Squeeze momentum indicator tradingview full#
Squeeze momentum indicator tradingview series#
Squeeze momentum indicator tradingview free#

However, you can get clues from the price action and the prevailing trend. The only difficulty is that you don’t know which direction the stock will run when it fires. Waiting until the green dot to appear may be too late in some cases.

Squeeze momentum indicator tradingview full#

That way, you catch the full move of the big green candle. Some recommend getting into position during the squeeze before the green dot appears. This indicates a loss of momentum and is a good time to exit the swing trade. On September 9th, the histogram changed color and started decreasing. The moving average was bunched up during the squeeze.Īnd now, the 10, 20, and 50-day moving averages are expanding in sequential order. The histogram on the squeeze indicator is above zero and increasing, indicating energy being released, and we see the stock price make a greater than expected move up. This coincided with the tall bullish green candle.

Squeeze momentum indicator tradingview series#

The next green dot following the series of red dots on the 19th means the squeeze had fired. The price action will show that the stock is in consolidation. I would wait until you get a few red dots to consider it a valid squeeze. Here is a squeeze in Netflix (NFLX) from August 11th to the 18th of 2021, as indicated by a series of red dots. It also means a move greater than the options prices have priced in. This “greater than expected move” means a 2 to 3 ATR move as indicated by the “ Average True Range” indicator. When the dots become green again, it indicates that the squeeze had just “fired,” releasing its built-up energy causing the stock to make a “greater than expected” move (up or down). The red dots indicate that a squeeze is on - energy is building up under compression.

Squeeze momentum indicator tradingview free#

The free version on ThinkOrSwim and Barchart has only the red dots and the green dots and may be labeled as “TTM_Squeeze.” “TTM” stands for “Trade the Markets,” which was John’s company before it was rebranded to “ Simpler Trading.” In both their presentations, they are using the “Pro” version of the indicator where there are additional “black” (low-compression) and “orange” (high-compression) dots. Taylor buys on squeeze signals only when the stock is in an obvious uptrend and price is above and close to the 21-day moving average. Traders can also use the 10, 20, and 50 moving averages. John buys after waiting for five “dots” of the squeeze, and if the price is above the 21 moving average and the other 8, 21, 34, 55, and 89 moving averages are stacked in order. You need to be more selective and wait for additional market conditions. Like all indicators, you cannot just take every squeeze signal. Using Options With The TTM Squeeze Indicator.

Taylor Horton said, “you can build a career around this one setup,” and that it was the squeeze setup that allowed him to become a full-time trader. He said, “if there is one setup that I can do for the rest of my life, that’s it right there.” While this indicator is on ThinkOrSwim and Barchart, it is not present in TradingView, StockCharts, and others.Īs an alternative, we will use standard indicators to detect squeezes which give a trader an early warning when a stock is about to make a meaningful move.īefore you dismiss this as “just another indicator,” watch how its creator John Carter takes Squeeze setups with options strategies. If you ever wished you had the popular TTM Squeeze indicator on your charting platform, then this article is for you.