Squeeze Radar – How to read the Status, Signal and Bars columns

What does Fired, Out, and Momentum Shift mean in the Squeeze Radar.

Squeeze Radar Status

 
 
Squeeze for Radar Screen columns are:
Status, Signal and Bars

Status

 
Out:
Rev: 2.0 – 8/8/2008, was updated to display status Out after momentum shift until new squeeze occurs.
Basically, this is how many bars after the momentum shift until a new squeeze occurs. 

Fired:
How many bars the squeeze has Fired for currently. 

Momentum shift:
The rollover of momentum bars. Put another way, momentum shift is when two or more bars have declining momentum.
 

Signal

Is the current momentum long or short?

 

Bars

Number of bars (blue) out of a squeeze or number of bars (red) in a squeeze.