Triple Squeeze and. Triple 10x Pro

📜 ––––HISTORY & CREDITS
This script is a unique blend of the Simpler Trading's Triple Squeeze and 10x Pro indicators. These have been favoured and popularised by John Carter (JC) and the Simpler Trading Crew. The Triple Squeeze Pro and 10x Pro indicator was designed to identify areas of highly correlated movement in the markets, allowing traders to see the overall market conditions and move with the flow of the markets. The 10x Pro indicator enhances this by providing additional insights into market trends.

🎯 ––––WHAT IT DOES
The Script has 2 settings. One concerning the Squeeze Pro and the other 10x. The Squeeze indicator created by JC is a volatility contraction indicator. The 10x is created by JC and is a measure for movement.

The Simpler TripleSqueeze and 10x Pro script is a powerful tool that allows traders to identify potential trading opportunities based on market alignment and squeeze momentum. It provides a comprehensive view of the market by tracking and comparing up to 16 different symbols simultaneously. By default the script plots the large sector groups to create a macro view for those scripts.

The script uses color-coded dots to indicate market conditions:
For the SQUEEZE
⚪️ White dot signifies Narrow Squeeze (the tightest squeeze)
🔴 Red dot signifies Normal Squeeze (the standard squeeze)
🟠 Orange dot signifies Wide Squeeze (the earliest squeeze)
🟢 Green dot signifies No Squeeze

For the 10X
🟢 Green dot signifies strong conviction and upward trend
🟠 Orange dot signifies absence of strong directional conviction
🔴 Red dot signifies strong conviction and downward trend

This visual representation helps traders quickly identify potential entry and exit points for trades.

The indicators work on any timeframe that is being applied to.

ABOUT THE INDICATORS
10x indicator aids traders in monitoring trend quality and strength by integrating the calculations of the ADX and DMI indicators. It displays bars in three distinct colors—green, yellow, or red—based on the underlying trend direction and conviction. The indicator determines if the ADX is positive and above specific thresholds to conclude a bullish momentum.

Squeeze indicator monitors the times when there is a contraction in volatility. The way it measures that is when the Keltner Channels move inside the Bollinger Bands. The further inside they move the stronger the squeeze.

🛠️ ––––HOW TO USE IT
To use this script, simply input the symbols you want to track in the Ticker Inputs section. The script will then analyze these symbols and display a color-coded dot for each one, indicating the current market condition. It is best to use the indicator as an additional conviction. It is very useful to have a macro overview of the stock and its respective sector as well as the general market. The indicator is called Triple Squeeze precisely because it is asking the trader to look for 3 squeezes: THE STOCK, THE SECTOR, THE MARKET. According to JC this is when large moves in the established trend. This is when we deploy the Tipple 10x to look for additional confirmation of the script

This script is designed to be used as part of a comprehensive trading strategy. It is recommended to use it in conjunction with other indicators and tools to confirm signals and avoid false positives. Always consider your risk tolerance and investment objectives before making trading decisions.

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.

Link to TradingView script

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.