The Squeeze Momentum indicator is a tool that aims to help traders spot and capitalize on market “squeeze” situations, which often precede significant price movements. It uses a combination of Average True Range (ATR) and standard deviation calculations to identify when the market is in a squeeze—indicated by a period of lower volatility—and prepares traders for potential breakouts. With customizable settings for visual alerts and volatility boxes, it enhances the charting experience by highlighting crucial trading ranges. This indicator is suitable for traders who follow the Bollinger Bands and Keltner Channels strategies and are looking for a visual edge in their trading setup.