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TTP SuperTrend Squeeze

91
The TTP SS, also known as Supertrend Squeezer, is a trading indicator developed from SuperTrend. It incorporates RSI (Relative Strength Index) applied to the ADX (Average Directional Index) to highlight the more reliable segments of a trend.

Riding a trend can be satisfying until it unexpectedly shifts. By steering clear of phases where a trend is overly stretched, you can identify more favorable opportunities for new entries later within the same trend's course.

The ADX is utilized to gauge areas that are excessively extended. The RSI serves to normalize the ADX readings, and a moving average (MA) of the RSI aids in identifying potential trend reversals.

While the indicator may occasionally overlook certain segments of a trend that are still viable, it offers a trade-off by potentially avoiding moments when an asset is on the verge of a reversal.

The indicator offers backtestable signals and alerts for each of the events and states.
Release Notes
Added a max normalised ADX limit to help prevent buying when trend is reversing.
Release Notes
ADX low and high limits to squeeze the best timing of the SuperTrend

risky limits: 0 to 100
medium limits: 30 to 70
conservative limits: 40 to 60

But always better to experiment using a backtester!

By defaults is set to 0 to 100

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TheTradingParrot directly.

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Author's instructions

Join our membership to gain access to the private scripts. http://www.thetradingparrot.com

Warning: please read our guide for invite-only scripts before requesting access.

TheTradingParrot
Join our membership to gain access to the private scripts.
thetradingparrot.com
Also on:
ADXATRAverage Directional Index (ADX)Average True Range (ATR)backtestableRelative Strength Index (RSI)signalssupertrend

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ADXATRAverage Directional Index (ADX)Average True Range (ATR)backtestableRelative Strength Index (RSI)signalssupertrend

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TheTradingParrot directly.

Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Join our membership to gain access to the private scripts. http://www.thetradingparrot.com

Warning: please read our guide for invite-only scripts before requesting access.

TheTradingParrot
Join our membership to gain access to the private scripts.
thetradingparrot.com
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.