MaxxCharts

Maxx Momentum + TTM Squeeze

Hi guys here is the new version of the Maxx Momentum. The Maxx Momentum shows when a trend may be losing strength and highlights squeezes with the direction they are likely to go. I have the colours made more predominant than the default I also am using the smooth momentum settings just below show histogram, see settings here = https://i.gyazo.com/e829a497f5a6119f1c81...

Other things to look for are; is it squeezing and who has the momentum, is it with the bulls or bears ( white above or below orange).

Is there any divergence? If there is wait for the white to cross over the signal line and then start looking for the trade.

You can also use it to see where the current trend is, if it's above or below the zeroiline, and is the white (momentum) above or below the orange (signal line). I have been finding good success using it on the 4hr, but for the long term squeezes the daily and above seems to work quite well.

Feel free to mess around with the settings if you wish, I currently have is set to using a TEMA as the signal line.

If you have any questions drop them below or send me a message.
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Comments

What does those dots represent? Kindly reply
+4 Reply
monkreet Millenial_Monk
@Millenial_Monk,

They Represent Squeezes - The Orange Dots are The "Loose TTM Fire" also know as a Loose Squeeze and the Green Dots are The "Strict TTM Fire" also known as a Strict Squeeze or Tight Squeeze.

If you turn on your Bollinger Bands and Keltner Channels you will notice that;

-Orange is when one side of the Bollinger Band fits inside the Keltner Channel.
-Green is when Both the Upper and Lower Channels of the Bollinger Bands fit inside the Keltner Channel.

They can be in either direction Long or Short Squeezes,
Long Squeeze means (Preventing the price going Up) and
Short Squeeze means (Preventing the price from going Down).

:)
Reply
Thank you very much, greetings from Turkey
+1 Reply
Really digging this one! I'd love to have access to the code to create some alerts. I'm finding great success by further filtering for entries that have confluence with signals from slower oscillators to use it on shorter timeframes. Buying "green dips" that test the orange signal line on the Maxx Momentum is also extremely reliable. Really powerful tool. Thanks for sharing!
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Man, this is a great work. I didn't listen to you in the video talking about early entry signals when momentum and signal lines cross each other. But that is, just like in the WT Oscillator.
Any chance we can set up alerts on the cross of those lines?
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Hey, i am wondering if its possible to get source code of this study?
thanks you
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Hey Maxx, Just dropping in to say thank you again.
Still using it over 1 Year later. Would love to get the source :)
Reply
Great work
Reply
Hello, can I get access to this useful indicator? Thank you very much!
Reply
angelgg Julie_Nguyen
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