BullBarbies MoRoll v1.0If you like the TTM Squeeze histogram, this may be your favorite new indicator.
5 customizable timeframe MACD-based oscillators are programmed to give you a heads-up when momentum is rolling over and changing to a new direction by using lower timeframes as a "heads-up" of a potential change. Designed to be used on the 5 minute chart, but can be adapted for higher timeframes as well. Not recommended for charts under 5 minutes. Settings default to those recommended for a 5 in chart: 5, 4, 3, 2, & 1 min oscillators. If using on a higher timeframe, consider starting with the current timeframe and stepping each down from there. Lower timeframe oscillators will begin to roll first. Most multi-timeframe indicators keep watch for conditions on higher timeframes, this one is designed to give you a leg-up in seeing what's happening underneath the price action and squeezes by taking a peak at lower timeframes. Designed to be faster to help you make intra-day day trading decisions.
When all 5 indicators are in color agreement (all red or all green), this indicates strong directional momentum. To catch a shift in momentum, watch for colors to begin shifting red to green or green to red. When you can catch these shifts at support and resistance, it can make for a higher probability trade than trading just support and resistance. The more oscillators in agreement, the more confidence you can have that you are on the right side of the trade.
Pay attention to relative distance from the zero line as well. A trend day will have oscillators spending most of their time to one side or the other of the zero line. Oscillators change colors at the zero line for visual aid. Extremely high or low readings can indicate oversold or overbought conditions.
When the lines are a tangled mess of red and green, this indicates choppy conditions when many daytraders like to avoid.
Works well paired with the TTM squeeze for a more detailed look at your current timeframe.
This indicator has several features:
* 5 Timeframe oscillators that display as lines
* A zero line to show relative distance from the midpoint
* 4 color settings: rising above/below zero; falling above/below zero
I built this indicator because I love using the TTM Squeeze histogram on multiple timeframes to aid in predicting the loss and gain of momentum, but do not want to dedicate the monitor space to 5 charts just for the squeeze histogram. Plotting the histogram as lines allows the display of multiple timeframes. It has become standard on my intraday trading charts.
Ttm-squeeze
MACD frontSide backSide + TTM Squeeze by bangkokskaterDark Mode is enabled by default for black theme
disable Dark Mode for white theme
MACD frontSide backSide
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an elegant, much better way to use MACD
for trend following momentum ( aka momo) style
MACD with default settings of 12/26 smoothing of 9
✔️ but without histogram
✔️ only has MACD and signal "lines"
green = frontSide momentum impulse
take longs only
red = backSide momentum impulse
take shorts only
black area = exit (once green or red is no longer showing)
or keep holding till next bigger TP
PS: credits to Warrior Trading Ross Cameron for this idea
youtu.be
TTM Squeeze
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white dots = incoming pump / dump (monitor for entry)
PS: credits to John Carter's TTM Squeeze & Greeny for PineScript adaptation
MTF Radar_vtMTF Radar is like your car dashboard for trading. It is your X-ray machine and, in one glance, you know what price is doing in all major time frames, from 5m to 1Q, without having to flip through multiple charts. Simple and visual!
The Sqz column indicates whether a stock is in consolidation(i.e. in squeeze) or in expansion (fired). Color denotes different compression levels： tight - black, medium - red, low - orange, green - fired.
T1 and T2 are two different trend systems:
T1 - green = bullish trend, red = bearish trend, gray = side ways, yellow - trend change
T2 - green = bullish trend, red = bearish trend, gray = side ways
T1 is a more sensitive system compared to T2.
Momo column shows squeeze momentum bars with matching color.
P+: momentum is positive and increasing. Light blue.
P-: momentum is positive and decreasing. Dark blue.
N+: momentum is negative and increasing. Yellow.
N-: momentum is negative and decreasing. Dark blue.
MTF Radar_vt is a light version of the full indicator and covers:
- most futures market
- 30 stocks in Dow Index
- Index and sector ETFs : SPY, QQQ, DIA, IWM, XLE, XLF, XLU, GDX, XLK, XLV, XLY, XLB, ITB, XRT, SMH, IBB, KRE, XLC, GDXJ, KBE
- Some key stocks: AAPL, AMZN, FB, GOOGL, TSLA, NVDA, NFLX
- Forex pairs: DXY,AUDCAD,AUDJPY,AUDNZD,AUDUSD,EURCAD,EURGBP,EURJPY,EURUSD,GBPJPY,GBPUSD,NZDUSD,USDCAD,USDJPY
Full version works on all stocks and assets. If you like this indicator and require the full version, please contact the author.
Credits:
-> John Carter - creator of TTM Squeeze and TTM Squeeze Pro
-> Lazybear's interpretation of the TTM Squeeze: Squeeze Momentum Indicator
TTM Squeeze ProCredits:
-> John Carter creating the TTM Squeeze and TTM Squeeze Pro
-> Lazybear's original interpretation of the TTM Squeeze: Squeeze Momentum Indicator
-> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows
This is my version of their collective works, with amendments primarily to the Squeeze Conditions to more accurately reflect the color coding used by the official TMM Squeeze Pro indicator.
For those unfamiliar with the TTM Squeeze, it is simply a visual way of seeing how Bollinger Bands (standard deviations from a simple moving average ) relate to Keltner Channels (average true range bands) compared with the momentum of the price action. The concept is that as Bollinger Bands compress within Keltner Channels, price volatility decreases, giving way for a potential explosive price movement up or down.
