Soheil PKO
This video discusses the TTM squeeze, a powerful indicator created by John Carter, that helps traders identify market volatility and momentum. The TTM squeeze Pro indicator can be obtained for free on the TradingView platform. The indicator has two components: the volatility component, which is represented by dots in the middle of the indicator, and the directional component, which is represented by the histogram that moves above and below zero. The dots show different levels of compression and squeeze in the market, while the histogram helps traders discover the direction of the movement after the squeeze fires. The ideal progression of a squeeze in the market involves a tight consolidation period followed by the appearance of orange dots, then red dots, and finally green dots, which provide an opportunity for traders to enter a trade. The exit point depends on the trading strategy.
The Power of TTM Squeeze Pro Indicator for Consistent Profit
Introduction: John Carter’s TTM Squeeze Pro Indicator and how to get it for free on Tradingview
The Two Components of TTM Squeeze Pro: Volatility and Directional
Understanding Volatility Component: Bollinger Bands and Keltner Channels
Interpreting the Dots: Different Levels of Squeeze and Compression
Understanding the Directional Component: Histogram and Momentum
Trading with TTM Squeeze Pro Indicator: Entering and Exiting Positions
Conclusion: Utilizing TTM Squeeze Pro Indicator for Consistent Profit
Introduction: John Carter’s TTM Squeeze Pro Indicator and how to get it for free on Tradingview
John Carter is a renowned trader, author, and founder of Simpler Trading (formerly known as Trade the Markets). He has contributed to the development of many popular indicators in the trading world, including the TTM Squeeze Pro Indicator. This indicator is considered a guide for traders to make profit through market trends. However, this indicator used to come with a high price tag, but one can now have access to it for free on Tradingview.
The Two Components of TTM Squeeze Pro: Volatility and Directional
The TTM Squeeze Pro indicator is made up of two components: volatility and directional. The volatility component shows up as small dots in the middle of the indicator, while the directional component is a histogram that moves above and below zero. Understanding how these two components work hand-in-hand is essential to making profitable trades.
Understanding Volatility Component: Bollinger Bands and Keltner Channels
The volatility component of TTM Squeeze Pro is based on two volatility indicators – Bollinger Bands and Keltner Channels. Bollinger Bands are shown in blue on the chart and Keltner Channels are in red. When Bollinger Bands become so tight that they go completely inside the Keltner Channels, it indicates a low volatility period in the market. This means that the market is in extreme consolidation, and there is a higher chance of a breakout in either direction. This is what traders refer to as “squeezing.”
Interpreting the Dots: Different Levels of Squeeze and Compression
The dots in the middle of the TTM Squeeze Pro Indicator represent different levels of compression and squeeze in the market. Orange dots indicate a high compression or large squeeze, which means that one or both of the Bollinger Bands are inside the first Keltner Channel. Red dots show medium squeeze, which means that one or both of the Bollinger Bands are inside the Keltner Channel with a multiplier of 1.5, and black dots show low compression or low squeeze, which means that one or both of the Bollinger Bands are inside the Keltner Channel with a multiplier of 2. Finally, green dots show no squeeze, which means that one or both of the Bollinger Bands are outside of the third ATR with a multiplier of 2.
Understanding the Directional Component: Histogram and Momentum
The directional component of the TTM Squeeze Pro Indicator is represented by a histogram that moves above and below zero. When the histogram is above zero and rising, it indicates bullish movement and an advancing price. Conversely, when the histogram is below zero and falling, it indicates bearish movement and a declining price. When the squeeze fires, traders look for a rising histogram above zero to indicate an upside move or falling histogram below zero to indicate a downside move. Dark blue histogram indicates that the upside momentum is increasing, while yellow indicates that the downside momentum is decreasing.
Trading with TTM Squeeze Pro Indicator: Entering and Exiting Positions
To use the TTM Squeeze Pro Indicator for trading, traders watch out for the first green dot after any type of squeeze. The greater the squeeze, the higher the probability of explosive moves, and the less compression or squeeze means less probability for such moves and more squeezing in the market. After a period of squeeze, the first green dot appearing below zero invites traders to enter a short position, while the first green dot appearing above zero signals traders to enter a long position. John Carter suggests exiting the trades upon the formation of the second dark blue histogram in long positions and the second yellow histogram in short positions.
Conclusion: Utilizing TTM Squeeze Pro Indicator for Consistent Profit
TTM Squeeze Pro Indicator is a powerful tool for traders who want to make consistent profit through market trends. With its two components – volatility and directional – and its colorful dots and histograms, traders can easily track the market’s movements, anticipate potential breakouts, and enter and exit positions with confidence. However, traders must remember that the TTM Squeeze Pro Indicator is not a crystal ball, and it is essential to use it in tandem with other technical and fundamental analysis tools for more accurate results.
