The Squeeze Momentum Candle Painter is a volatility and momentum indicator that applies the TTM Squeeze logic directly to price bar coloring. It identifies market phases of compression (squeeze) and expansion (volatility) by analyzing the relationship between Bollinger Bands and Keltner Channels. A linear regression momentum algorithm determines trend direction and strength, enabling detection of momentum shifts with minimal lag.

Key features include intuitive color coding of candles into four states—strong upward momentum (lime), weakening upward momentum (green), strong downward momentum (red), and weakening downward momentum (maroon)—which visually represent trend momentum without cluttering the chart with oscillators or histograms. The indicator’s parameters for Bollinger Bands and Keltner Channels are fully customizable to suit various timeframes and asset classes such as Forex, indices, and cryptocurrencies.

Traders can interpret the color transitions to identify consolidation phases, breakout points, and momentum weakening, aiding in entry and exit decisions. This tool integrates volatility regime, trend strength, and reversal signals into a clean, easy-to-read visualization directly on price bars.