Greeny

TTM Squeeze

4006 4 1005
John Carter's TTM             Squeeze indicator
Remove from Favorite Scripts Add to Favorite Scripts
// create base on http://www.dailyfx.com/forex_forum/coding-strategy-advisors-indicators-functions/237563-ttm-squeeze-indicator.html
study("TTM Squeeze") 
length = input(title="Length", type=integer, defval=20, minval=0) 
bband(length, mult) =>
	sma(close, length) + mult * stdev(close, length)
keltner(length, mult) =>
	ema(close, length) + mult * ema(tr, length)

e1 = (highest(high, length) + lowest(low, length)) / 2 + sma(close, length)
osc = linreg(close - e1 / 2, length, 0)
diff = bband(length, 2) - keltner(length, 1)
osc_color = osc[1] < osc[0] ? osc[0] >= 0 ? #00ffff : #cc00cc : osc[0] >= 0 ? #009b9b : #ff9bff
mid_color = diff >= 0 ? green : red

plot(osc, color=osc_color, style=histogram, linewidth=2)
plot(0, color=mid_color, style=circles, linewidth=3)
I think this is the best indicator of all time. Please, do you know how to set alarm based on colours change? Thank.
Reply
I love this indicator! Is there a way to make an alert based on the dots turning red? I have tried several alerts but cannot get the "Squeeze RED" dots to trigger an alert. Thanks
Reply
Hi Jonh: could you please some time to explain basics readings of your indicator. I´ve seen few respected traders using it. Thank you so much before hand !!!
Cheers and great trading !!!
Art
+4 Reply
hi,Very nice indicator ,Many thanks.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out