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squeeze momentum indicator
// Disclaimer: This script is for educational purposes only and does not constitute financial advice. Use at your own risk.
The Squeeze Momentum Indicator (SQZMOM_LB) by LazyBear is a volatility and momentum-based indicator. It identifies low-volatility squeeze phases and momentum direction, helping traders spot potential breakouts and reversals. double EMA smoothing and a mathematical transformation to enhance trend detection.
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