![]() > Green Dots = No Squeeze / Squeeze Fired (One or both of the Bollinger Bands is outside of the 3rd (2.0 ATR) Keltner Channel). > 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: TTM Squeeze Guideįor 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. 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. > 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 > John Carter creating the TTM Squeeze and TTM Squeeze Pro > It is therefore recommended that this indicator is placed in a standalone 1min chart window, and the window resized to only show the table to avoid any issues. In such cases the behavior of security can be rather unexpected" and ![]() The main problem with such a case is that some part of a 1 minute data will be inevitably lost, as it’s impossible to display it on a 5 minutes chart and not to break the time axis. ![]() > Tradingview's own documentation explains this as follows: " It is not recommended to request data of a timeframe lower that the current chart timeframe, for example 1 minute data from a 5 minutes chart. > If the chart timeframe is higher than 1 minute, the results shown in the table for timeframes lower than the chart will not be correct 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.-> The timeframe for this indicator must be set at 1 minute.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 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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