I hope that helps? I might not have the perfect settings here but I am always experimenting with new indicators. Dynamic trends line green for buys, reds for sells. When the price is bouncing around the bottom of the chart and keeps going back there like on this chart there is no interest from buyers at that point.Īnd 7. The Stochastic set at 5 5 5 shows you where the price is heading towards, at this point I have highlighted on the chart it is showing the price declining as the price is nearly overbought levels, when the blue line goes under the orange line, the price is also confirmed as going down. Maybe select the white background too on TV so that you can see the numbers more clearly as they are harder to see on a black background. Have a look at his indicator explanation page on Machine Learning: Lorentzian Classification - Indicator by jdehorty - TradingView. However the one in MT4 is most probably a bit better. It kind of acts a bit like Level 2 Data that AT uses in MT4. The buys are about to change completely and then we are in looking at sells only, so you let it push out until you see the highest bars at the bottom, wait to see the change of colour to a darker shade and then think about quitting your sell.Īnother change of direction towards buys.įrom the Lorentzian Indicator take note of the numbers. This might be a good place to think about selling your buys? For instance, if we use a 5-minute chart, the squeeze condition will persist for at least 40 minutes (5 * 8 = 40).Momentum is changing as the buy volumes are coming down and changing to the darker colours, so there is an early warning on a change of direction coming. Moreover, once the squeeze starts, it usually lasts for 8 or 10 bars on average. Bitcoin/Stocks/Forex Trading Strategy - Squeeze Momentum Indicator LazyBear Strategy Explained Subscribe for more Cryptocurrency News, Tutorials & Strategi. However, most traders believe that the opportune time for carrying out a trade would be as soon as the dots turn from green to red or vice versa. Red Dots + Declining Momentum below the 0-line = Sell SignalĪs a result, we will improve the chance of embarking on a successful trade.Green Dots + Rising Momentum above the 0-line = Buy Signal.Hence, by combining all the steps we can conclude that the Tradingview ttmsqueeze indicator delivers two main indications: – Check the power of the squeeze to confirm the strength of the movement. – Examine the direction and the position of the bars on the ttm squeeze’s histogram. – Try to identify if the asset is in a squeeze or not by analyzing the price chart and the color of the dots. However, to efficiently use the ttm squeeze indicator for MT4 and capture strong signals, we should follow some simple steps: Thus, depending on the position of the bars compared to the zero-line, we can predict the next price direction. Is a series of bars that indicates the current momentum. In consequence, we can describe the second element of the ttmsqueeze indicator as follow The histogram Otherwise, negative histogram bars will indicate a short squeeze that results in a future decreasing momentum. Then, it means that we should expect an increasing momentum in the market. Hence, we will identify a long squeeze if the angle of the histogram bars is positive. So, in order to determine the upcoming direction of the move, whether up or down, we should check the momentum (the MT5 ttm squeeze histogram). It indicates that there is no more squeeze condition in the market. Thus, when the bands of the BB indicator move outside of the Keltner channel lines. The second component of the ttmsqueeze indicator is the histogram which is reflected by a momentum oscillator. Therefore, depending on their color, we can predict if the market will continue squeezing or if an explosive move in price may happen. As a result, we can define the first element of the ttm squeeze indicator Tradingview as follow: The dotsĪre directionless points that represent merely an indication of the current price movement.
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