TTM Squeeze Pro

• 02/14/2023 at 10:24 AM #209650
  Alfy

  Good morning guys, I’m trying to create the TTM Squeeze pro. The code already exists on site for the basic TTM squeeze which is when the Bollinger 20 day bands with 2 standard deviations around a 20d SMA move inside the 20d Keltner channels with 1.5 average true ranges (14d) around a 20d SMA. What I’ve tried to create is the squeeze pro which has 3 levels of compression. The lowest compression is when the Bollinger bands move inside the Keltner channels with 2 ATRs around the 20d SMA, the mid squeeze is when the Bollinger’s move inside the 1.5 ATR Keltner channels and finally the high compression squeeze is when the Bollinger’s move inside the Keltner’s with 1 ATR around the 20d SMA. I’ve tried to colour the dots white for the low compression sqz, Green for the mid compression and Blue for the high compression squeeze but the dots aren’t coming out coloured correctly. The rest looks ok. Can someone take a look at the code to see where I’m going wrong? Any help most appreciated.

  Best regards

  TTM Squeeze Pro

  DonchianMidline = (Highest[20](high)+Lowest[20](low)+Average[20](close) )/3 sma=close-(DonchianMidline) Delta = linearregression[20](sma) basis = exponentialaverage[length](close) dev = mult * Std[length](close) upperBB = basis + dev lowerBB = basis - dev //KC ma = exponentialaverage[lengthkc](close) myrange = averagetruerange[14] upperKClow = ma+myrange * 2 lowerKClow = ma-myrange * 2 upperKCmid = ma+myrange * 1.5 lowerKCmid = ma-myrange * 1.5 upperKChigh = ma+myrange * 1 lowerKChigh = ma-myrange * 1 sqzOnlow = (lowerBB>lowerKClow) AND (upperBB<upperKClow) AND (LOWERBB<LOWERKCMID) AND (UPPERBB>UPPERKCMID) sqzOnmid = (lowerBB>lowerKCmid) AND (upperBB<upperKCmid) AND (LOWERBB<LOWERKCHIGH) AND (LOWERBB>UPPERKCHIGH) sqzOnhigh = (lowerBB>lowerKChigh) AND (upperBB<upperKChigh) if(sqzOnlow=1) then scolorR = 255 scolorG = 255 scolorB= 255 else scolorR = 255 scolorG = 0 ENDIF if(sqzOnmid=1) then scolorR = 0 scolorG = 255 scolorB= 0 else scolorR = 255 scolorG = 0 ENDIF if(sqzOnhigh=1) then scolorR = 0 scolorG = 0 scolorB=255 else scolorR = 255 scolorG = 0 ENDIF if delta>0 then sqz=-squeezeDotsOffset*pointsize else sqz=squeezeDotsOffset*pointsize endif //histogram modifications if delta>0 and delta>delta[1] then plusI = delta plusD = 0 minusI = 0 minusD = 0 colorR=0 colorG=245 colorB=255 elsif delta>0 and delta<delta[1] then plusI = 0 plusD = delta minusI = 0 minusD = 0 colorR=0 colorG=0 colorB=255 elsif delta<0 and delta<delta[1] then plusI = 0 plusD = 0 minusI = 0 minusD = delta colorR=255 colorG=0 colorB=0 elsif delta<0 and delta>delta[1] then plusI = 0 plusD = 0 minusI = delta minusD = 0 colorR=255 colorG=255 colorB=0 endif RETURN plusI coloured(colorR,colorG,colorB) style(histogram,1) as "plus increase", plusD coloured(colorR,colorG,colorB) style(histogram,1) as "plus decrease", minusI coloured(colorR,colorG,colorB) style(histogram,1) as "minus increase", minusD coloured(colorR,colorG,colorB) style(histogram,1) as "minus decrease", sqz coloured(scolorR,scolorG,0) style(point,5) as "squeeze momentum"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89

  DonchianMidline = (Highest[20](high)+Lowest[20](low)+Average[20](close) )/3 sma=close-(DonchianMidline) Delta = linearregression[20](sma) basis = exponentialaverage[length](close) dev = mult * Std[length](close) upperBB = basis + dev lowerBB = basis - dev //KC ma = exponentialaverage[lengthkc](close) myrange = averagetruerange[14] upperKClow = ma+myrange * 2 lowerKClow = ma-myrange * 2 upperKCmid = ma+myrange * 1.5 lowerKCmid = ma-myrange * 1.5 upperKChigh = ma+myrange * 1 lowerKChigh = ma-myrange * 1 sqzOnlow = (lowerBB>lowerKClow) AND (upperBB<upperKClow) AND (LOWERBB<LOWERKCMID) AND (UPPERBB>UPPERKCMID) sqzOnmid = (lowerBB>lowerKCmid) AND (upperBB<upperKCmid) AND (LOWERBB<LOWERKCHIGH) AND (LOWERBB>UPPERKCHIGH) sqzOnhigh = (lowerBB>lowerKChigh) AND (upperBB<upperKChigh) if(sqzOnlow=1) then scolorR = 255 scolorG = 255 scolorB= 255 else scolorR = 255 scolorG = 0 ENDIF if(sqzOnmid=1) then scolorR = 0 scolorG = 255 scolorB= 0 else scolorR = 255 scolorG = 0 ENDIF if(sqzOnhigh=1) then scolorR = 0 scolorG = 0 scolorB=255 else scolorR = 255 scolorG = 0 ENDIF   if delta>0 then sqz=-squeezeDotsOffset*pointsize else sqz=squeezeDotsOffset*pointsize endif //histogram modifications if delta>0 and delta>delta[1] then plusI = delta plusD = 0 minusI = 0 minusD = 0 colorR=0 colorG=245 colorB=255 elsif delta>0 and delta<delta[1] then plusI = 0 plusD = delta minusI = 0 minusD = 0 colorR=0 colorG=0 colorB=255 elsif delta<0 and delta<delta[1] then plusI = 0 plusD = 0 minusI = 0 minusD = delta colorR=255 colorG=0 colorB=0 elsif delta<0 and delta>delta[1] then plusI = 0 plusD = 0 minusI = delta minusD = 0 colorR=255 colorG=255 colorB=0 endif   RETURN plusI coloured(colorR,colorG,colorB) style(histogram,1) as "plus increase", plusD coloured(colorR,colorG,colorB) style(histogram,1) as "plus decrease", minusI coloured(colorR,colorG,colorB) style(histogram,1) as "minus increase", minusD coloured(colorR,colorG,colorB) style(histogram,1) as "minus decrease", sqz coloured(scolorR,scolorG,0) style(point,5) as "squeeze momentum"

   

  

  Alfy

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  02/14/2023 at 11:52 AM #209659
  JC_Bywan

  Hi,

  Line 19 doesn’t feel right, you could try replacing the lowerbb towards the end of the line with upperbb:

  sqzOnmid = (lowerBB>lowerKCmid) AND (upperBB<upperKCmid) AND (LOWERBB<LOWERKCHIGH) AND (UPPERBB>UPPERKCHIGH)

  1 user thanked author for this post.

  Alfy

  

  JC_Bywan

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  02/14/2023 at 11:59 AM #209660
  Alfy

  Very good spot thank you.

  

  Alfy

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