Squeeze momentum indicator lazybear mt42/18/2024 – Check the power of the squeeze to confirm the strength of the movement. – Examine the direction and the position of the bars on the ttm squeeze’s histogram. – Try to identify if the asset is in a squeeze or not by analyzing the price chart and the color of the dots. However, to efficiently use the ttm squeeze indicator for MT4 and capture strong signals, we should follow some simple steps: Thus, depending on the position of the bars compared to the zero-line, we can predict the next price direction. Is a series of bars that indicates the current momentum. In consequence, we can describe the second element of the ttmsqueeze indicator as follow The histogram Otherwise, negative histogram bars will indicate a short squeeze that results in a future decreasing momentum. Then, it means that we should expect an increasing momentum in the market. Hence, we will identify a long squeeze if the angle of the histogram bars is positive. So, in order to determine the upcoming direction of the move, whether up or down, we should check the momentum (the MT5 ttm squeeze histogram). It indicates that there is no more squeeze condition in the market. Thus, when the bands of the BB indicator move outside of the Keltner channel lines. The second component of the ttmsqueeze indicator is the histogram which is reflected by a momentum oscillator. Therefore, depending on their color, we can predict if the market will continue squeezing or if an explosive move in price may happen. Open to feedback, questions, improvements, errors etc.As a result, we can define the first element of the ttm squeeze indicator Tradingview as follow: The dotsĪre directionless points that represent merely an indication of the current price movement. Once you enable custom date backtesting, you will see lines on the chart which can be dragged left right based on where you want to start and end the backtesting from and to. One of most crucial aspects while optimizing for backtesting is to check a strategies performance on uptrends, downtrend and sideways markets seperately as to understand the weak points of strategy. In this case it would be much more feasible to disable "Short" Trading and see results of Long Only as a built in graphic view of backtestor provides a more easy to understand data feed as compared to the performance summary in which you have to review long and short profitability separately. Many markets dont allow short trades, or are not suitable for short trades. 3) Enable and Disable Toggles of Long and Short Trades Once that is done, we should start optimizing for Long and Short TP's separately, starting with Longs first in both cases. Hence once we have a profitable backtesting setting, then we should start optimizing Long and Short SL's seperately. Many markets/pairs, go down with much more speed then they go up with. In strategies there is usually only 1 SL and 1 TP, and it is assumed that if a 2% SL giving a good profit %, then it would be best for both long and short. Zero Crossover Line (BUY signal when crossover zero line, and SELL crossdown zero line) 2) Long Short TP and SL LazyBear (I have made this simple by using Kivanc technique of Momentums Moving Average Crossover, BUY when MA cross above signal line, SELL when crossdown signal line) There was no proper strategy that would allow backtesting on which further analysis could be carried out.ġ ) Strategy Logic (easily toggleable from the dropdown menu from strategy settings) The original Squeeze Momentum Strategy did not have buy sell signals and there was alot of confusion as to when to enter and exit. Used strategy template with Take Profit, Stop Loss and Enable/Disable TogglesĪll credit goes to above Problem with original version: Taken inspiration from for its buy sell calculations, Modified version of Squeeze Momentum Indicator by to version 5,
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