TTM SQUEEZE INDICATOR

Optuma Forums Optuma Scripting TTM SQUEEZE INDICATOR

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    Magnum
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    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

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