4/17/2024 0 Comments Squeeze momentum indicator mtf![]() ![]() ![]() This Is Very Helpful On Lower Timeframes 1m - 5m To Signal When The Trend Is Losing Steam. Momentum Squeeze Will Signal A Triangle Above Or Below The Candles To Signal The Strength Of the Trend. Settings For This Should Be 10-40 Resolution Depending On The Timeframe You Are Working On The Wider The Cloud The More Resistance Its Got Below Or Above. The Cloud Squeeze Is A Visual Indicator That Marks The Trend Green Cloud Is Trend Up And Red Cloud Is Trend Down. Settings Should Be Left At 12 Or 14 And Then 70-30. This Filter Will Create A Grey Signal When The Signal Is Given On Overbought Or Oversold Areas. This Filter When Activated Will Only Give Signals When The Macd Crosses Up Below The 0 Line For Longs And Above The 0 Line For Shorts. I Leave This At 20 Ma The Macd 0 Line Filter This Can Be Changed As Well But In General 20 Ma Is The Best For All Markets. When The Volume Filter Is Activated The Alerts Will Only Come Up If The Volume Is Above The 20 Ma. When This Is Activated It Decreases Significantly The Signals And Should Only Be Turn On If You Only Wish To Receive Signals When The Macd, Vortex, And Ichimoku Conversion Line And Baseline Crosses Around The Same Areas. The Vortex Periods Can Be Set To 12 For Faster Signals Or To 14. The Settings Can Be Left Standard Or They Can Be Changed To 8-17-9 For Faster Signals. To Get Access Please Send A Private MessageĪfter You Have Been Given Access You Can Find The Indicators On The Invite Only ScriptsĪfter Applying To Your Chart You Should See On The Left Part Of Your Screen Where Your Indicator Labels Are “TD-Mom/Vol” Click On The Settings To Start The Setup These 3 Indicators Are Given For Free But Are Only For Premium Members For The Trading Bullies Premium Service. The Third Part Is The (TB Rsi Indicator) Which Signals Overbought And Oversold Areas. This Indicator Consist Of 3 Parts The Signaling Indicator Which Goes On As A Layout On Top On The Price Action (Candles), An Indicator Called (TB Macd /Momentum Squeeze) That Shows The Actual Macd With A 0 Line Merging With The Momentum Squeeze. The Idea Is To Signal Important Sectors Of The Chart Were All Or Some Of These Indicators Are Giving The Same Signals. MultKC = input(1.This Indicator Merges The Best Parts Of The Macd, Vortex, Volume, Ichimoku Cloud, Bollinger Bands, Atr, And Rsi Indicators. Study(shorttitle = "SQZMOM_LB", title="Squeeze Momentum Indicator ", overlay=false) Book: Mastering The Trade by John F Carter ![]() Also, Mr.Carter uses simple momentum indicator, while I have used a different method (linreg based) to plot the histogram. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Exit the position when the momentum changes (increase or decrease - signified by a color change). Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). This signifies low volatility, market preparing itself for an explosive move (up or down). This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).īlack crosses on the midline show that the market just entered a squeeze (Bollinger Bands are with in Keltner Channel). Use the updated source instead of the what TV shows below. Fixed a typo in the code where BB multiplier was stuck at 1.5.
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