Modified TTM Squeeze Indicator

"LED Squeeze trying to determine the market consolidation periods. In general, the market is either in a period of quiet consolidation or vertical price discovery. By identifying these quiet periods, we have more opportunities to get in the deal with the potential for large movements. After entering the market to "compression", we see the overall dynamic of the market, to get help in predicting the direction of the market, and look forward to the release of the energy market. "

Indicator Modified TTM Squeeze Indicator - a modification indicator volatility John Carter TTM Squeeze, designed for faster feed entry points, than in the original version. This indicator is used to determine both the entry point and exit points with strong price movements. Green and red bar graph shows the price movement up or down, respectively. The darker the color histogram bars indicate that the trend is decreasing. Black crosses on the middle lines represent compression rates, and the gray crosses indicate the release from compression. Trade with the trend in the first gray tic after compression. Exit when the trend fades (dark green / dark red).

Do you prefer the original TTM Squeeze? Indicator Modified TTM Squeeze Indicator It allows you to switch between the modified and conventional indicators Squeeze.

trading strategies

For TTM Squeeze indicator describes a number of trading strategies, all of which can also be used with an indicator Modified TTM Squeeze. Simple effective strategy described below:

1. Expect compression period, which lasts for at least 3 bar


2. In the first gray bar (release from compression), trade in the direction of the trend. (I.e., if the value Modified TTM Squeeze above zero expose the call; if the indicator value is below zero, expose put)


3. Exit when the price will go down in the next compression (risky) or when the trend fades, as indicated by a dark green / dark red histogram bars (conservatively).

Excellent conditions - is when two or more higher timeframes are in a state of compression. Enter a trade when a smaller timeframe is released from the compression. For example, 15-minute and 5-minute periods in a state of compression. Enter a trade, when the 5-minute period be released from compression. While patterns of compression on the higher timeframes usually indicate a lot of traffic, according to the observations in the Forex market, TTM Squeeze works best on 4-hour period and at least.

Modified TTM Squeeze also works well in conjunction with the ADX.

Options

• BB length (Default = 20): The number of bars to calculate Bollinger bands is used for compression


• BB multiplier (Default = 2.0): The number of standard deviations used for the Bollinger Bands


• KC length (Default = 20): The number of bars for the calculation of Keltner channel is used for compression


• KC multiplier (Default = 1.5) Multiplier for Keltner Channel


• Use original TTM (Default = false): If true, changes the behavior of the indicator on the legacy of the TTM squeeze. If false, indicator uses a modified TTM squeeze, with improved impulse calculation


• Allow alerts (true / false): When false prohibits sending notifications


• Alert when squeeze begins (true / false): If true, it sends a notification at the beginning of the compression


• Alert when squeeze is released (true / false): If true, it sends a notification at the end of the compression


• Alert when trend fades (true / false): When true sends a notification at the expiring of the ascending / descending trend (indicated by dark green / dark red line on the histogram)


• Turn on alert message (true / false): If true, the update will appear in a popup window


• Turn on alerts sound (true / false): When the true signals are supplied to the sound


• Turn on alerts email (true / false): If true, the notification will be sent by email