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Registered User
Joined: 12/17/2004
Posts: 3
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Has anyone been able to build the TTM squeeze indicator into blocks ?
thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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My understanding (from TTM Squeeze Indicator) of the TTM Squeeze Indicator is the ratio of the width of a 20-Period, 2-SD Bollinger Band to the width of a Keltner Channel that uses 1.5 * the 20-Period Simple Moving Average of True Range for its distance from centerline calculations. If this understanding is correct, you should be able to Plot TTM Squeeze using the following RealCode Indicator:
Static Sum As Single
Static SumSq As Single
Static BB As Single
Static Keltner As Single
If isFirstBar Then
Sum = 0
SumSq = 0
Keltner = 0
Else
Sum += Price.Last
SumSq += Price.Last^2
Keltner += 1.5*(System.Math.Max(Price.High,Price.Last(1)) - _
System.Math.Min(Price.Low,Price.Last(1)))/20
If CurrentIndex >= 21 Then
Sum -= Price.Last(20)
SumSq -= Price.Last(20)^2
Keltner -= 1.5*(System.Math.Max(Price.High(20),Price.Last(21)) - _
System.Math.Min(Price.Low(20),Price.Last(21)))/20
End If
End If
If CurrentIndex >= 20 Then
BB = 2*((SumSq - Sum^2/20)/20)^.5
Plot = BB/Keltner
Else
Plot = Single.NaN
End If
You may also wish to review the following:
What do you get when you cross a Keltner Channel and Bollinger Bands?
-Bruce
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Registered User
Joined: 1/13/2009
Posts: 3
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what changes are required to make this work as a stock finder scan?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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maxgoldfinger,
In StockFinder, you can just right-click on the RealCode Indicator and select Create Rule to make a Rule for use as in a Filter, Scan or BackScan.
-Bruce
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Registered User
Joined: 9/23/2009
Posts: 2
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Hi Bruce, i tried to copy and paste your Realcode above and it showed an error in line 26 and 28, which is the last 4 lines. The error is : Name 'Plot' is not declared.
Any advise? (i do not know anything about realcode, im simply pasting your code.)
Cheers!
Plot = BB/Keltner
Else
Plot = Single.NaN
End If
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Administration
Joined: 9/30/2004
Posts: 9,187
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It sounds like you're trying to paste the code into a RealCode Rule. "Plot" is not recognized in a rule. Click Add Indicator, Create in RealCode and paste code.
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Registered User
Joined: 12/18/2010
Posts: 5
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Hello,
I have also copied and pasted the code to create the ttm squeeze indicator in stockfinder 5. I was wondering if someone could give a brief explanation about the levels we are looking for on the indicator.
For example, less than 1 is when the squeeze is on.
Or, as shown in the ttm video, if we plot the indicator as a bar chart, a possible exit signal is two consecutive declining bars.
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (mrcauldwell) I have also copied and pasted the code to create the ttm squeeze indicator in stockfinder 5. I was wondering if someone could give a brief explanation about the levels we are looking for on the indicator.
The trainers can't give setting, interpretation or investment advice.
QUOTE (mrcauldwell) For example, less than 1 is when the squeeze is on.
Right-click on the TTM Squeeze Indicator and select Create Condition | Less Than: 1.
Creating Conditions
QUOTE (mrcauldwell) Or, as shown in the ttm video, if we plot the indicator as a bar chart, a possible exit signal is two consecutive declining bars.
Right-click on the TTM Squeeze Indicator and select Create Condition | Net Change | Less Than: 0 | Passing 2 of the last 2 Bars.
-Bruce
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Registered User
Joined: 1/19/2012
Posts: 13
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Hello, I am clicking on Add Indicator on a chart, than I click on Write Indicator Formula, than I copy paste your code and it says Formula Error in red?? Why isnt this working?
This is the formula I am copying/pasting:
Static Sum As Single
Static SumSq As Single
Static BB As Single
Static Keltner As Single
If isFirstBar Then
Sum = 0
SumSq = 0
Keltner = 0
Else
Sum += Price.Last
SumSq += Price.Last^2
Keltner += 1.5*(System.Math.Max(Price.High,Price.Last(1)) - _
System.Math.Min(Price.Low,Price.Last(1)))/20
If CurrentIndex >= 21 Then
Sum -= Price.Last(20)
SumSq -= Price.Last(20)^2
Keltner -= 1.5*(System.Math.Max(Price.High(20),Price.Last(21)) - _
System.Math.Min(Price.Low(20),Price.Last(21)))/20
End If
End If
If CurrentIndex >= 20 Then
BB = 2*((SumSq - Sum^2/20)/20)^.5
Plot = BB/Keltner
Else
Plot = Single.NaN
End If
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It is not working in TC2000 version 12 because it is not an Indicator Formula for TC2000 version 12. It is a RealCode Indicator for StockFinder.
