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“The Squeeze indicator tries to determine the periods
consolidation in the market. In general, the market is either in a period of quiet
consolidation or vertical price discovery. By identifying these
quiet periods, we have more opportunities to get into trades with the
potential for big moves. After the market enters a
“contraction” state, we observe the overall market dynamics to
get help in predicting the direction of the market, and expect the
release of market energy.”

“The Squeeze indicator tries to determine the periods
consolidation in the market. In general, the market is either in a period of quiet
consolidation or vertical price discovery. By identifying these
quiet periods, we have more opportunities to get into trades with the
potential for big moves. After the market enters a
“contraction” state, we observe the overall market dynamics to
get help in predicting the direction of the market, and expect the
release of market energy.”

The Modified TTM Squeeze Indicator is a modification of
John Carter’s TTM Squeeze volatility indicator, designed to
feed entry points faster than in the original version. This
indicator is designed to determine both entry points and entry points.
exit with strong price movements. The green and red histograms
show price movements up and down, respectively. The darker color of
the histogram bars indicates that the trend is decreasing. Black
crosses on the middle line indicate price compression, and gray crosses
indicate release from compression. Trade in the direction of the trend on the
first gray cross after compression. Exit when the trend fades
(dark green/dark red).

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Do you prefer the original TTM Squeeze? The Modified TTM Squeeze Indicator allows you to switch between the modified and traditional Squeeze indicators.

There are many trading strategies described for the TTM Squeeze indicator, all
of which can be used with the Modified TTM Squeeze indicator. A simple
effective strategy is described below:

Excellent conditions are when two or more higher timeframes
are in a state of compression. Enter a trade when the lower timeframe is
released from compression. For example, the 15-minute and 5-minute periods
are in a compressed state. Enter the trade when the 5-minute period is
released from compression. While compression patterns on higher
timeframes usually indicate a large movement, according to observations on
In Forex, TTM Squeeze works best on a 4-hour period or less.

Modified TTM Squeeze also works well in conjunction with ADX indicators.

  • BB length (Default=20): Number of bars for calculating Bollinger Bands, used for compression
  • BB multiplier (Default=2.0): Number of standard deviations used for Bollinger Bands
  • KC length (Default=20): Number of bars to calculate the Keltner channel, used for compression
  • KC multiplier (Default=1.5): Multiplier for the Keltner channel
  • Use original TTM (Default=false): If true, it changes the
    behavior of the indicator to the traditional TTM squeeze. If false, the
    indicator uses a modified TTM squeeze, with improved
    pulse calculation
  • Allow alerts (true/false): If false, disables sending notifications
  • Alert when squeeze begins (true/false): If true, sends a notification at the beginning of the compression
  • Alert when squeeze is released (true/false): If true, it sends a notification when compression ends
  • Alert when trend fades (true/false): If true, it sends a
    notification when the uptrend/downtrend fades (indicated by a
    dark green / dark red line on the histogram)
  • Turn on alert message (true/false): If true, notifications will be displayed in a pop-up window
  • Turn on alerts sound (true/false): If true, audio signals will be sent
  • Turn on alerts email (true/false): If true, notifications will be sent to email

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Published

25 July 2017

Updated

Current Version

1.3

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SamitR January 19, 2021 11:39 am
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I love this indicator…great work Sir