![]() ![]() ![]() When the volatility increases, so does the distance between the bands, conversely, when the volatility declines, the distance also decreases. Momentum.AssignValueColor( if PosUp then een else if PosDn then Color.dark_green else if NegDn then Color.red else if NegUp then Color.dark_red else Color. Description The Squeeze indicator measures the relationship between two studies: Bollinger Bands and Keltner's Channels. Momentum.SetPaintingStrategy(PaintingStrategy.HISTOGRAM) For volume, you probably want to use an average rather than the current period's volume. In addition to criteria related to the indicator, you can add volume and open interest filters to the scans. Squeezeline.AssignValueColor(if ExtrSqueeze then Color.RED else if originalSqueeze then Color.YELLOW else if presqueeze then Color.DARK_ORANGE else Color.black) Each indicator-based strategy would be best supported by a scan also based on that indicator. Squeezeline.SetPaintingStrategy(PaintingStrategy.POINTS) The TTMSqueeze was created to find unique. ![]() Among these candlestick patterns, the bullish engulfing candle, hammer, piercing line, and morning star are the most popular. Plot s2 = ExpAverage(close, slength) - ExpAverage(close, length) ĭef Con4 = s2 = signal then Color.Cyan else if APC = 1 and s2 =0 then Color.Green else If APC =2 and s2 = 0 ĭef dn = momo LowerBandKCLow and UpperBandBB LowerBandKCMid and UpperBandBB LowerBandKCHigh and UpperBandBB < UpperBandKCHigh A squeeze in the TTMSqueeze indicator reveals when a stock consolidates or rests before it makes its next big move. This indicator combines 20 bullish candlesticks and automatically plot them into your ThinkorSwim chart. ![]()
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