TTM Squeeze| Easy to Identify the Trend of the Market |Thinkorswim #shorts

TTM Squeeze
#shorts

TTM Squeeze

TTM_Squeeze
Description
The Squeeze 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.

[shawniehoward]

I love the TTM Squeeze. It's such an underrated indicator.

[lanreoshisami]

The TTM Alert was giving too much false signals. But the squeeze was on point