> Exit on second blue or yellow bar or, alternatively, remain in the position after confirming a continuing trend through a separate indicator. > John Carter recommends entering a position after at least 5 black dots or wait for 1st green dot and Note: This is an ideal progression of the different types of squeezes, however any type of squeeze (and color sequence) may appear at anytime, therefore the focus is primarily on the green dots after any type of compression. Any compression squeeze is considered fired at the first green dot that appears. This indicator needs to be combined with 'TTM Wave A' (add to existing pane). This is an example where the short-term wave will react faster than the TTM to give you a signal to start building your positions. As price action leaves the squeeze, the coloring would reverse e.g. Application of the TTM squeeze and the short-term momentum TTM Wave A in action. As the price action and momentum continues to compress an orange dot shows warning of high compression. As the Bollinger bands continue to constrict within the Keltner Channels, red dots would highlight a medium compression. > Green Dots = No Squeeze / Squeeze Fired (One or both of the Bollinger Bands is outside of the 3rd (2.0 ATR) Keltner Channel).Īs the ticker enters the squeeze, black dots would warn of the beginning of a low compression squeeze. > Black Dots = Low compression / wide squeeze (One or both of the Bollinger Bands is inside the 3rd (2.0 ATR) Keltner Channels ) > Red Dots = Medium Squeeze (One or both of the Bollinger Bands is inside the 2nd (1.5 ATR) Keltner Channel) > Orange Dots = High Compression / large squeeze (One or both of the Bollinger Bands is inside the 1st (1.0 ATR) Keltner Channel) > Yellow Bars = negative, decreasing momentum (indication of a reversal in price direction) > Red Bars = negative, increasing momentum > Blue Bars = positive, decreasing momentum (indication of a reversal in price direction) > Cyan Bars = positive, increasing momentum The Histogram shows price momentum whereas the colored dots (along the zeroline) show where the Bollinger Bands are in relation to the Keltner Channels: the greater the compression, the more potential for explosive moves - less compression means more squeezing. The pro version therefore helps differentiate between levels of squeeze (compression) as the Bollinger Bands moves through the Keltner Channels i.e. > The pro version uses 1.0, 1.5 and 2.0 ATR Keltner Channels. > The original squeeze only used a 1.5 ATR Keltner Channel and > Both use a 2 standard deviation Bollinger Band The concept is that as Bollinger Bands compress within Keltner Channels, price volatility decreases, giving way for a potential explosive price movement up or down.ĭifferences between the original TTM Squeeze and TTM Squeeze Pro: ![]() This is my version of their collective works, with amendments primarily to the Squeeze Conditions to more accurately reflect the color coding used by the official TMM Squeeze Pro indicator.įor those unfamiliar with the TTM Squeeze, it is simply a visual way of seeing how Bollinger Bands (standard deviations from a simple moving average ) relate to Keltner Channels (average true range bands) compared with the momentum of the price action. ![]() > Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows > Lazybear's original interpretation of the TTM Squeeze: Squeeze Momentum Indicator If enabled, colors the price data (bars/candles) using histogram color.Īnchored Momentum, Stocks & Commodities V16:2 (89-98)Ĭomplete list of all my indicators: 5MLo/edit?usp=sharin.-> John Carter creating the TTM Squeeze and TTM Squeeze Pro Check out the histogram pane below to see an example. This is not histogram per se (indicator - signal), but is used for highlighting the crosses. If momentum smoothing is enabled, this period is used. If TRUE, enables EMA(close) to be used rather than "close". Mr.Stefenel suggests using this like other oscillators - crossing signal line, crossing zero, divergences.įor alerts, use "Momentum", "Signal" and "ZeroLine" plots. AMOM uses SMA as the reference for deriving momentum, thereby anchoring it to that MA rather than "value of close n bars back". Anchored Momentum (AMOM), by Rudy Stefenel, is a modified momentum indicator to capture the relative momentum.
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