TTM Squeeze Indicator Update
April 8, 2006 by Trader Rich
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I've received many requests for my version of the TTM Squeeze Indicator. I can't technically call it the TTM Squeeze Indicator because it doesn't have the exact functionality as the indicator that costs $300+. Specifically, the difference isn't with the actual squeeze indication because that is exact. The difference is with the corresponding momentum histogram. While my momentum histogram provides the same trading direction as the TTM proprietary Squeeze indicator (bullish or bearish), it may not provide the smoothing characteristics that seem inherent in their momentum histogram. So my indicator will provide you with the exact functionality as the TTM Squeeze Indicator for SQUEEZE indication and entry direction. What it won't provide exactly is momentum change for exit. They recommend that you exit when the momentum oscillator starts weakening. I would recommend the same but I cannot say for sure that their momentum oscillator is any better than using the MACD or Momentum indicators for exit. From my experience, it is best whether your using the TTM or my squeeze indicator to get additional confirmation for exit.
Either way I find this indicator to be great for showing an "explosion" of volatility and even though you can create this indicator yourself using Bollinger Bands, Keltner or Donchian channels, and a momentum indicator, it just doesn't compare to having a nicely formatted custom indicator with colored dots.
The real reason for this post was to let everyone interested in this indicator to give me a little more time to release the newest version of it. Right now I'm providing the FP Squeeze Indicator (Forex Project Squeeze Indicator) version 0.1. After I've completed version 1.0, it will more closely emulate the TTM indicator, most likely as close as it possibly could. The only way I can see it emulating the TTM indicator closer is if John or Hubert from TTM reveal more about their momentum oscillator.
Currently I only provide a version for esignal but I'm thinking about providing it for MetaTrader also. I've received requests for Tradestation but unfortunately I don't use Tradestation so I don't have any way of programming it on this platform.
Look for the newest version next week. If you want me to notify you when it's complete, drop me an email and I'll add you to the list.
Popularity: 7%
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Hello,
great work.
I would be interested in the e-signal version.
Will try to convert into TradeStation. May be there are some interested guys around who will support?
All the best.
Claus.
i would like to see this version for e signal thanks:thumbup:
I would appreciated it if you could provide me with a copy. Thanks in advance!
I’d appreciate having a look at the Metastock version. Thanks for the effort and willingness to share.
I don’t have a metastock version, only esignal. If you want the esignal version, please send me an email at rich@forexproject.com and I’ll send it to you.
I should like the MT4 version, please. Good work
From where we can get these ttm squeeze chart, if some one kno can u help me to get this
Hi.
This may seem odd - but I would like it for eSignal and VTrader (if possible). Is there other supported formats?
Best regards - good work !!!
I’m not sure if this is the latest e-Signal version but I found a copy at the following:
http://share.esignal.com/groupcontents.jsp?folder=Custom%20Indicators&groupid=852
Please add my email address int your list.
Thank you.
-Chandra Sekhar
can I get a copy of your esignal squeeze indicator thanks.
email to: bus2gov@yahoo.com
Appreciate all the work you do, and wish I could repay somehow. I am interested in both the efs version, and something for metatrader.
bruceb222@tds.net
Again, Deepest Thanks,
Bruce
If there is a version of this indicator for VT Trader, may I have a copy? I was unable to find it on their forum, even though that is where I found out about it.
I really appreciate you sharing your work. Thank you!
Best regards,
Evelyn
ebroom2@comcast.net
If there is a version of this indicator for VT Trader, may I have a copy?I really appreciate you sharing your work. Thank you!
best regards,
Roland
roly@roly.sk
would you please forward me the Squeeze indicator for esignal. My email address is ymharmon@gmail.com.
thank you.
I would like a copy: grobbins@bear.com
If you can, please add me to the list. Thank you!
calvinbrewer@hotmail.com
I am interested in obtaining this indicator for Metatrader4. My email address is gffquick@yahoo.com. Thanks
Hello,
Good work.
I would appreciated it if you could provide me with a copy of MT4 version ( ttm squeeze ).
thank you.
best regards,
Tina : xmanns@msn.com
Hi there,
i would also be interested in receiving the ttm squeeze indicator for mt4.
Thx !
Chris: anthean@gmx.de
would you please forward me the Squeeze indicator for esignal. my e-mail is
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I have (almost) the same indicator for Amibroker, but I haven\’t used it much. It doesn\’t use anything other than bollinger and keltner, the problem I have is determining direction. Your post has helped me. I have downloaded your esignal file and I\’ll attempt to translate it, using the direction part. Can you summarize how the indicator used momentum to signal direction? Is it as easy as it sounds (momentum direction??)
Please please send a copy of this indicator.
Thanks John
jculbre57@yahoo.com