TTM Squeeze Pro for MotiveWave

The Squeeze Pro perfects the classic TTM Squeeze indicator with Custom Alerts and a Volume Filter. 

It indicator measures the relationship between two studies: Bollinger Bands® and Keltner's Channels. When the volatility increases, so does the distance between the bands, conversely, when the volatility declines, the distance also decreases. The Squeeze indicator finds sections of the Bollinger Bands® study which fall inside the Keltner's Channels. When the market finishes a move, the indicator turns off, which corresponds to bands having pushed well outside the range of Keltner's Channels. To produce Buy/Sell signals, the Squeeze indicator is plotted along with Momentum Oscillator. The Momentum Oscillator histogram is smoothed up with linear regression and other techniques. When the indicator is on (green) and the Momentum Oscillator is colored cyan, it is considered a Buy signal (this signal is supposed to be correct until two blue bars in a row). When the indicator is on and the Momentum Oscillator is red, it is considered a Sell signal (this signal is supposed to be correct until two yellow bars in a row). When the indicator is off (red), no trade is recommended. Bollinger Bands® is a registered trademark of John Bollinger. *For illustrative purposes only. Not a recommendation of a specific security or investment strategy.