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.
PRODUCT INFO
📜––––HISTORY & CREDITS––––
The [TTI] Squeeze Rotation NEW indicator is an innovative creation by TintinTrading, embodying a unique approach to analyzing market momentum through a multitimeframe lens. The indicator is built on the top of the popular idea of JC's Squeeze Indicator. It is drawing inspiration from classical technical analysis, this tool has been engineered to encapsulate a more nuanced view of market dynamics. Through the lens of six different timeframes, it encapsulates the essence of market momentum and volatility, providing a vivid depiction of potential market movements.
🦄–––UNIQUENESS–––
The [TTI] Squeeze Rotation NEW indicator stands apart with its integration of multi-timeframe analysis within a singular structure. Unlike other indicators, it allows you to see the Squeeze momentum of multiple timeframes on the same chart. It uses color coding to show when we have Bullish raising and falling as well as Bearish raising and falling momentum across other 5 timeframes. The multi plot allows you to see shifts in the direction of trend.
The color-coding system signifies the momentum state across six different timeframes (defined by the user), providing a spectrum of insights at a glance. Unlike standard momentum indicators, this tool amalgamates a range of momentum indicators across multiple timeframes, offering a composite view of the market's momentum, which is valuable for traders aiming for precise market timing.
🛠️––––WHAT IT DOES––––
IDEA:
The core idea is to unveil the market's momentum nuances across various timeframes, helping traders discern potential momentum shifts earlier.
CALCULATIONS:
The script employs linear regression*(read below 👇), as it calculates a Squeeze Histogram for each of the chosen timeframes. It then assesses the momentum by comparing the current price against a blend of high, low, and exponential moving average values. The regression calculation are applied over the short term swings of the stock. The composite momentum across timeframes is represented via color changes in price bars.
👉*Linear regression is a statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data. In the context of this script, linear regression is used to model and understand the trend of price movements over a specific period
PLOTS:
The script plots six histograms representing different timeframes, with a color-coding system indicating the momentum direction and magnitude.
Additionally, it alters the bar color based on aggregated momentum information, providing a clear visual cue on the prevailing market momentum. The color coding of the bars has 2 different types of settings. 1) Color coding based on the Aggregate values of the script across all 6 timeframes and 2) Color coding based on a Higher timeframe (chosen from the Settings).
HTF0 = Timeframe 1
HTF1 = Timeframe 2
HTF2 = Timeframe 3
HTF3 = Timeframe 4
HTF4 = Timeframe 5
HTF5 = Timeframe 6
💡 ––––HOW TO USE IT––––
- Install the indicator on your TradingView chart.
- Utilize the color-coded histograms and bar colors to assess the prevailing momentum across various timeframes.
- Customize the indicator settings to align with your trading style, including altering timeframe settings and color schemes.
- Integrate this indicator within your existing trading strategy, ensuring a multi-dimensional view of market momentum.
REMEMBER, ALL TRADING INCLUDES RISK. NEVER RELY SOLELY ON A SINGLE INDICATOR. INCORPORATE IT INTO YOUR BROADER TRADING METHODOLOGY AS A COMPLEMENTING SOURCE OF INFORMATION.
ACCESS INFO
For Tradingview:
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.
DELIVERY
After payment is made, access to the script will be given within 2 hours
PROMO VIDEO
If you are looking for Promo videos, where you can compare the original indicators to what we have creted there are plenty of public information in Youtube. If you have trouble finding them shoot us a message.