Squeeze Momentum Indicator Alert
- Indicators
- Biswarup Banerjee
- Version: 3.0
- Updated: 5 September 2025
- Activations: 20
Enhance your trading edge with the Squeeze Momentum Indicator Alert MT4, a versatile volatility and momentum tool inspired by John Carter's renowned TTM Squeeze strategy. Developed in the early 2000s and popularized through platforms like Thinkorswim and TradingView, this indicator combines Bollinger Bands and Keltner Channels to identify "squeezes"—periods of low volatility signaling potential explosive breakouts. Traders worldwide favor it for its ability to detect trend strength, reversals, and momentum shifts in dynamic markets like forex, cryptocurrencies, stocks, and commodities, helping to filter out ranging periods and capitalize on high-probability moves.
The Squeeze Momentum Indicator Alert MT4 excels in visualizing market compression and directional bias through a histogram that reflects momentum intensity, with color-coded bars for increasing or decreasing strength in bullish (green shades) or bearish (red shades) directions. Arrows highlight key events like squeeze on/off or crossover signals, while customizable alerts ensure you stay informed of breakouts or exits. Benefits include improved entry/exit timing during volatility expansions, reduced false signals in consolidations, and enhanced risk management for strategies like scalping, swing trading, or trend following. Non-repainting and efficient, it integrates seamlessly with EAs via buffers, offering an edge in spotting trend reversals and strength without constant chart monitoring.
Also available for MT5: Squeeze Momentum Indicator Alert MT5
Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5
Key Features
- Volatility Squeeze Detection: Utilizes Bollinger Bands (default length 20, multiplier 2.0) and Keltner Channels (default length 20, multiplier 1.5) to pinpoint low-volatility consolidations for breakout anticipation.
- Momentum Histogram: Displays positive momentum in lime green (increasing) or dark green (decreasing), and negative in coral (increasing) or red (decreasing) for clear trend strength visualization.
- Signal Arrows: Blue, white, and sky blue arrows mark squeeze phases, momentum crosses, or entry/exit points for intuitive trade cues.
- Customizable Parameters: Adjust BB/KC lengths, multipliers, and True Range usage for tailored adaptation to any market or timeframe.
- Lookback Flexibility: Analyzes up to 1000 past candles (default) for comprehensive historical context in momentum calculations.
- Exit Signal Option: Enable/disable exit alerts (default true) to refine strategies focused on trend reversals or continuations.
- Multi-Alert System: Terminal pop-ups, push notifications, and email alerts (all default enabled) for real-time notifications on squeezes, momentum shifts, or signals.
- EA Compatibility: 10 buffers expose data for histogram values, arrows, and signals, enabling automated trading integration.
- High Efficiency: Lightweight code ensures lag-free performance on MT4, suitable for backtesting and live trading across all assets.
- User-Friendly Customization: Simple inputs for alert preferences and channel settings, making it accessible for beginners while powerful for experts.
The Squeeze Momentum Indicator Alert MT4 is a must-have for traders seeking to harness volatility squeezes and momentum for superior results. Its enduring popularity arises from proven effectiveness in forecasting breakouts, assessing trend strength, and providing timely alerts, giving you a competitive advantage in volatile environments.
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#tags squeeze momentum indicator alert mt4 ttm squeeze john carter bollinger bands keltner channels volatility breakout trend reversal momentum strategy forex crypto alerts ea integration