#Squeeze momentum indicator thinkorswim mod

The scanner does not work with tick or range charts. Below is a code which creates a squeeze study with an overlayed momentum oscillator. Discover the key features and benefits of the Squeeze Momentum Indicator, including its ability to identify market squeezes and potential breakouts. This indicator takes the moving average of CCI in custom, volatility-specific conditions. The results of the scan can be sorted by how long each symbol has been in a squeeze. This indicator and scanner can be used with stocks, futures, and forex on any time frame. There are also audio alerts to let you know when these conditions are met. The TTMSqueeze was created to find unique. The scanner allows you to search for symbols that are currently in a squeeze and/or have all three momentum indicator dots in the same color. A squeeze in the TTMSqueeze indicator reveals when a stock consolidates or rests before it makes its next big move.

#Squeeze momentum indicator thinkorswim mod

This strategy is illustrated with a white line in the second and third pictures. Here is the code: Code: Momentum Squeeze and Volume Mod 08.17.18 Mobius Added Squeeze Label with directional color Label is green when momentum is ascending, red when descending Added UI for separate Squeeze and Oscillator lenghts This code precisely replicates TTMSqueeze. A signal to exit the trade could be two candles in a row with gray dots in the middle row. When all three dots are the same color, there is a higher probability of success.Īn entry signal is when the indicator's background is blue (indicating a squeeze), and all three dots are the same color (meaning the short-term, medium-term, and long-term momentum are all in agreement). The three rows of dots represent short-term, medium-term, and long-term momentum. Here is a link to my shared grid, containing the histogram & squeeze labels: Color legend for those unfamiliar: Top row are the squeezes - Gray low squeeze, Red med squeeze (same as the original TTMSqueeze indicator) and Yellow high squeeze (this is the tightest squeeze). This TOS indicator will have a light blue background during this time of low volatility. A squeeze is when volatility is very low, and it usually means the market is about to make a big move.