![]() If a squeeze fires short but the waves are clearly positive and showing bullish momentum, we may opt not to take the signal since it would be fighting the overall market trend. When a squeeze fires, we want to see that Waves are in agreement with the direction of the signal. The opposite would also be true if the wave was clearly negative. Also, Mr. If the histogram is flipping from red to green, the signal is bullish. ![]() The histogram in the indicator helps predict direction of the price action breakout. When this condition is met, price consolidation is typically followed by a move up or down. ![]() My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Squeeze Momentum Indicator shows when Bollinger Bands squeeze into the Keltner Channel. If this wave is clearly positive with all bars above the zero line, we would avoid short trades as this is an indication that the overall momentum of the market is long. Exit the position when the momentum changes (increase or decrease - signified by a color change). The C Wave is often viewed as the “anchor” for the market. The A, B and C Waves use various moving averages and oscillators to visualize the overall strength and direction of the market on short, medium and long time frames. If it is above zero, the squeeze has fired long, otherwise short. In order to determine the direction of the move, look at the histogram of the TTM Squeeze & Momentum. Once the Bollinger Bands move outside of the Keltner Channel, a squeeze has “fired”. You cannot view or modify its source code. You can favorite it to use it on a chart. This script is published closed-source but you may use it freely. The dots across the zero line of the TTM Squeeze & Momentum indicator will turn red, signifying this period market compression. Squeeze Momentum Indicator - AJ Robertson. When the Bollinger Bands (purple) go inside of the Keltner Channel (yellow), the market is said to be in a squeeze. TTM Squeeze Overlay shows Bollinger Bands and Keltner Channels. The signals are not completely reliable so it must be used in conjunction with other indicators or analysis that allows the trader to filter the signals in a better way.This is one of five indicators created to identify periods of consolidation and watch the overall market momentum to help forecast the market direction and await a release of market energy. The greater temporality is calculated by multiplying the current temporality, for example 1 hour, multiplied by 4, then the greater squeeze temporality will give the momentum of the 4-hour temporality, that the greater momentum will always be four times greater than the current temporality, although this can be changed in the settings. Its main characteristic is that it provides a signal to the trader in the form of a symbol on the starter, when the indicator shows a green alert it means that both indicators are in a bullish direction so there is a probability that the price will rise, while a red symbol indicates that both temporalities show a bearish direction, so a bearish movement is more likely In this way it allows to operate in the direction of the greater temporality but with the impulse of the current movement of the graph. The squeeze momentum PRO is a modification of an existing script that allows you to see the market movements in the form of waves, this indicator allows you to use two squeezes in a chart, the first corresponding to the current timeframe and the second to a greater timeframe. I am not the author of the original script from which this indicator was based, the script was based on the Squeeze Momentum Indicator by the author LazzyBear
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