Quick Hits Squeeze Rotation
The objective of utilizing my Big 3 Indicator, along with signals and the squeeze, is to pinpoint the precise moment when all elements are primed for action. The greatest difficulty in trading lies in exercising patience until all factors align favorably. Recently, I've adopted a strict approach, tolerating no deviations from expected stock behavior, and have been quick to minimize losses in order to shift focus to the next trading opportunity.
📜 ––––HISTORY & CREDITS––––
This indicator is adeveloped by TintinTrading, conceived out of the principle of squeeze momentum, a reputable method for identifying potential breakouts in price action. It was inspired by John Carter in his Quick Hits. By stretching the concept of the squeeze over multiple time frames and encasing the analysis within a user-friendly, visually intuitive indicator, TintinTrading has forged a tool that augments a trader's arsenal in the pursuit of profitable breakout opportunities. The Quick Hits Squeeze Rotation Signal is the latest evolution of the Squeeze methodology initially introduced in the book "Mastering the Trade" by John Carter from Simpler Trading (more information about this in the last section).
The prowess of the Quick Hits Squeeze Rotation Signal indicator lies in its capability to concurrently analyze squeeze components (esp the hisotgram) on multiple time frames, melding the findings into a unified signalling apparatus. The tool is especially useful for intraday or as JC calls them "Quick Hits" trades, however it looks that they are aligned with the larger timeframe analysis of the squeezes especially around how their oscillators act around the zero line. The indicator plots arrows and labels when the squeeze histogram on various timeframes turns from downtrending to uptrending or when it crosses the zero line /all customizable in settings/. Traders can choose their main timeframe which they want to pay attention to. This allows traders to see when the trend starts turning or when there is confluencing signals across timeframes.
This multi-timeframe analysis, when coupled with personalized visual representations and an intuitive alert system, empowers traders to stay ahead of the market's momentum, efficiently identifying potential breakout setups. Furthermore, the indicator's utilization of advanced mathematical computations provides traders with a tool for discerning market behavior.
🛠️––––WHAT IT DOES––––
By scrutinizing six user-defined time frames, the indicator examines the squeeze histogram cross and reversal conditions for each, amalgamating the positive and negative signals from these analyses. This consolidation provides a succinct view of the market's momentum across these time frames. Specific signals are meticulously plotted on the chart, facilitating visual analysis. An alert feature is also incorporated to notify the user when certain conditions are met in a chosen alert time frame.
The core calculations within the Quick Hits Squeeze Rotation Signal indicator are grounded on the principles of statistical analysis and probability theory. It employs Bollinger Bands and Keltner Channels to ascertain the squeeze conditions, analyzing the standard deviation and average true range of price movements over the designated time frames. The computation of reversal conditions is carried out through the examination of the histogram cross, which involves a meticulous analysis of moving average convergence and divergence (MACD) values across the chosen time frames. The aggregation of signals is achieved through a weighted summation method, which integrates the signals from each time frame to generate a composite momentum score.
The indicator furnishes a rich visual landscape to support traders in their analytical endeavors. The primary plots include white upward and downward triangles that signify crosses of the oscillator line across the zero line. A bullish cross is a triangle pointing up and bearish cross is a triangle poitning down. The color, size, and position of these triangles are adjustable to suit individual preferences.
RED AND GREEN ARROWS
Second Moreover, the indicator plots a squeeze histogram, providing a visual representation of the market's squeeze conditions over time. The histogram coloration dynamically shifts between green and red, portraying bullish and bearish momentum. A red arrows shows when the trend turns from uptrending to downtrending. A green arrows shows then the trend turns from downtrending to uptrending. This can be shows for different timeframes and could be turned on or off.
Additionally, the indicator offers a variety of labels and textual annotations that provide contextual information, assisting traders in interpreting the signals and making informed decisions. The user-friendly interface ensures that the trader can choose a 'main' timeframe or a timeframe that they want to watch carefully. When they choose the timeframe, the indicator will plot on the chart crosses and turns for these timeframes on the chart as a label. A green label up is bullish and a red label down is bearish.
Alerts have been integrated and traders can be alerted for the crosses and turns for their desired timeframe.
💡 ––––HOW TO USE IT––––
The Quick Hits Squeeze Rotation Signal indicator is tailored to pinpoint potential breakout opportunities across a spectrum of time frames. Utilize this indicator to discern the convergence of bullish or bearish signals across six user-defined time frames.
1. Choose the timeframes that make sense for your trading. If you are an intraday trader trading off the 5min chart, then you can use 5m, 10m, 15m, 1h, 4h, 1D timeframes.
2. Set up the settings - sometimes you might get too much noise here. In the settings you can customize to see what is important for you.
3. Choose the key timeframe - this is the timeframe that is most important to you
4. Customize the signals you want to see on the chart - wether the crosses to the zero line, the turns from trend change direction, both or none.
The visual cues rendered on the chart in the form of upward or downward triangles, and labels, indicate potential bullish or bearish conditions emanating from the squeeze histogram cross and reversal computations. Look for confluence of timeframes and signals
🦖–––EVOLUTION OF THE SQUEEZES–––
Here is how the squeeze methodology has been involved over the years. TinTinTrading has ensured that TradingView users have those tools available and has created each one of them.
👉 Original Squeeze - showing contractions and historgram (here)
👉 Squeeze Pro - showing low, mid and tight contractions and histogram (here)
👉 Multi-Squeeze Pro - showing a point in time over different timeframes as a label (here)
👉 Multi-Squeeze Pro Histogram - showing a point in time over different timeframes for the histogram as a label (here)
🥇 Squeeze Rotation - adds the information about the oscillator moves across multiple timeframes. Link below:
🥇 Quick Hits Squeeze Rotation Signal - current script.
After you have purchased the indicator have to send us your TradingView username in order to get access.
ThinkorSwim (available, but separate):
Please send us an email and if you would like a ThinkorSwim version of this script. ThinkorSwim version is sold separetly from the TradingView version of the script and takes 5 days of delivery.
After payment is made, access to the script will be given within 2 hours