Differences between the original TTM Squeeze and TTM Squeeze Pro:
-> Both use a 2 standard deviation Bollinger Band ;
-> The original squeeze only used a 1.5 ATR Keltner Channel; and
-> The pro version uses 1.0, 1.5 and 2.0 ATR Keltner Channels .
The pro version therefore helps differentiate between levels of squeeze (compression) as the Bollinger Bands moves through the Keltner Channels i.e. the greater the compression, the more potential for explosive moves - less compression means more squeezing.
The Histogram shows price momentum whereas the colored dots (along the zeroline) show where the Bollinger Bands are in relation to the Keltner Channels:
-> Cyan Bars = positive, increasing momentum;
-> Blue Bars = positive, decreasing momentum (indication of a reversal in price direction);
-> Red Bars = negative, increasing momentum;
-> Yellow Bars = negative, decreasing momentum (indication of a reversal in price direction);
-> Orange Dots = High Compression / large squeeze (One or both of the Bollinger Bands is inside the 1st (1.0 ATR) Keltner Channel);
-> Red Dots = Medium Squeeze (One or both of the Bollinger Bands is inside the 2nd (1.5 ATR) Keltner Channel);
-> Black Dots = Low compression / wide squeeze (One or both of the Bollinger Bands is inside the 3rd (2.0 ATR) Keltner Channels );
-> Green Dots = No Squeeze / Squeeze Fired (One or both of the Bollinger Bands is outside of the 3rd (2.0 ATR) Keltner Channel).
Ideal Scenario:
As the ticker enters the squeeze, black dots would warn of the beginning of a low compression squeeze. As the Bollinger bands continue to constrict within the Keltner Channels , red dots would highlight a medium compression. As the price action and momentum continues to compress an orange dot shows warning of high compression. As price action leaves the squeeze, the coloring would reverse e.g. orange to red to black to green. Any compression squeeze is considered fired at the first green dot that appears.
Note: This is an ideal progression of the different types of squeezes, however any type of squeeze (and color sequence) may appear at anytime, therefore the focus is primarily on the green dots after any type of compression.
Entry and Exit Guide:
-> John Carter recommends entering a position after at least 5 black dots or wait for 1st green dot ; and
-> Exit on second blue or yellow bar or, alternatively, remain in the position after confirming a continuing trend through a separate indicator.
Multi StrategyDuring the course of a trade, we can find ourselves changing strategies depending on the market. Instead of using many different templates, I have a simple indicator that clearly says "Buy", "Sell" or "Stay Out". The great thing about this approach, is we instantly observe the majority are in agreement and that decides which way to place our trade.
This indicator includes the following strategies:
- QQE
- Ichimoku using much faster settings.
- Parabolic SAR
- Supertrend
- TTM Oscillator
- The Squeeze strategy
- The Alligator Strategy
Using this indicator is simple, if the lines are mainly green then buy, if mainly red then sell OR don't trade. So...
Green Line - This strategy is in a buy position
Orange or Black Line - This strategy is undecided
Red Line - This strategy is in a sell position
There are also some green and red circles for reference that appear showing when that bar has broken through the Ichimoku cloud.
The trader's approach is simple, when all indicators are green or red, then take the trade. As soon as one indicator changes, then re-evaluate using your normal process, such as price action, to determine whether to close the trade or continue.
I can customise this further or add other strategies, please message me.
TTM Squeeze Scanner This script scans for TTM Squeezes for the crypto symbols included in the body of the script. The timeframe for the squeeze scan is controlled within the input not the chart.
This script is a merge of @Nico.Muselle's TTM Squeeze script and @QuantNomad's custom screener script. Thanks to both of them!
TTM Squeeze RibbonTTM created to show multiple timeframes at once. Have updated the graphics to be a bit more simple than previous versions.
The idea is that fast lines cross slow lines to give a more detailed picture. The TTM is also 12x slowe than regular TTM, so 2h candles on this TTM is is equal to 24h candles on regular TTM
It is made up of 6 components.
1: The "Momentum" Ribbon, the teal and pink line is like the regular TTM momentum except it is made of two momentums, one faster than the other that cross each other. When the fast is above the slow the outline is blue, when the fast is below the slow the outline is red.
2: The "Acceleration" Ribbon, the Green and Purple line that shows if acceleration is positive or negative. eg when Acceleration crosses 0, it means Momentum is switching from Postive to Negative.
Think of a car going from 0 to 100 to 0 mph. Momentum and Acceleration will start from 0. The acceleration will be positive until Car reaches 100, when the Acceleration will go back to 0 (car is not accelerating any more).
Acceleration will now be negative while going from 100 to 0, when car reaches 0 mph and stops, Acceleration will go from negative back to 0 aswell.
Acceleration line LEADS Momentum.
3: Background Momentum Ribbon, this shows Momentums on timeframes slower than main Momentum Line.
4:The Red/Yellow Middle Line, this is hard to explain, but it is a Momentum Line that is average of all Momentum Lines, it will slowly rise/fall but can change direction sharply. When it goes from Red to Yellow this indicates a large amount of fast Momemtums have crossed the Slower Momentums and good for indicating Bottom or Tops of moves, and Convergences/Divergences with price
5: Yellow/Gold pump band. This is Bollinger Band Applyed to the Red/Yellow line and shows Volatility very well even though it is unconventional use for the BB.
6: Classic squeeze dots. Small black dot is squeeze, larger dots show squeezes on 2x, 4x, and 8x timeframes aswell
This indicator is meant as a reference to be used with normal TA (Levels etc) and not designed to be an algorithm you can use to blindly fomo smash Long/Short.
Enjoy
-furby
