TTM Squeeze Ribbon
TTM is based on Greeny TTM, so not strict style (Yet).
TTM has multiplier and is by default set to 12 times the length of a standard TTM (12x 20 candles). So on 2h candles, it will show equivalent of 24hr TTM.
This is done to increase sampling rate for higher resolution curves.
**MAIN OSCILLATOR**
Teal and Pink line is the Main Momentum Oscillator, and behind it is the ribbon showing Momentums 2x, 3x, 4x, ... to 12x slower than Main Oscillator.
**SLOW TREND LINE**
The thick white line is the sample average (not time based moving average) of all the ribbons eg (osc1 + osc2 + osc3 ... + osc12)/12 and the thinner white line is a moving average of the thick line, to give cross over and show longer trend.
**ACCELERATION LINES**
The yellow to red to brown lines are the Momentums shorter than the Main oscillator eg x/2, x/3, x/4 and show the Acceleration of Main Oscillator, Above Zero is positive acceleration of Main Osc and the thick lime green line is the sample average of these lines.
**MAIN ACCELERATION LINE**
The lime green usually diverges with price when bottoming or topping of momentum is building and will show the change in Momentum in greater detail than just a Momentum Oscillator alone. The line leads the momentum oscillator, and When it crosses zero that means momentum has officially changed from one direction to another.
Since the lime green line is sample average of multiple lines, it changes direction more sharply than just a single oscillator line.
**PUMP BAND**
The dark green line with red outline is a bollinger band applied to the lime green line acceleration line. It shows squeezing when the lime green line is consolidating and blows out when the lime green line becomes volatile and makes a move in whichever direction.
**TTM SQUEEZE**
The dots show 4 squeezes on multiple time frames, but is not multiplied by 12x like the oscillators. Eg, the smallest dot on 2h candles is for 2h, but momentum as explained above is multiplied by default 12x so it is 24h. Th squeezes are multiples ranging from 1x (small black square), 2x Larger white square, 3x larger black square, 4x largest white square.
**SETTINGS**
The multiplier can be changed, so setting to 1x will be the same as regular TTM, but resolution will be greatly reduced. 12x seems good.
Thiccness just makes the lines thicker if you are using 4K screen or Mobile phone you can adjust to what looks good.
Im still learning how to use this and plan to make more changes so experiment and see if you can read the patterns. Hopefully that all made sense good enough.
Good ones to try is, BNB on 2h, SPX on 3d, BTC on 2h, VIX,
Enjoy and let me know what you think, only sharing this with few people for now
TTM has multiplier and is by default set to 12 times the length of a standard TTM (12x 20 candles). So on 2h candles, it will show equivalent of 24hr TTM.
This is done to increase sampling rate for higher resolution curves.
**MAIN OSCILLATOR**
Teal and Pink line is the Main Momentum Oscillator, and behind it is the ribbon showing Momentums 2x, 3x, 4x, ... to 12x slower than Main Oscillator.
**SLOW TREND LINE**
The thick white line is the sample average (not time based moving average) of all the ribbons eg (osc1 + osc2 + osc3 ... + osc12)/12 and the thinner white line is a moving average of the thick line, to give cross over and show longer trend.
**ACCELERATION LINES**
The yellow to red to brown lines are the Momentums shorter than the Main oscillator eg x/2, x/3, x/4 and show the Acceleration of Main Oscillator, Above Zero is positive acceleration of Main Osc and the thick lime green line is the sample average of these lines.
**MAIN ACCELERATION LINE**
The lime green usually diverges with price when bottoming or topping of momentum is building and will show the change in Momentum in greater detail than just a Momentum Oscillator alone. The line leads the momentum oscillator, and When it crosses zero that means momentum has officially changed from one direction to another.
Since the lime green line is sample average of multiple lines, it changes direction more sharply than just a single oscillator line.
**PUMP BAND**
The dark green line with red outline is a bollinger band applied to the lime green line acceleration line. It shows squeezing when the lime green line is consolidating and blows out when the lime green line becomes volatile and makes a move in whichever direction.
**TTM SQUEEZE**
The dots show 4 squeezes on multiple time frames, but is not multiplied by 12x like the oscillators. Eg, the smallest dot on 2h candles is for 2h, but momentum as explained above is multiplied by default 12x so it is 24h. Th squeezes are multiples ranging from 1x (small black square), 2x Larger white square, 3x larger black square, 4x largest white square.
**SETTINGS**
The multiplier can be changed, so setting to 1x will be the same as regular TTM, but resolution will be greatly reduced. 12x seems good.
Thiccness just makes the lines thicker if you are using 4K screen or Mobile phone you can adjust to what looks good.
Im still learning how to use this and plan to make more changes so experiment and see if you can read the patterns. Hopefully that all made sense good enough.
Good ones to try is, BNB on 2h, SPX on 3d, BTC on 2h, VIX,
Enjoy and let me know what you think, only sharing this with few people for now
Versionshinweise:
UPDATE 11 AUG 2018 - Better Graphics - TTM Ribbon Momentum with Acceleration, and Multi Time Frame Squeeze
This TTM is designed to give clearer picture of momentum. By Default is 12x slower than regular TTM Momentum, this is to increase resolution of curves (increased sample rate).
Eg. 2h candles x 20 Length TTM x 12 = 24h main momentum oscillator,
**MAIN OSCILLATOR**
Teal and Pink line is the Main Momentum Oscillator, and behind it is the ribbon showing Slower Momentums 2x, 3x, 4x, ... to 12x the size of Main Oscillator.
