![]() The indicator can be used in various breaking and trend following strategies. If the histogram is above the basic 0 level, the price is likely to grow, while being below this basic 0 level, Momentum indicates a probability of further price plunge. It shows the direction of the price to move. This is when it is important to focus on the Momentum histogram. ![]() Once the volatility grows, and the Bolinger Bands indicators break outside Keltner Channel, the dots change their color to green. When the volatility is low, the dots are painted in red. Visually, the NinjaTrader TTM Squeeze indicator consists of a histogram and small dots located along the zero line, indicating whether the asset is in squeeze. The Momentum Oscillator shows the likely direction of further price movement and helps determine entry / exit points. However, once BB breaks out Keltner Channel, the volatility increases, indicating that the price is likely to take one of the two possible directions.Īt the moment when the price leaves the area with low volatility, attention switches to the Momentum Oscillator. The price makes small fluctuations at this moment. The period of low volatility happens when BB stands inside Keltner Channel. For instance, if we use a 5-minute chart, the squeeze condition will persist for at least 40 minutes (5 * 8 = 40).NinjaTrader TTM Squeeze Indicator is based on three classic technical analysis tools – Bollinger Bands (BB), Keltner Channels and Momentum Oscillator.Ī combination of Bollinger Bands (BB), Keltner Channels indicators helps to determine when an asset is consolidating (squeezing) and signals when the price is ready to break out / drop. Moreover, once the squeeze starts, it usually lasts for 8 or 10 bars on average. However, most traders believe that the opportune time for carrying out a trade would be as soon as the dots turn from green to red or vice versa. 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. 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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