line
    input LongLength = 50; #hint Slow Line
    input price = close;

#For Price Momentum
    def PriceK = (Highest(high, Shortlength) + Lowest(low, Shortlength)) /
2 + ExpAverage(close, Shortlength);
    def PriceKLong = (Highest(high, LongLength) + Lowest(low, LongLength)) /
2 + ExpAverage(close, LongLength);
    def PriceMomo = Inertia(price - PriceK / 2, Shortlength);
    def expAvgMomoPrice = ExpAverage(PriceMomo, LongLength);

    def VN = SimpleMovingAvg(volume, Shortlength);
    def volumeMultiplier = (volume / VN);


    plot Inertias = volumeMultiplier * PriceMomo;
    plot avgInertia = expAvgMomoPrice;



    def avgBullishInertia = avgInertia > 0;
    def avgBearishInertia = avgInertia < 0;

    def bullishLongSignal = Inertias crosses above avgInertia and avgBullishInertia;
    def bearishLongSignal = Inertias crosses below avgInertia and avgBullishInertia;
    def longHoldSignal = Inertias > avgInertia and !(Inertias crosses above avgInertia) and avgBullishInertia;
    def bearishPivotSignal = Inertias < bearishLongSignal and Inertias < 0 and avgBullishInertia;
    def UncertainBullSignal = Inertias < bearishLongSignal and Inertias > 0 and avgBullishInertia;


    def bullishShortSignal = Inertias crosses below avgInertia and avgBearishInertia;
    def bearishShortSignal = Inertias crosses above avgInertia and avgBearishInertia;
    def shortHoldSignal = Inertias < avgInertia and !(Inertias crosses below avgInertia) and avgBearishInertia;
    def bullishPivotSignal = Inertias > bearishLongSignal and Inertias > 0 and avgBearishInertia;
    def UncertainBearSignal = Inertias > bearishLongSignal and Inertias < 0 and avgBearishInertia;

    AddLabel( avgBullishInertia, "Long Plays Only" , Color.CYAN);
    AddLabel( bullishLongSignal, "Buy" , Color.GREEN);
    AddLabel( bearishLongSignal, "Sell" , Color.RED);
    AddLabel( longHoldSignal, "Hold Long" , Color.GREEN);
    AddLabel(bearishPivotSignal, "Possible Bearish Pivot Point", Color.RED);
    AddLabel(UncertainBullSignal, "Avoid Buys", Color.BLUE);

    AddLabel( avgBearishInertia, "Short Plays Only", Color.DARK_RED);
    AddLabel( bullishShortSignal, "Short", Color.GREEN);
    AddLabel( bearishShortSignal, "Cover Short", Color.RED);
    AddLabel( shortHoldSignal, "Hold Short", Color.GREEN);
    AddLabel(bullishPivotSignal, "Possible Bullish Pivot Point", Color.GREEN);
    AddLabel(UncertainBearSignal, "Avoid Shorts", Color.BLUE);

    Inertias.DefineColor("Up", GetColor(1));
    Inertias.DefineColor("Down", GetColor(0));
    Inertias.AssignValueColor(if Inertias >= avgInertia then Inertias.Color("Up") else Inertias.Color("Down"));


    avgInertia.SetDefaultColor(Color.RED);

}


script momoSqueeze {

# Momentum Squeeze V02
# Mobius
# V02.04.01.2020
# New faster Momentum Oscillator with outer band markers. New more accurate Squeeze indication.

    input n = 20;
    def c = close;
    def mean = Inertia(c, n);
    def SD = Sqrt((fold i = 0 to n
               with s
               do s + Sqr(mean - GetValue(c, i))) / n);
    def upper = mean + (2 * SD);
    def lower = mean - (2 * SD);
    def W = (upper - lower) / mean;
    def B = Highest(W, n * 2);
    def Sq = Lowest(W, n * 2);


    plot Squeeze = if ((W - Sq) / (B - Sq)) <= .01 then 50 else Double.NaN;
    Squeeze.SetPaintingStrategy(PaintingStrategy.DASHES);
    Squeeze.SetLineWeight(2);
    Squeeze.SetDefaultColor(Color.RED);
    plot zeroline = if IsNaN(close) or !IsNaN(Squeeze) then Double.NaN else 50;
    zeroline.SetPaintingStrategy(PaintingStrategy.DASHES);
    zeroline.SetLineWeight(2);
    zeroline.SetDefaultColor(Color.GREEN);
}

plot CrossA = normalizePlot(momoPrice(), momoSqueeze(), -100, 100);

##----END CODE----##
Click to expand...


