Taylor's Big3 Squeeze + MTF

📜 ––––HISTORY & CREDITS––––
The Taylor Big3 Squeeze NEW indicator is a new updated way on using the popular TTM Squeeze created by John Carter from Simpler Trading. This updated version of the classical Squeeze, is optimized with additional features, refined algorithms and multi-timeframe view.

🦄–––UNIQUENESS–––
👉 Categorization of the Squeeze: The classical squeeze does not distinguish between Bullish and Bearish squeezes. The Big3 Squeeze does this by adding additional criteria and changing the calculations of the squeeze. For one it requires times when short term, mid term and long term moving averages to be stacked positively for a bullish signal and stacked negatively for a bearish signal. The indicator uses 5 different timeframes of Moving Averages. It also looks at the position of the stock compared to its 50 Day SImple Moving Average as another filter that stacks probabilities to the long or short side of the trade.
👉 Custom Momentum Line for the squeeze: This looks at periods when MACD line is above the Signal Line as a bullish criteria for the indicator. This additional perspective allows you to see when the momentum is increasing or decreasing, not only when there is a volatility contraction.
👉MultiTimeframe Labels Analysis: This indicator's distinctiveness lies in its ability to perform multi-timeframe analysis (user input), along with the mathematical optimization of the original TTM Squeeze. It employs a calculation where the Bollinger Upper Band is subtracted from the Keltner Upper Band to identify the Squeeze condition. Apart from checking the MTF (multitimeframe) condition the Labels checks the position of the closing price against a long term moving average and then evaluates the alignment of 2 other Exponential Moving Averages (EMAs) to ascertain market trend strength. It checks if the EMAs are in a particular sequence— either ascending or descending. Lastly it involves the MACD calculations to determine is the timeframe has a bullish or bearish momentim.

🛠️––––WHAT IT DOES––––
IDEA:
The general idea of the indicator is to find periods of time that show contraction of volatility (that we call squeezes) and then determine other variables to determine trend. When there is a contraction of volatility and the trend is bullish, then the probabilities lie for a higher move and vice versa. When there is a squeeze and the Bullish trend criteria is met with , then we have a Big3 Buy signal. When there is a squeeze and the Bearish trend criteria is met, ten we have a Big3 Sell signal.

CALCULATIONS:
The indicator performs the following calculations including Bollinger Bands over short term length, Keltner Channels with a hard-coded multiple and MACD calculation of fast and slow line. Additionally, the utilization of 5 Exponential Moving Averages and 1 Simple Moving average assess the trend. The Squeeze condition is computed as the difference between the Bollinger Upper Band and the Keltner Upper Band.

PLOTS:
The indicator plots on a new pane below the price action.
It plots 4 different parts.
Part 1: The Squeeze - this is a plot on the Zero line with either gray or blue dots. A blue dot signifies that a squeeze is printing, while a gray dot signifies that there is no squeeze.
Part 2: The buy and sell arrows - this plots green up arrows (as a buy signal) and red down arrows (as a sell signal). A green arrow means that there is an active squeeze and an active buy signal. A red arrow down means that there is an active squeeze and an active sell signal.
Part 3: The Momentum Line - the momentum criteria line can be blue or red. When the mometum line is blue and raising then the momentum is considered bullish. When the momentum is red and lowering the momentum is considered bearish.
Part 4: The MTF Labels - The MTF Labels show the Buy and Sell signals on many timeframes. This is helpful for finding a 'nested squeeze' setups (when there is a squeeze setting up on a Weekly, Daily and Intraday or simply Long, Mid and Short timeframes).

• 🔵 A blue color is showing a neutral squeeze (there is a squeeze but not a strongly determined trend).
• 🟢 A green color show that there is a squeeze and a bullish trend.
• 🔴 A red color is showing that there is a squeeze and a bearish trend.
• 🌚 A gray color is showing that there is no squeeze.

💡 ––––HOW TO USE IT––––
1. Install the indicator on the chart and add it to your main trading timeframe on a new pane below the price.
2/ Adjust the settings if needed.
3. Read the current timeframe and the Multi-timeframes. Look for confluence between signals.
4. Before committing to trading with the indicator review how it has generated signals in the past - REMEMBER NO INDICATOR CAN GIVE PERFECT SIGNALS AND THERE IS ALWAYS A TRADE-OFF.
If you want adjust the coloring of the indicator to match your chart style

The indicator generates "Bullish Signals" and "Bearish Signals" on the current timeframe based on a confluence of conditions:

• Bullish Signal (Green Up Arrow): Triggered when the Squeeze is active, MACD Differential is positive, and the EMAs align in ascending order with the close above long term Simple Moving Average.
• Bearish Signa (Red Down Arrow)l: Activated when the Squeeze is active, MACD Differential is negative, and the EMAs align in descending order with the close below long term Simple Moving Average.
• A multi-timeframe table is also provided to give traders a quick glance at market conditions across different timeframes.

• • 
    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.

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.

After payment is made, access to the script will be given within 2 hours

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.