TTM SQUEEZE INDICATOR

Optuma Forums Optuma Scripting TTM SQUEEZE INDICATOR

This topic contains 3 replies, has 3 voices, and was last updated by Matthew Matthew 3 months ago.

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  • #39259

    Magnum
    • Topics: 1
    • Replies: 0
    • Posts: 1

    Hi:

    wondering if anyone is familiar with the TTM SQUEEZE INDICATOR created by John carter from simpler options.

    The nature of this indicator is the bollinger bands set at 20 days with 1.5 stddev  and Keltner channels with 20 and 1 stddev  and the momentum oscillator on 14 days .

    When the bollinger bands contract together in to the Keltner channel and then break out of the Keltner channel it is said that the squeeze has fired and the momentum histogram shows the direction of the move up or down.

    I managed to find a functioning version of this indicator on Tradingview platform,however i would prefer to build this indicator to use on Optuma. 

    The script is also available on tradingview however the script language is not the same as the Optuma language.

     

    This indicator is very useful and much easier on the eyes than plotting all three tools on the charts.

    Here is an image and also a link of what it does exactly.

     

     

     

    ttm squeeze on tradingview

    Thanks in advance

    #47363

    Garret
    • Topics: 0
    • Replies: 1
    • Posts: 1

    Scriting

    I’m wondering if someone here cleverer than me would be able to write this script and and make the settings user adjustable.

    #47371
    Matthew
    Matthew
    • Topics: 3
    • Replies: 69
    • Posts: 72

    Hi,

    Thank you for your post.  I’ll have a look at the rules and examples in your post and will see if it can be setup as a script.  If it can i’ll post an example here.

    #47387
    Matthew
    Matthew
    • Topics: 3
    • Replies: 69
    • Posts: 72

    Hi,

    Please find an example script below of the TTM Squeeze Indicator in Optuma:

    This should be added to a Show View tool.

    Here’s an example of how it looks when applied to the DAX:

    DAXX

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