best metatrader squeeze momentum indicator

#Best metatrader squeeze momentum indicator free

#Best metatrader squeeze momentum indicator free

The free version on ThinkOrSwim and Barchart has only the red dots and the green dots and may be labeled as “TTM_Squeeze.” “TTM” stands for “Trade the Markets,” which was John’s company before it was rebranded to “ Simpler Trading.” In both their presentations, they are using the “Pro” version of the indicator where there are additional “black” (low-compression) and “orange” (high-compression) dots. Taylor buys on squeeze signals only when the stock is in an obvious uptrend and price is above and close to the 21-day moving average. Traders can also use the 10, 20, and 50 moving averages.

John buys after waiting for five “dots” of the squeeze, and if the price is above the 21 moving average and the other 8, 21, 34, 55, and 89 moving averages are stacked in order. You need to be more selective and wait for additional market conditions. Like all indicators, you cannot just take every squeeze signal. Using Options With The TTM Squeeze Indicator.Taylor Horton said, “you can build a career around this one setup,” and that it was the squeeze setup that allowed him to become a full-time trader. He said, “if there is one setup that I can do for the rest of my life, that’s it right there.” While this indicator is on ThinkOrSwim and Barchart, it is not present in TradingView, StockCharts, and others.Īs an alternative, we will use standard indicators to detect squeezes which give a trader an early warning when a stock is about to make a meaningful move.īefore you dismiss this as “just another indicator,” watch how its creator John Carter takes Squeeze setups with options strategies. If you ever wished you had the popular TTM Squeeze indicator on your charting platform, then this article is for you.