Squeeze indicator for TOS

[joe4422]

Just copy and paste in to the study editor




declare lower;
input Length = 20;
input price = close;
######################
def e1 = (Highest(High, length) + Lowest(low, length)) / 2 + Average(close, length);
def osc = Inertia(price - e1 / 2, length);
plot oscp = osc;

def diff = reference BollingerBandsSMA(length = 20)."upperband" - reference KeltnerChannels."Upper_Band";
plot mid = 0;
mid.AssignValueColor(if diff >= 0 then Color.UPTICK else Color.DOWNTICK);

#oscp.assignValueColor(if osc[1] < osc[0] then Color.CYAN else Color.magenta);
oscp.AssignValueColor(if osc[1] < osc[0] then
if osc[0] >= 0 then
#UpPos
CreateColor(0, 255, 255) else
#UpNeg
CreateColor(204, 0, 204)
else if osc[0] >= 0 then
#DnPos
CreateColor(0, 155, 155) else
#DnNeg
CreateColor(255, 155, 255));

oscp.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
mid.SetPaintingStrategy(PaintingStrategy.POINTS);