The normalizePlot script accepts 3 parameters, but you are passing in 4.
 
jefepollo said:
@dap711 I tried modifying your code above to work as a lower study and wanted to rescale it. I gave it the good ol' college try but keep getting errors about an "invalid parameter at position 3...." which is where I call on the "normalizePlot" script....Any way you could look this over and help guide me in the right direction?
Thank you in advance
Code: 
declare lower;

##----SCRIPT TO NORMALIZE PLOT----##
script normalizePlot {
    input data = close;
    input newRngMin =  -100;
    input newRngMax = 100;
    def hhData = HighestAll( data );
    def llData = LowestAll( data );
    plot nr = ((( newRngMax - newRngMin ) * ( data - llData )) / ( hhData - llData )) + newRngMin;
}

script momoPrice {

    input Shortlength = 13; #hint Signal Fast Line
    input LongLength = 50; #hint Slow Line
    input price = close;

#For Price Momentum
    def PriceK = (Highest(high, Shortlength) + Lowest(low, Shortlength)) /
2 + ExpAverage(close, Shortlength);
    def PriceKLong = (Highest(high, LongLength) + Lowest(low, LongLength)) /
2 + ExpAverage(close, LongLength);
    def PriceMomo = Inertia(price - PriceK / 2, Shortlength);
    def expAvgMomoPrice = ExpAverage(PriceMomo, LongLength);

    def VN = SimpleMovingAvg(volume, Shortlength);
    def volumeMultiplier = (volume / VN);


    plot Inertias = volumeMultiplier * PriceMomo;
    plot avgInertia = expAvgMomoPrice;



    def avgBullishInertia = avgInertia > 0;
    def avgBearishInertia = avgInertia < 0;

    def bullishLongSignal = Inertias crosses above avgInertia and avgBullishInertia;
    def bearishLongSignal = Inertias crosses below avgInertia and avgBullishInertia;
    def longHoldSignal = Inertias > avgInertia and !(Inertias crosses above avgInertia) and avgBullishInertia;
    def bearishPivotSignal = Inertias < bearishLongSignal and Inertias < 0 and avgBullishInertia;
    def UncertainBullSignal = Inertias < bearishLongSignal and Inertias > 0 and avgBullishInertia;


    def bullishShortSignal = Inertias crosses below avgInertia and avgBearishInertia;
    def bearishShortSignal = Inertias crosses above avgInertia and avgBearishInertia;
    def shortHoldSignal = Inertias < avgInertia and !(Inertias crosses below avgInertia) and avgBearishInertia;
    def bullishPivotSignal = Inertias > bearishLongSignal and Inertias > 0 and avgBearishInertia;
    def UncertainBearSignal = Inertias > bearishLongSignal and Inertias < 0 and avgBearishInertia;

    AddLabel( avgBullishInertia, "Long Plays Only" , Color.CYAN);
    AddLabel( bullishLongSignal, "Buy" , Color.GREEN);
    AddLabel( bearishLongSignal, "Sell" , Color.RED);
    AddLabel( longHoldSignal, "Hold Long" , Color.GREEN);
    AddLabel(bearishPivotSignal, "Possible Bearish Pivot Point", Color.RED);
    AddLabel(UncertainBullSignal, "Avoid Buys", Color.BLUE);

    AddLabel( avgBearishInertia, "Short Plays Only", Color.DARK_RED);
    AddLabel( bullishShortSignal, "Short", Color.GREEN);
    AddLabel( bearishShortSignal, "Cover Short", Color.RED);
    AddLabel( shortHoldSignal, "Hold Short", Color.GREEN);
    AddLabel(bullishPivotSignal, "Possible Bullish Pivot Point", Color.GREEN);
    AddLabel(UncertainBearSignal, "Avoid Shorts", Color.BLUE);

    Inertias.DefineColor("Up", GetColor(1));
    Inertias.DefineColor("Down", GetColor(0));
    Inertias.AssignValueColor(if Inertias >= avgInertia then Inertias.Color("Up") else Inertias.Color("Down"));


    avgInertia.SetDefaultColor(Color.RED);

}


script momoSqueeze {

# Momentum Squeeze V02
# Mobius
# V02.04.01.2020
# New faster Momentum Oscillator with outer band markers. New more accurate Squeeze indication.

    input n = 20;
    def c = close;
    def mean = Inertia(c, n);
    def SD = Sqrt((fold i = 0 to n
               with s
               do s + Sqr(mean - GetValue(c, i))) / n);
    def upper = mean + (2 * SD);
    def lower = mean - (2 * SD);
    def W = (upper - lower) / mean;
    def B = Highest(W, n * 2);
    def Sq = Lowest(W, n * 2);


    plot Squeeze = if ((W - Sq) / (B - Sq)) <= .01 then 50 else Double.NaN;
    Squeeze.SetPaintingStrategy(PaintingStrategy.DASHES);
    Squeeze.SetLineWeight(2);
    Squeeze.SetDefaultColor(Color.RED);
    plot zeroline = if IsNaN(close) or !IsNaN(Squeeze) then Double.NaN else 50;
    zeroline.SetPaintingStrategy(PaintingStrategy.DASHES);
    zeroline.SetLineWeight(2);
    zeroline.SetDefaultColor(Color.GREEN);
}

plot CrossA = normalizePlot(momoPrice(), momoSqueeze(), -100, 100);

##----END CODE----##
Click to expand...

