![]() Three_minneg = three_minmomo = three_minmomo Ten_minneg = ten_minmomo = ten_minmomo įive_minneg = five_minmomo = five_minmomo įour_minneg = four_minmomo = four_minmomo ![]() Twenty_minneg = twenty_minmomo = twenty_minmomo įifteen_minneg = fifteen_minmomo = fifteen_minmomo Thirty_minneg = thirty_minmomo = thirty_minmomo Two_hoursneg = two_hoursmomo = two_hoursmomo Two_daysneg = two_daysmomo = two_daysmomo įour_hoursneg = four_hoursmomo = four_hoursmomo Three_daysneg = three_daysmomo = three_daysmomo Input averageType = AverageType.EXPONENTIAL ĭef K = (Highest(high, length) + Lowest(low, length)) /2 + ExpAverage(close, length) ĭef momo = Inertia(price - K / 2, length) įour_daysneg = four_daysmomo = four_daysmomo If you do not want any given timeframe displayed on your chart, simply go into the script settings and select "No" under the drop-down for that timeframe! Users can now select which time frames they want to be displayed on their chart(s). EDIT: Revised script and removed GlobalColor redundancies. UPDATE: In case anybody else wants the MTF Squeeze PRO Labels script as well, here is the link for it. I hope somebody else finds this script helpful! Any comments, corrections, and/or constructive criticism are welcomed. ![]() I'm not sure if there are any parts of the script that aren't necessary. It's based on momentum and does not show you if there's a squeeze, but rather the momentum of the trend during each time period. This is the bottom row of labels in the picture. It's identical to the new "Simpler Trading" indicator. (Description from the original author of this indicator LazyBear, all credits go to him).Multi Time Frame MTF Squeeze HISTOGRAM Colored Labels for ThinkOrSwimįor anybody interested, here is the script for the MTF Squeeze Histogram Colored Labels I wrote. ![]() – Book: Mastering The Trade by John F Carter Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Exit the position when the momentum changes (increase or decrease - signified by a color change). Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). This signifies low volatility, market preparing itself for an explosive move (up or down). This is a derivative of John Carter’s “TTM Squeeze” volatility indicator, as discussed in his book “Mastering the Trade” (chapter 11).īlack (or white) crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). ![]()
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