Description
Squeeze Momentum Boom & Crash Edition is an MQL5 build of the classic LazyBear squeeze indicator, set up for Deriv synthetic indices. It plots Bollinger Bands and Keltner Channels over the same lookback and compares them: when the Bollinger Bands contract inside the Keltner Channels the market is coiling and a gold dot appears on the zero line (squeeze ON); when they expand back outside, the dot turns grey and the stored energy is being released, which on Boom and Crash is exactly where the spike and the run that follows it tend to start. Direction comes from a linear-regression momentum histogram calculated on price de-trended against the midpoint of the recent range, so each bar measures how far price is running away from fair value rather than simply where it closed. The histogram is four-colour coded: bright green above zero and rising, dark green above zero but fading, bright red below zero and falling, dark red below zero but recovering, so acceleration and exhaustion are visible at a glance without reading a single number. A fidelity switch reproduces the original TradingView calculation exactly (the published script builds the Bollinger deviation with the Keltner multiplier), or you can force the textbook 2.0 band for a wider, more selective squeeze. Optional closed-bar mode freezes the histogram so it never repaints, and a squeeze-release alert with push notification tells you the moment a coil breaks and in which direction. Squeeze state and momentum state are exposed as separate iCustom-readable buffers, so an Expert Advisor can read the signal directly without re-deriving it. Pairs naturally with order-block and structure tools: wait for a bullish zone to form while the histogram is green, or a bearish zone while it is red. Built for Boom 1000, Crash 1000, Boom and Crash 500 and 300, Volatility, Step and Jump indices, and works equally well on forex, gold, indices and crypto. Free MT5 download.
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