Try this for a lower study .. notice I changed the code for the "ZeroAdd":

Code: 
declare lower;

input Shortlength = 13; #hint Signal Fast Line
input LongLength = 50; #hint Slow Line
input price = close;

def ZeroAdd = 0;

#For Price Momentum
def PriceK = (Highest(high, Shortlength) + Lowest(low, Shortlength)) /
2 + ExpAverage(close, Shortlength);
def PriceKLong = (Highest(high, Longlength) + Lowest(low, Longlength)) /
2 + ExpAverage(close, Longlength);
def PriceMomo = Inertia(price - PriceK / 2, Shortlength);
def expAvgMomoPrice = SimpleMovingAvg(PriceMomo, LongLength);

def VN = SimpleMovingAvg(volume, Shortlength);
def volumeMultiplier = (volume/VN);


plot Inertias = volumeMultiplier*PriceMomo+ZeroAdd;
plot avgInertia = ExpAvgMomoPrice+ZeroAdd;


def avgBullishInertia = avgInertia > 0;
def avgBearishInertia = avgInertia < 0;

def bullishLongSignal = Inertias crosses above avgInertia and avgBullishInertia;
def bearishLongSignal = Inertias crosses below avgInertia and avgBullishInertia;
def longHoldSignal = Inertias > avgInertia and !(Inertias crosses above avgInertia) and avgBullishInertia;
def bearishPivotSignal = Inertias < bearishLongSignal and Inertias < 0 and avgBullishInertia;
def UncertainBullSignal = Inertias < bearishLongSignal and Inertias > 0 and avgBullishInertia;


def bullishShortSignal = Inertias crosses below avgInertia and avgBearishInertia;
def bearishShortSignal = Inertias crosses above avgInertia and avgBearishInertia;
def shortHoldSignal = Inertias < avgInertia and !(Inertias crosses below avgInertia) and avgBearishInertia;
def bullishPivotSignal = Inertias > bearishLongSignal and Inertias > 0 and avgBearishInertia;
def UncertainBearSignal = Inertias > bearishLongSignal and Inertias < 0 and avgBearishInertia;

AddLabel( avgBullishInertia, "Long Plays Only" , Color.CYAN);
AddLabel( bullishLongSignal, "Buy" , Color.Green);
AddLabel( bearishLongSignal, "Sell" , Color.Red);
AddLabel( longHoldSignal, "Hold Long" , Color.Green);
AddLabel(bearishPivotSignal, "Possible Bearish Pivot Point", Color.Red);
AddLabel(UncertainBullSignal, "Avoid Buys",Color.Blue);

AddLabel( avgBearishInertia, "Short Plays Only", Color.Dark_RED);
AddLabel( bullishShortSignal, "Short", Color.Green);
AddLabel( bearishShortSignal, "Cover Short", Color.Red);
AddLabel( shortHoldSignal, "Hold Short", Color.Green);
AddLabel(bullishPivotSignal, "Possible Bullish Pivot Point", Color.Green);
AddLabel(UncertainBearSignal, "Avoid Shorts",Color.Blue);

Inertias.DefineColor("Up", GetColor(1));
Inertias.DefineColor("Down", GetColor(0));
Inertias.AssignValueColor(if Inertias >= avgInertia then Inertias.color("Up") else Inertias.color("Down"));


avgInertia.SetDefaultColor(Color.RED);

# Momentum Squeeze V02
# Mobius
# V02.04.01.2020
# New faster Momentum Oscillator with outer band markers. New more accurate Squeeze indication.
input n = 20;
def c = close;
def mean = Inertia(c, n);
def SD = Sqrt((fold i = 0 to n
               with s
               do s + Sqr(mean - GetValue(c, i))) / n);
def upper = mean + (2 * SD);
def lower = mean - (2 * SD);
def W = (upper - lower) / mean;
def B = Highest(W, n * 2);
def Sq = Lowest(W, n * 2);


plot Squeeze = if ((W - Sq) / (B - Sq)) <= .01 then 0 + ZeroAdd else Double.NaN;
Squeeze.SetPaintingStrategy(PaintingStrategy.DASHES);
Squeeze.SetLineWeight(2);
Squeeze.SetDefaultColor(Color.Red);
plot zeroline = if IsNaN(close) or !IsNaN(Squeeze) then Double.NaN else 0+ZeroAdd;
zeroline.SetPaintingStrategy(PaintingStrategy.DASHES);
zeroline.SetLineWeight(2);
zeroline.SetDefaultColor(Color.Green);
 
Freddie_CM said:
Is it possible to make this work with forex pairs on thinkorswim? That would be awesome
Click to expand...
Volume in forex is the number of lots traded in a currency pair within a certain time period.
In other words, the amount of currency bought and sold.
But the ToS data feeds only track real Volume, which in the case of Forex doesn't exist.
So, it is not possible to utilize any volume indicators with Forex.
 
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