You could use the following Indicator Formula as a Custom PCF Indicator in TC2000 version 12 to duplicate this RealCode Indicator:
2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20) / (1.5 * (AVGH20 - AVGL20) / 2 + (ABS(H - C1) + ABS(C1 - L) + ABS(H1 - C2) + ABS(C2 - L1) + ABS(H2 - C3) + ABS(C3 - L2) + ABS(H3 - C4) + ABS(C4 - L3) + ABS(H4 - C5) + ABS(C5 - L4) + ABS(H5 - C6) + ABS(C6 - L5) + ABS(H6 - C7) + ABS(C7 - L6) + ABS(H7 - C8) + ABS(C8 - L7) + ABS(H8 - C9) + ABS(C9 - L8) + ABS(H9 - C10) + ABS(C10 - L9) + ABS(H10 - C11) + ABS(C11 - L10) + ABS(H11 - C12) + ABS(C12 - L11) + ABS(H12 - C13) + ABS(C13 - L12) + ABS(H13 - C14) + ABS(C14 - L13) + ABS(H14 - C15) + ABS(C15 - L14) + ABS(H15 - C16) + ABS(C16 - L15) + ABS(H16 - C17) + ABS(C17 - L16) + ABS(H17 - C18) + ABS(C18 - L17) + ABS(H18 - C19) + ABS(C19 - L18) + ABS(H19 - C20) + ABS(C20 - L19)) / 40)
-Bruce
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Registered User
Joined: 2/21/2016
Posts: 2
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Hi! I try to copy this code into Custom PCF Indicator:
2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20) / (1.5 * (AVGH20 - AVGL20) / 2 + (ABS(H - C1) + ABS(C1 - L) + ABS(H1 - C2) + ABS(C2 - L1) + ABS(H2 - C3) + ABS(C3 - L2) + ABS(H3 - C4) + ABS(C4 - L3) + ABS(H4 - C5) + ABS(C5 - L4) + ABS(H5 - C6) + ABS(C6 - L5) + ABS(H6 - C7) + ABS(C7 - L6) + ABS(H7 - C8) + ABS(C8 - L7) + ABS(H8 - C9) + ABS(C9 - L8) + ABS(H9 - C10) + ABS(C10 - L9) + ABS(H10 - C11) + ABS(C11 - L10) + ABS(H11 - C12) + ABS(C12 - L11) + ABS(H12 - C13) + ABS(C13 - L12) + ABS(H13 - C14) + ABS(C14 - L13) + ABS(H14 - C15) + ABS(C15 - L14) + ABS(H15 - C16) + ABS(C16 - L15) + ABS(H16 - C17) + ABS(C17 - L16) + ABS(H17 - C18) + ABS(C18 - L17) + ABS(H18 - C19) + ABS(C19 - L18) + ABS(H19 - C20) + ABS(C20 - L19)) / 40)
...but i get this error: Argument missing near *
What do i do wrong?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Does your computer use the , as as the decimal marker instead of a . as would be more common in the United States? If so, please try the following instead.
2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20) / (3 * (AVGH20 - AVGL20) / 4 + (ABS(H - C1) + ABS(C1 - L) + ABS(H1 - C2) + ABS(C2 - L1) + ABS(H2 - C3) + ABS(C3 - L2) + ABS(H3 - C4) + ABS(C4 - L3) + ABS(H4 - C5) + ABS(C5 - L4) + ABS(H5 - C6) + ABS(C6 - L5) + ABS(H6 - C7) + ABS(C7 - L6) + ABS(H7 - C8) + ABS(C8 - L7) + ABS(H8 - C9) + ABS(C9 - L8) + ABS(H9 - C10) + ABS(C10 - L9) + ABS(H10 - C11) + ABS(C11 - L10) + ABS(H11 - C12) + ABS(C12 - L11) + ABS(H12 - C13) + ABS(C13 - L12) + ABS(H13 - C14) + ABS(C14 - L13) + ABS(H14 - C15) + ABS(C15 - L14) + ABS(H15 - C16) + ABS(C16 - L15) + ABS(H16 - C17) + ABS(C17 - L16) + ABS(H17 - C18) + ABS(C18 - L17) + ABS(H18 - C19) + ABS(C19 - L18) + ABS(H19 - C20) + ABS(C20 - L19)) / 40)
-Bruce
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Registered User
Joined: 4/3/2014
Posts: 22
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Can we get a final version of the ttm squeeze? I looked through all the posts and couldn't find the final one because there were soo many. thanks in advance
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Registered User
Joined: 5/25/2017
Posts: 1
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Hello Bruce can you please send me the TTM Squeeze indicator? I am trying to get it on my TC 2000.
Thanks in advance!
- Andrew
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Registered User
Joined: 6/6/2017
Posts: 1
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Hi Bruce, can you please send me the TTM Squeeze indicator as well.
Thanks,,
Rob
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I have sent you a TCMail with a chart containing the TTM Squeeze indicator.
-Bruce
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