![]() This is my code, which also uses Radar Screen, which shows alerts for many different stocks, instruments etc. ![]() RETURN Histo as "Histogramme", Indic coloured by Indic as "Indic" Histo = LinearRegression (price - ((Highest(High) + Lowest(Low))/2 + ExponentialAverage(close))/2 ) REM Plot delta of price from Donchian mid line REM BBS_Index level at which to issue alerts REM Length for Average True Range (ATR) & Std. Is yours the same as the one i requested. ![]() (Daily chart, 8 to 10 days, hourly chart, 8 to 10 hours, etc) Yellow Histogram: Momentum is on the sell side, but buying is coming in. Green Dots: Squeeze firing, energy is being released in the form of price action, typically lasting 8 to 10 price bars. Ive posted my TTM squeeze from Prorealtime on another thread but dont get the dots. Below is a real example of using the TTMSqueeze Indicator. P.p.s cant upload but if anyone wants it for Tradestation then just PM trying to get file uploaded but keeps failing. This is indicated by the histograms failure to make a consecutive higher highs if long or consecutive lower lows of short. Stay in the trade until momentum runs out on the histogram. Once a dot turns blue and closes blue for one, five minute period (if using 5min timeframe), then go long if the histogram is green and short if histogram is red. You should at least two red dots before considering a potential squeeze. Green bars on blue dots are long signals, and red bars on blue dots are short signals. Red dots signify the contract is in a squeeze, blue dots signify that the bollinger bands have moved outside the keltner channles and volatility is increasing. If above 0 then go long if below go short. The trades signals when the bollinger bands then move back outside the keltner channels. This signals the market is taking a breather, building up steam for its next move. Your looking for quiet periods when the bollinger bands narrow in width to the point that they are actually trading inside the Keltner channels. It's based on volatility and uses Bollinger bands and keltner channels and a momentum index oscillator. Was developed by John Carter and features in his book. I use this to good effect on various timeframes and can work on any instrument. Well, I don't want people paying there hard earned cash so here it is for Tradestation. If anyone had a bit of common sense they can get this from the Tradestation forums! Take profit early (while testing this strategy manually) as i noticed that if you get a big momentum change day the whole option value can go to even very fast.Theres a few things that really get my back up and that is people copying others ideas and then SELLING IT as there own.Ī well known commercial trading company are selling the Squeeze indicator for £295.Other more aggressive tests would be to enter a position early when red dot changes to black (high squeeze to low squeeze) and increase position when it changes to green dot (squeeze released/no squeeze).When momentum changes from Aqua to Blue close Calls, from Red to Yellow close Puts.Buy Puts on the first GREEN dot (when squeeze starts) if bearish momentum (Red bars).Buy Calls on the first GREEN dot (when squeeze starts) if bullish momentum (Aqua bars).The indicator momentum values seem to be off by 1 day compared to TradingView.The backtest if ran on QC will result in this chart that can show the same visualisation: The Squeeze Chart A squeeze in the TTMSqueeze indicator reveals when a stock consolidates or rests before it makes its next big move. I'm sharing just the indicator here in the hopes of getting the community to offer improvement suggestions of how this can be done better. It uses Bollinger Bands and Keltner Channels to determine when a squeeze is happening. This implementation is derived from the John Carter TTM Squeeze indicator that he discussed in his book “Mastering the Trade”. I would like to share one of the most popular indicators on TradingView called Squeeze Momentum Indicator done by LazyBear.
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