TTM Squeeze Oscillator and On price – ProOrder strategy

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Viewing 8 posts - 1 through 8 (of 8 total)
  • 05/17/2017 at 8:43 AM #35766
    Bard

    I want to automate a system to enter when the red dot goes to green, I cannot figure out how do do that using the assisted creation tool?

    “if sColorR is superior to 0, the dot is red”

    But sqz momentum = 0, (and the mkt is falling), yet the dot can be either red OR green and
    if sqz momentum = -0 (and emphasis on minus here because you cannot have a -0.0 in assisted creation), it’s also red OR green (the mkt is rising), meaning I cannot figure out how to set up a conditionality:

    Enter long if
    (i) the red dot squeeze turns to a green dot (and a breakout is imminent)
    AND
    (ii) the plus increase is > 0 (to signify a long position is to be taken).

    Exit Long if
    Plus decrease bar occurs (as per John Carter’s strategy)

    Cheers
    Bard

    05/17/2017 at 9:14 AM #35777
    Nicolas

    The sColorR variable is not returned by the indicator, thus it cannot be used by the assisted creation tool, so first change the indicator RETURN line with this one: (I added the sColorR variable at the end of it)

    Then you can automate the trigger of your orders by comparing the sColorR value from now to the previous period: (colour change of dot from green to red)

     

    1 user thanked author for this post.
    avatar Bard
    05/17/2017 at 10:42 AM #35804
    Maz

    @Bard, I also have some interest in this indicator. Let’s share results here and bounce some ideas.

    05/18/2017 at 1:55 AM #35916
    Bard

    Hi @Maz, I’ll take a look at Nicolas’s additional code and see if it can be auto traded as John Carter intended it to be used: https://www.youtube.com/watch?v=lbmUfauTGkU

    05/20/2017 at 11:55 PM #36188
    Bard

    Hi Nicolas,
    Cheers for the Return and trigger code. The Return code has been added to the indicator.
    When I code the trigger it’s telling me “sColourR is undefined?”

    I’m also thinking the TTM indicator code will need to be inserted into the auto trading code so as to be able to optimise the period (or eg the std dev value (mult)) to be then able to compare profits with a range of period (or std dev) values in Excel, to see if there is a robust range/set of values for period (or std dev).

    Long side:

    Best,

    Bard

    05/22/2017 at 8:47 AM #36254
    Nicolas

    Yes because the sColorR is the variable name of the indicator, it is not in your strategy, you are calling the indicator  but telling ProBacktest that it is “ignored” (it’s the 6th variable of your indi):

    Note that the sColorR could have been renamed with something else, it would have not mattered.

    EDIT: it is not needed to “CALL” the same indicator twice.

    05/22/2017 at 11:08 AM #36268
    Bard

    Thanks for rearranging the code Nicolas!

    Not sure why the code isn’t doing what John Carter intentioned it to do, eg for long trades:

    Enter long if
    (i) on a green dot after it changes from a red dot squeeze (red dots = and a breakout is imminent)
    AND
    (ii) the plus increase is > 0 (to signify a long position is to be taken).

    Exit Long if
    Plus decrease bar occurs.

    Checked it on £/$ Daily 1997 – 2013, many squeezes that breakout with positive plus increase but trades aren’t taken?

    Thanks again,
    Bard

    12/26/2021 at 6:34 PM #183858
    idunnomuch

    Hi

    Not sure if this is the best place to ask another question regarding this indicator or start a new thread.

    I would like to also use this indicator to setup a trade.

    However whenever I try and use the simplified creation tool it always says that it is only returning 5 values when it needs 6?

    What is the reason for this?

    Additionally I would like to understand how I can setup an action so it sells on market once a plus decrease bar (dark blue) on the histogram if i am long and to Close a Short when it turns to a minus increase bar (yellow).

    Many thanks

     

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