#Is ttm squeeze a momentum indicator code

#Is ttm squeeze a momentum indicator code

#based off of code via TheBewb using existing Mobius Squeeze Momentum Of the many diff charts I run I made this avg of squeeze momentum using 6 timeframes (why? I got the idea from a study that uses 6) Im having problem with when the arrow paints the color changes for the momentum,it will paint 2 arrows (red and yellow) at once, and sometimes it does it for blue and cyan? Suggestions? To determine if an indicator brings value, analyze it over different timeframes, across history and with multiple instruments. It is up to you to play with the settings and see how the indicator line up w/ your strategy and with your other indicators. No one can possibly know what tweaks will work best for you. Most indicators need tweaking depending on the timeframe, the market, the ticker. Nothing beats personal experience The only way you will know what the plots are doing, is to observe them on your charts and how they inter-relate with your other indicators.

The best way to learn to read charts and indicators is to apply them. Here they are sorted by popularity: =5&c=1&o=replies&g=1 There are over 50 other squeeze studies on this forum.Read through and see if one of the other variations suits your needs. There are many many flavors of squeeze indicators in this thread.The simpler trading indicator is proprietary so it isn't possible to say exactly how it is calculated.The OP of this thread is no longer a member and cannot answer your questions.# If you wanted to know when the histo went from GREEN to DARK ORANGE, skipping the DARK GREEN, how would you do that?ĭef dn = momo LowerBandKCLow and UpperBandBB LowerBandKCMid and UpperBandBB LowerBandKCHigh and UpperBandBB 0 ) then 1 else 0 Īddverticalline( ismin_darkgreen, '-', color.cyan) Momentum.AssignValueColor( if PosUp then een else if PosDn then Color.dark_green else if NegDn then Color.dark_orange else if NegUp then Color.yellow else Color.YELLOW) Momentum.SetPaintingStrategy(PaintingStrategy.HISTOGRAM) Squeezeline.AssignValueColor(if ExtrSqueeze then Color.RED else if originalSqueeze then Color.YELLOW else if presqueeze then Color.DARK_ORANGE else Color.GRAY) Squeezeline.SetPaintingStrategy(PaintingStrategy.POINTS) Input trueRangeAverageType = AverageType.SIMPLE ĭef shifthigh = factorhigh * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length) ĭef shiftMid = factormid * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length) ĭef shiftlow = factorlow * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length) ĭef average = MovingAverage(averageType, price, length) ĭef UpperBandKCLow = average + shiftlow ĭef LowerBandKCLow = average - shiftlow ĭef UpperBandKCMid = average + shiftMid ĭef LowerBandKCMid = average - shiftMid ĭef UpperBandKCHigh = average + shifthigh ĭef LowerBandKCHigh = average - shifthigh ĭef K = (Highest(high, length) + Lowest(low, length)) /ĭef momo = Inertia(price - K / 2, length) ĭef dn = momo LowerBandKCLow and UpperBandBB LowerBandKCMid and UpperBandBB LowerBandKCHigh and UpperBandBB < UpperBandKCHigh

#Assembled by TheBewb using existing Mobius Squeeze Momentum coding and 'squeeze' concept made popular by John Carter.ĭef sDev = StDev(data = price, length = length) ĭef MidLineBB = MovingAverage(averageType, data = price, length = length) ĭef LowerBandBB = MidLineBB + Num_Dev_Dn * sDev ĭef UpperBandBB = MidLineBB + Num_Dev_up * sDev