![]() It is priceless!įeel free to combine and practice your trading with both strategies, personally, they improved my profitability and this is why I recommend researching more about them. Thanks to and for contributing to the community and keeping their code open. I would like to give credits to other authors, for the sections of code that I have used to make this technical indicator. The main objective of having merged them into one is to make their reading more agile and comfortable and thus improve the decision-making capacity of the trader who wishes to use them. ![]() I've added and removed the above flags as I needed to query them (which became tedious for me). *You can see this setting in the second panel. Waves, and importantly, change the Linear Momentum value to 12 (this configuration can be found in his book). To configure the indicator in the same way that Carter does, it would be enough to turn off the ADX, turn on the Squeeze Momentum signals along with the T.T.M. This market reading is based on Price Volatility (Bollinger Bands and Keltner Channels interaction) and its Trend (Exponential Moving Averages), showing entries at times when price volatility is low and taking filtering active trend using T.T.M. This strategy can be consulted either in John F. Strategy 2) Squeeze Momentum and Trade The Market Waves: *You can see this setting in the first panel. Anyway you can adjust the input data according to your interest. This strategy is taught by Jaime Aibsai, which determines market entries based on reading the direction of the price movement (Directionality of the Oscillator) along with the strength of the Oscillator (Slope of the ADX).īoth tools are configured according to Jaime Abisai's strategy, by default (note that point 23 of the ADX is represented by point 0 on the panel, to make reading easier, its interpretation is not affected). This signifies low volatility, market preparing itself for an explosive move (up or down). Black crosses on the midline show that the market just entered a squeeze (Bollinger Bands are with in Keltner Channel). Strategy 1) Squeeze Oscillator and Average Directional Index: This is a derivative of John Carter's 'TTM Squeeze' volatility indicator, as discussed in his book 'Mastering the Trade' (chapter 11). Exit positions using unique risk management settings for each assetģ.This indicator aims to combine two good performing strategies, which can be used separately or together, mainly for investment positions, although it can also be used for intraday trading. +DI, -DI and ADX values are taken into account to confirm the trend directionĢ.Squeeze momentum trigger condition is automatically checked before a position is opened.Momentum value is adjusted using a relative proportion of volume at each timeframe scale to exclude a chance of opening position at a low impulse stage.Deal start condition includes the following filters and requirements: Change lengths and periods of componentsġ.Change risk management settings (take profit, stop loss, trailing).The strategy components are customizable: and popularized on TradingView by a developer named LazyBear. Its first known version was called 'TTM Squeeze' by John Carter explained in his book 'Mastering the Trade' (chapter 11). It provides long and short entry and closure daily trade signals, suitable for Spot, Marginal and Futures exchanges The Squeeze Momentum Indicator is a momentum oscillator that indicates the explosiveness with which the price is going to move. The script combines Squeeze Momentum and Directional Movement Index (DMI) confirmation.
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