BB Squeeze (Version of TTM Squeeze)

[OAC]

	Quote:	SPATEL1982
	most people on here seem sceptical about ttm products. Is there anyone here who uses the ttm squeeze for example successfully? thanks.

There are thousands of indicators out there. For each indicator, some will find it useful to add to their trading toolbox and others will not. So if one person tell you that he or she has been using the TTM Squeeze indicator successfully and what will that tell you ? Absolutely Nothing.
However, the TTM Squeeze indicator is behind a valid concept of the volatility cycle going from high to low and low to high. As we know, the market is full of false moves. My biggest criticism of the TTM Squeeze Indicator is that it has no way of filtering the false moves. In my own trading , I prefer to use an indicators that measure the range of current bar is greater any of the previous 9 bars and the volume of the current bar is greater than the average volume of the last 10 bars.
Since volume is used as a filter, there is less chance of a false move.

[3monkeys]

[Disco Scottie]

You should have gone short around 12:00... you just have to learn how to read it properly.

[ashokkuttan]

OAC

Did you add those volume parameters as part of Squeeze or did you build a seperate indicator for range and volume.

Would you mind sharing that indicator?

Thanks
Ash

[OAC]

Sorry I have them as separate indicators and they work fine because both are on audio alerts. Plus I don't use TradeStation.

[littlefatmamat]

I have the dearly-paid-for TTM indicator, and ran the open source squeeze indicator head to head with the TTM squeeze. The difference is negligible. Both will give false signals. You might be able to tighten it up by changing the length, bollinger band and keltner channel settings on each time frame you use. I tried that and it did help some. But I really don't pay that much attention to the squeeze any more.

[forsearch]

	Quote:	3monkeys

The reason you see the "dummy" notation is even more insidious.

It's because TTM "re-engineered" this indicator directly from the TS forums, and forgot to remove this line of test code.

You're welcome to go to the TS forums and see the original from 2003 before TTM purloined it for themselves.

-fs

[forsearch]

	Quote:	OAC
	As far I know, the momentum part of the TTM squeeze indicator is same as a standard one.

Nope. It's actually the delta of price from the midpoint of a Donchian channel.

	Quote:	OAC
	The squeeze part is a little different in that in addition to the Keltner-BB part, it also has an ATR(average true range) component. Personally I don't think it is that important because the indicator does not trigger a trade by itself.

Ummm, OK. But mistaken again.

Keltner Channel (KC) is based on ATR. Bollinger Bands (BB) are based on Standard Deviation. The setup is when the BB moves inside the KC - a so-called "Squeeze" . It denotes a period of low volatility.

Then when the BB moves OUTSIDE the KC, the trade is triggered. This means that volatility has increased (remember that BB is a measure of Standard Deviation, hence, volatility)...

Go with the trade in the direction of the prevailing momentum as determined by price or the histogram, or whatever confirmation you choose.

-fs

[OAC]

Those comments were not my own, they came from a John Carter/Hubert Senters's video.

[forsearch]

	Quote:	OAC
	Those comments were not my own, they came from a John Carter/Hubert Senters's video.

Typical.

-fs