TTM Squeeze Momentum is a volatility and momentum indicator introduced by John Carter of Trade the Markets (now Simpler Trading), which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range.
This derivative Squeeze Momentum indicator attempts to identify periods of consolidation in a market. In general, the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, one has a better opportunity of getting into trades with the potential for larger moves.
Usage :
A suggestion is to wait the first gray block after a red and take a position in the direction of the momentum.