Red Dots + Declining Momentum below the 0-line = Sell SignalĪs a result, we will improve the chance of embarking on a successful trade.Green Dots + Rising Momentum above the 0-line = Buy Signal.Hence, by combining all the steps we can conclude that the Tradingview ttmsqueeze indicator delivers two main indications: – Check the power of the squeeze to confirm the strength of the movement.
– Examine the direction and the position of the bars on the ttm squeeze’s histogram. – Try to identify if the asset is in a squeeze or not by analyzing the price chart and the color of the dots. However, to efficiently use the ttm squeeze indicator for MT4 and capture strong signals, we should follow some simple steps: Thus, depending on the position of the bars compared to the zero-line, we can predict the next price direction.
Ttm squeeze indicator series#
Is a series of bars that indicates the current momentum. In consequence, we can describe the second element of the ttmsqueeze indicator as follow The histogram Otherwise, negative histogram bars will indicate a short squeeze that results in a future decreasing momentum. Then, it means that we should expect an increasing momentum in the market. Hence, we will identify a long squeeze if the angle of the histogram bars is positive. So, in order to determine the upcoming direction of the move, whether up or down, we should check the momentum (the MT5 ttm squeeze histogram).
It indicates that there is no more squeeze condition in the market. Thus, when the bands of the BB indicator move outside of the Keltner channel lines. The second component of the ttmsqueeze indicator is the histogram which is reflected by a momentum oscillator. Therefore, depending on their color, we can predict if the market will continue squeezing or if an explosive move in price may happen. As a result, we can define the first element of the ttm squeeze indicator Tradingview as follow: The dotsĪre directionless points that represent merely an indication of the current price movement.
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