#SQUEEZE MOMENTUM INDICATOR THINKORSWIM CODE#

The volatility component of the TTM Squeeze indicator measures price compression using Bollinger. CCI Momentum Squeeze Indicator for ThinkorSwim useThinkScript 7.53K subscribers Subscribe 21 Share 1. Momentum.AssignValueColor( if PosUp then een else if PosDn then Color.dark_green else if NegDn then Color.red else if NegUp then Color.dark_red else Color. TTM Squeeze is a volatility and momentum indicator introduced by John Carter of Trade the Markets (now Simpler Trading), which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range.

#SQUEEZE MOMENTUM INDICATOR THINKORSWIM CODE#

In the thinkScript tab, paste the indicator code as our starting point.

Choose 'Custom' from the next dropdown menu. Add a filter by clicking on the 'Add Filter' button, and selecting 'Study' from the dropdown menu. Momentum.SetPaintingStrategy(PaintingStrategy.HISTOGRAM) Copy the code for the Wilder's Momentum Concept indicator from earlier in the tutorial. Crossing above the zero line and further rising may signify uptrend acceleration while reversal to zero could mean that the trend is decelerating. This very basic indicator is based on four criteria laid out by Tylor Horton of Focused Trades (now with Simpler Trading folks) that he uses for his method of trading squeeze setups. My first attempt at Thinkscript - feedback very much welcomed. Squeezeline.AssignValueColor(if ExtrSqueeze then Color.RED else if originalSqueeze then Color.YELLOW else if presqueeze then Color.DARK_ORANGE else Color.black) The momentum indicator is often analyzed based on its crossovers with the zero level. Gavstah said: Squeeze Play Strategy For ThinkOrSwim.

Squeezeline.SetPaintingStrategy(PaintingStrategy.POINTS) Plot s2 = ExpAverage(close, slength) - ExpAverage(close, length) ĭef Con4 = s2 = signal then Color.Cyan else if APC = 1 and s2 =0 then Color.Green else If APC =2 and s2 = 0 ĭef dn = momo LowerBandKCLow and UpperBandBB LowerBandKCMid and UpperBandBB LowerBandKCHigh and UpperBandBB < UpperBandKCHigh

Squeeze momentum indicator thinkorswim