Master Market Volatility Without Chart Clutter

The Squeeze Momentum Candle Painter is a sophisticated volatility and momentum indicator based on the classic TTM Squeeze logic. Instead of filling your screen with oscillators, this tool intelligently colors your price bars, allowing you to identify high-probability explosive moves and trend shifts while keeping your main chart clean and professional.

Overview

The market transitions between two states: Compression (Squeeze) and Expansion (Volatility). This indicator uses the relationship between Bollinger Bands and Keltner Channels to identify these phases, combined with a Linear Regression momentum algorithm to determine trend direction and strength.

Key Features

• • Intuitive Color Coding: Instantly recognize trend momentum through 4 distinct candle colors.
  • TTM Squeeze Algorithm: Built-in calculation of price compression and momentum slope.
  • Clean UI Design: Eliminates the need for a separate histogram window, giving you more space for price action analysis.
  • Fully Customizable: Adjust Bollinger Band and Keltner Channel parameters to fit any timeframe or asset class (Forex, Indices, or Crypto).
  • Zero Lag Logic: Uses linear regression to detect momentum shifts faster than traditional moving averages.

How to Read the Colors :

• • Lime » Strong upward momentum (Increasing)
  • Green » Weakening upward momentum (Slowing down)
  • Red » Strong downward momentum (Increasing)
  • Maroon » Weakening downward momentum (Slowing down)

The Trading Strategy

The Build-up: When momentum is low (Maroon or Green), the market is often "squeezing" or consolidating.
The Breakout: Look for a transition from Green to Lime (Bullish) or Maroon to Red (Bearish). This indicates momentum is accelerating.
The Exit: When a Lime candle turns Green, or a Red candle turns Maroon, it signals that the current move is losing steam—a perfect time to take profits or tighten Stop Losses.

Why Choose This Indicator?

Most traders fail because they react too late. The Squeeze Momentum Candle Painter visualizes the "internal" energy of the market. By watching the candle colors shift, you gain a psychological edge, staying in winning trades longer and exiting before the reversal hits.