!Early In-N-Out Indicator
Define early entry and exit signals with the ST Early In-N-Out Indicator!
What is the Early In-N-Out Indicator?
The Early In-N-Out indicator is essentially an advance Squeeze signal.
How to read the Early In-N-Out Indicator
The indicator consists solely of a custom coloration of the price bars and uses the following mapping:
Green - A volatility squeeze is currently in progress but is showing signs of expansion. Technically speaking, the Bollinger Bands are inside the Keltner Channels but have begun to expand outward indicating a squeeze may “fire” soon.
Light Blue - Momentum is trending strongly upward and increasing.
Dark Blue - Momentum is trending upward but is no longer increasing in strength. You will note that the bars will generally turn dark blue before the accompanying momentum shift shows on the traditional squeeze indicator. 4. Red - Momentum is trending strongly downward and increasing.
Yellow - Momentum is trending downward but is no longer increasing in strength. You will note that the bars will generally turn yellow before the accompanying momentum shift shows on the traditional squeeze indicator.
Using the Chart Indicator:
1. Select a thinkorswim chart window.
2. Click the “Edit Studies” dropper icon.
3. From the Studies list on the left choose ST_EarlyInNOut and either double click the name or right click and choose “Add Study”.
4. The indicator is designed to be a companion indicator to the traditional Squeeze and provides cues for both early entries and exits.