![]() Zero.SetPaintingStrategy(PaintingStrategy. Plot zero = if IsNaN(c) or !IsNaN(Squeeze) then Double.NaN else 0 ![]() Squeeze.SetPaintingStrategy(PaintingStrategy.Points) Momo.assignValueColor(if Momo > Momo and Momo > 0ĭef ATR = Average(TrueRange(h, c, l), length) Within the histogram bars, you will find four different colors that plot in the lower study: Cyan. Let’s start with understanding how to read the TTM Squeeze Histogram indicator. tPaintingStrategy(PaintingStrategy.HISTOGRAM) The TTM Squeeze Histogram is primarily used as a momentum indicator, with the histograms providing clues into the ebbs and waves of the market. Squeeze Momentum shows periods when volatility increases or decreases, in other words, when the market goes from the trend into flat movement and vice versa. He made USD 18.2 million on options and futures trading in 2020, which is 1,270 of annual yield. Input length = 20 #hint length: Length for average calculationĭef K = (Highest(h, length) + Lowest(l, length)) / The indicator was created by John Carter. # Label is green when momentum is ascending, red when descending It measures overbought & oversold levels & signals in. This New PCT Cycle Reversal Indicator is a Percentage-Range Momentum Indicator based on Relative Strength. Available at Wealthcharts through Wealthcharts only. ![]() # Added Squeeze Label with directional color Currently available for the thinkorswim, TradeStation and Trading View platforms. Here is an indicator for ThinkorSwim that may help you trade the squeeze. Momentum Squeeze Indicator for ThinkorSwim Click the button below to download the TTMSqueeze Backtester. If you’d like to skip the tutorial and start playing with the indicator right away, it’s available to download for free below. This can cause the stock price to increase even further as more people get caught in the squeeze. TTMSqueeze Modified (Close, 20, 2.0, 1.5) - Total P/L 1,689.74. When this happens, it forces the short-sellers to cover their positions by buying back shares at a higher price. In addition to identifying the current sentiment of the stock, short interest can help you determine if there is a short squeeze on the horizon.Ī short squeeze occurs when the price of a stock increases dramatically. The table above shows that more than 51 million shares of Gamestop are currently being shorted, representing a 3% increase in short interest from the previous period. Here’s an example short interest data on GME (GameStop).
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