Squeeze Momentum [LazyBear] V6 - Pine Screener [Mr_Rakun]

Squeeze Momentum Indicator with Screener [LazyBear] V6 - Modified by Mr_Rakun

Overview
This script is a modified version of the popular Squeeze Momentum Indicator originally created by LazyBear. The indicator identifies market conditions where volatility is contracting (squeeze) and expanding, helping traders spot potential breakouts or reversals. The modification by Mr_Rakun introduces a Pine Screener feature that scans for ascending and descending candles based on the Squeeze Momentum values.


Screener for Ascending and Descending Candles:

• The script includes a screener that counts and categorizes candles based on their momentum:
  
• Rising Green: Bullish momentum increasing.
  
• Falling Green: Bullish momentum decreasing.
  
• Falling Red: Bearish momentum increasing.
  
• Rising Red: Bearish momentum decreasing.
  
• Additionally, it tracks the state of the squeeze (On/Off) using colored crosses.