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Old 03-17-2007, 09:05 AM   #1

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Red face BB Squeeze indicator

Hello
I've earlier received some help regarding the indicators used in TTM Squeeze video, I've created 2 screenshots; one displaying the BB Period:20, SD:1. Keltner Channel Period:20, ATRPeriod:10, ATRFactor:1,5
- As I understand the periods, sd and atr would those then be correct?

In the other attachment I've adjusted BB SD:1 to SD:1.5 and it gives me a much cleaner cut.

This is all indicators I know I know etc etc... But the best way to learn imho is to study what others have been doing in the past and trying to reimplement this into ones own world.

So if anybody could take a look, comment and tell me if I'm doing something wrong or point me in another direction I would be happy

Kind regards
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Old 03-17-2007, 05:51 PM   #2

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Re: BB Squeeze indicator

januson : remember that the squeeze doesnt give the trigger... it just tells you the market context (sleeping or trending ) its the momentum or some other similar oscilator that gives the trigger... look at that cci how it put you on a short before the plunge... then you could cover on the first bar inside the bb.... just an idea.... cheers Walter.
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Old 03-17-2007, 06:14 PM   #3

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Re: BB Squeeze indicator

januson, the classic accepted settings are this

BBands : 20, 2
Keltner : 20, 1.5
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Old 11-16-2008, 09:30 AM   #4

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Re: BB Squeeze indicator

Hi, I have duplicted most of the TTM squeeze for Quotetracker. I will do my best to give a brief overview. The squeeze is generated as you show, using BB 20,2 and keltner 20,1.5 or 2 . They seem to make adjustments for what market they are trading (forex, stocks, etc.).
The entry is after a squeeze, and there is a 21 and 8 EMA crossover. Then confirmed by 2 TTM colored bars confirming direction. They are generated by a 6 and 8 EMA crossover. Then they wait for the pullback to the 8 EMA to enter. In volitile markets they are using box channel breakout stops after a squeeze.
Also there is a momentum indicator/oscillator 5,22 . It is used to confirm entry direction by color of bars. It is also used to predict breakout direction. Finally it can signal early exit if momentum reverses.
For stops and profit taking watch some of their videos. They scale out and use 2 opposing colored TTM bars for exit.
You will see they use scalper alerts, I use small keltner channel price breakouts and other things. They have a video showing how they generate theirs as confirming trend highs and lows.
Their value indicator is a very fast moving oscillator. I am using a Bressert DSS , but think this is uncommon.
This system has a few things you need to have the details straight to use it well. I have watched every one of their videos for the last 4 months, I like what I see. For charts and info see www.tradethemarkets.com for new people to the idea.
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Old 11-23-2008, 06:25 AM   #5

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Re: BB Squeeze indicator

Basically the TTM Squeeze fires when the Bollinger goes from inside to outside the Keltner channels. What I have found is that it helps to change the width of the Keltner channels depending on the volatility of the markjet that day. The 20/1.5 default is good, but I've also found changing the 1.5 value to anything between 1.5 and 2 can also give very good results. I tend to go for a higher value when the markets are more volatile otherwise you find you never get a squeeze signal.
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Old 11-24-2008, 10:12 PM   #6

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Re: BB Squeeze indicator

Try to use another filter as well when using the BB squeeze.
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Old 11-25-2008, 09:51 PM   #7

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Re: BB Squeeze indicator

Try changing value 20 to 15, sometimes the squeeze fires even sooner
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Old 11-26-2008, 02:41 AM   #8

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Re: BB Squeeze indicator

Hi,

I've been trying to apply the BB squeeze indicator to the major curreny pairs. Already using it on the Ym tick charts and it works very well. I'm experimenting with different input parameter values for to improve the win rate. Does anyone have any suggestions for the best setting to use for the FX pairs?

thanks,
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