Using the LazyBear's Squeeze Momentum Indicator

LazyBear's Squeeze Momentum is based on the TTM Squeeze Momentum
 
TTM Squeeze Momentum:
- is used to represent moments of low volatility (when bollinger bands curl inside the keltner channels)
- is used to represent moments of high volatility (when bollinger bands come outside the keltner channels)
- is used to detect a breakout (change in volatility from low to high) in either direction
- is on the premise that the period of low volatility is a time of consolidation that signals a big breakout is coming like a spring pressed pops up
 
Additional Indicators Used:
- Long-term Simple Moving Average (200 days)
- LuxAlgo's "Support and Resistance Levels with Breaks"

(Long Trading)
Buy signal criteria using the LazyBear's Squeeze Momentum Indicator:
- Buy Entry: A break dot after six consecutive squeeze dots or more (the more the better)
-- A break dot must come no later than four candles after the breakout
- Trend Confirmation: price is above the long-term simple moving average
- Support Confirmation: price must break and close above the most recent resistance level set by the LuxALgo's indicator
- Momentum Confirmation: price is moving in the direction of the trend (color of histogram)

Stop Loss: most recent swing low
Risk: Price - Stop Loss
Take Profit: Price + 2 * Risk

This article is based on this Youtube:
https://youtu.be/fgtfI5eAS_Y?feature=shared