BB Squeeze (Version of TTM Squeeze)

[ashokkuttan]

Hi,

I'm new to this forum and had downloaded the _BBSqueeze indicator which was something similar to TTM SqueeZe. I have seen Carter's video on the Squeeze itself and he says that the squeeze will turn a first red dot and that will be his indicator either go long or short.

I used the _BB Squeeze and when i applied it to ADBE today, the signal was totally wrong. Between the time frame 10:40 to 11:40 the stock kept going higher, however ths squeeze was giving a faded green color ( should indicate a price slowdown).

Is there anything wrong with this particular squeeze indicator? Is there anything that is more upto date that mirrors the TTM indicator?

Any help is greatly appreciated.

By the way this site rocks!!!!

Thanks
Ash

[ashokkuttan]

By the way it was for Trade Station.

Thanks
Ash

[OAC]

I have seen enough Carters and Senters videos to tell you that you need to take the directional indication with a grain of salt. The squeeze indicator basically warns you that there may be a directional move ahead and it does not trigger a trade by itself.

[dcstrategies]

can you post a picture --you may have the wrong setting or timeframe for adbe.
all indicators do not work exact--for instance with 50000 shares candles the squeeze would have given a great signal at your timeframe, but on a 1 minute it was a little choppy. backtest and forward test before actually trading--post a pic if you can.

[ashokkuttan]

Attached is the screenshot. As you can see, the market kept rising between 10:30 and 11:40 but the squeeze indicator was going down with faded color.

Maybe I'm interpreting the whole TTM Squeeze indicator wrong.

[OAC]

It appears to be me there are two components to the Squeeze Indicator:
(1) the BB-Keltner Squeeze part which is indicated by a series of red and blue dot at the zero line. (2) A momentum histogram that oscillates around the zero line. Between 10:30 to 11:40, the price was making higher high and the momemtun histogram was making lower high, that is called divergence.
The divergence did resolve itself shortly after 11:40 by the subsequent price decline.

[thrunner]

dcstrategies' suggestion is correct, but you can always find a time frame to fit an indicator after the fact
The point is that it is unlikely the TTM branded indicator is any better, it is a limitation of any indicator to give the signal you 'expect' at any given setting.

[ashokkuttan]

Yea, I guess indicators are always lagging and on hindsight it would have worked great. While comparing both this _BBSqueeze and TTM Squeeze, it does seem the TTM squeeze has more parameters than the one we have here.

Does anyone have the actual version of TTM that is currently used?

Thanks
Ash

[OAC]

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

[SPATEL1982]

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