Athena Momentum Squeeze - Autoview

The Athena Momentum Squeeze - Autoview tool is a momentum-based strategy designed to capture trend continuations following periods of market consolidation. By combining Bollinger Bands and Keltner Channels to identify "squeezes," it provides precise entry and exit signals optimized for high-volatility environments like the Micro Nasdaq Futures.

Usage

The strategy identifies potential breakout opportunities by monitoring the relationship between Bollinger Bands and Keltner Channels. A "squeeze" occurs when the Bollinger Bands trade within the Keltner Channels, suggesting a period of low volatility often followed by a significant price move.

Entry Signals

• Long Entry: Occurs when the squeeze releases (momentum increases) and the histogram shows specific green bar configurations (Light or Dark Green as selected in settings).
• Short Entry: Occurs when the squeeze releases and the histogram shows specific red bar configurations.

Filters & Exits

• Moving Average Filter: Users can enable a Moving Average (MA) filter to ensure trades are only taken in the direction of the long-term trend.
• Squeeze Filter: This setting requires a minimum number of "squeeze dots" (dark blue) to appear before a trade is considered valid, ensuring the consolidation phase was sufficient.
• Take Profit (TP) and Stop Loss (SL): The strategy supports multiple exit types, including ATR-based trailing stops, fixed percentages, and Risk/Reward ratios.

Details

This script is a refactored and optimized version of the classic Squeeze Momentum concept. It integrates Average Directional Index (ADX) principles and Moving Averages to refine signal quality. The implementation uses linear regression to calculate momentum values, which are then visualized via a color-coded histogram to represent the strength and direction of the trend.

Settings

Entry

• Long/Short entry: Defines which momentum bar state (Light or Dark) triggers an entry.
• Enable squeeze filter?: Toggles the requirement for a minimum consolidation period.
• Squeeze dot count: Sets the specific number of bars the market must be in a squeeze before an entry signal is valid.

Exit

• Long/Short close: Determines the histogram color state that triggers an early position closure.
• Close only in profit: If enabled, the squeeze-based exit signal will only trigger if the current trade is in a positive profit state.
• Take profit/Stop loss type: Options to set exits based on Percentage, ATR, or Risk/Reward ratios.
• ATR Length: The lookback period used for ATR-based exit calculations.

Squeeze Momentum

• BB Length/Mult: Settings for the Bollinger Bands component.
• KC Length/Mult: Settings for the Keltner Channel component.
• Use TrueRange (KC): Toggles between using True Range or a simple High-Low range for channel calculation.

Moving Average

• Enable moving average filter?: Toggles the trend-direction filter.
• Type: Selects between various MA types (SMA, EMA, HMA, VWMA, etc.).
• Length: The lookback period for the trend filter.

FAQ

How do I use the Athena Momentum Squeeze - Autoview?

Apply the strategy to your chart and adjust the Squeeze and Moving Average settings to match your preferred timeframe and asset class.

Can I automate this strategy?

Yes, the script includes "Autoview" syntax in the alert messages, allowing for automation with compatible brokers and bridge tools.

How do I get access to Athena Momentum Squeeze - Autoview?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.