Implement SqueezeMomentum (SM) indicator #8462
Open
Add this suggestion to a batch that can be applied as a single commit.
This suggestion is invalid because no changes were made to the code.
Suggestions cannot be applied while the pull request is closed.
Suggestions cannot be applied while viewing a subset of changes.
Only one suggestion per line can be applied in a batch.
Add this suggestion to a batch that can be applied as a single commit.
Applying suggestions on deleted lines is not supported.
You must change the existing code in this line in order to create a valid suggestion.
Outdated suggestions cannot be applied.
This suggestion has been applied or marked resolved.
Suggestions cannot be applied from pending reviews.
Suggestions cannot be applied on multi-line comments.
Suggestions cannot be applied while the pull request is queued to merge.
Suggestion cannot be applied right now. Please check back later.
Description
This pull request introduces the Squeeze Momentum Indicator (SM), which combines the Bollinger Bands and Keltner Channels to identify periods of low volatility in the market, signaling potential future price movements. The indicator highlights when the market is "squeezed" and a breakout may be imminent
Related Issue
Closes #4166
Motivation and Context
The Squeeze Momentum Indicator is important for traders who wish to identify periods of consolidation in the market. By identifying when volatility is low, it helps to predict possible breakouts, enhancing decision-making for entry and exit points.
Requires Documentation Change
Yes, the documentation should be updated to include usage instructions for the Squeeze Momentum Indicator and explain its parameters.
How Has This Been Tested?
The Squeeze Momentum Indicator has been tested using historical data from the SPY and compared against values generated using the Talib library.
Types of changes
Checklist:
bug-<issue#>-<description>
orfeature-<issue#>-<description>