**ACCELERATION LINE**
Blue, Red, Blue thick line, shows Acceleration (Rate of Change of Momentum). Leads the Momentum. Crossing Zero Indicates Reversal of Main Oscillator Momentum.
This Main Acceleration line is the Average Sum of the 4 Acceleration Lines. Yellow (slowest of set), Orange, Red and Brown (fastest of set).
Take note of the 4 acceleration lines crossing.
**ACCELERATION BOLLINGER**
Shows Volatility of Main Acceleration Line using Bollinger Band. Squeeze is decision point, could be entry or final warning to exit. Pump is move/change in acceleration line. Bollinger band curling back to squeeze could be end of move.
**SQUEEZE DOTS**
Squeeze dots are loose squeeze. Unlike the Main Momentum Oscillator that is 12x time frame, smallest black squeeze dot is identical to "Greeny" default 20 length TTM squeeze dot.
There are 4 dots 1x, 2x, 4x, 8x
Eg on 15 min candles
Smallest black dot is 15 min squeeze, Medium Small white dot is 30min squeeze*, Medium Large black dot is 60min squeeze*, Large White Dot is 120min squeeze*
* = not EXACTLY the same but close, except for the 1x squeeze dot, which identical to original TTM squeeze dot.
_________________________________________________________________________________________________________
This indicator is unconvetional and to be interpreted by you as I do not have a clear answer for how it should be read. But patterns seem consistant.
This TTM is designed to give clearer picture of momentum. By Default is 12x slower than regular TTM Momentum, this is to increase resolution of curves (increased sample rate).
Eg. 2h candles x 20 Length TTM x 12 = 24h main momentum oscillator,
**MAIN OSCILLATOR**
Teal and Pink line is the Main Momentum Oscillator, and behind it is the ribbon showing Slower Momentums 2x, 3x, 4x, ... to 12x the size of Main Oscillator.
**ACCELERATION LINE**
Blue, Red, Blue thick line, shows Acceleration (Rate of Change of Momentum). Leads the Momentum. Crossing Zero Indicates Reversal of Main Oscillator Momentum.
This Main Acceleration line is the Average Sum of the 4 Acceleration Lines. Yellow (slowest of set), Orange, Red and Brown (fastest of set).
Take note of the 4 acceleration lines crossing.
**ACCELERATION BOLLINGER**
Shows Volatility of Main Acceleration Line using Bollinger Band. Squeeze is decision point, could be entry or final warning to exit. Pump is move/change in acceleration line. Bollinger band curling back to squeeze could be end of move.
**SQUEEZE DOTS**
Squeeze dots are loose squeeze. Unlike the Main Momentum Oscillator that is 12x time frame, smallest black squeeze dot is identical to "Greeny" default 20 length TTM squeeze dot.
There are 4 dots 1x, 2x, 4x, 8x
Eg on 15 min candles
Smallest black dot is 15 min squeeze, Medium Small white dot is 30min squeeze*, Medium Large black dot is 60min squeeze*, Large White Dot is 120min squeeze*
* = not EXACTLY the same but close, except for the 1x squeeze dot, which identical to original TTM squeeze dot.
_________________________________________________________________________________________________________
This indicator is unconvetional and to be interpreted by you as I do not have a clear answer for how it should be read. But patterns seem consistant.
Versionshinweise:
UPDATE 11 AUG 2018 - Better Graphics - TTM Ribbon Momentum with Acceleration, and Multi Time Frame Squeeze
This TTM is designed to give clearer picture of momentum. By Default is 12x slower than regular TTM Momentum, this is to increase resolution of curves (increased sample rate).
Eg. 2h candles x 20 Length TTM x 12 = 24h main momentum oscillator,
**MAIN OSCILLATOR**
Teal and Pink line is the Main Momentum Oscillator, and behind it is the ribbon showing Slower Momentums 2x, 3x, 4x, ... to 12x the size of Main Oscillator.
**ACCELERATION LINE**
Blue, Red, Blue thick line, shows Acceleration (Rate of Change of Momentum). Leads the Momentum. Crossing Zero Indicates Reversal of Main Oscillator Momentum.
This Main Acceleration line is the Average Sum of the 4 Acceleration Lines. Yellow (slowest of set), Orange, Red and Brown (fastest of set).
Take note of the 4 acceleration lines crossing.
**ACCELERATION BOLLINGER**
Shows Volatility of Main Acceleration Line using Bollinger Band. Squeeze is decision point, could be entry or final warning to exit. Pump is move/change in acceleration line. Bollinger band curling back to squeeze could be end of move.
**SQUEEZE DOTS**
Squeeze dots are loose squeeze. Unlike the Main Momentum Oscillator that is 12x time frame, smallest black squeeze dot is identical to "Greeny" default 20 length TTM squeeze dot.
There are 4 dots 1x, 2x, 4x, 8x
Eg on 15 min candles
Smallest black dot is 15 min squeeze, Medium Small white dot is 30min squeeze*, Medium Large black dot is 60min squeeze*, Large White Dot is 120min squeeze*
* = not EXACTLY the same but close, except for the 1x squeeze dot, which identical to original TTM squeeze dot.
_________________________________________________________________________________________________________
This indicator is unconvetional and to be interpreted by you as I do not have a clear answer for how it should be read. But patterns seem consistant.
This TTM is designed to give clearer picture of momentum. By Default is 12x slower than regular TTM Momentum, this is to increase resolution of curves (increased sample rate).
Eg. 2h candles x 20 Length TTM x 12 = 24h main momentum oscillator,
**MAIN OSCILLATOR**
Teal and Pink line is the Main Momentum Oscillator, and behind it is the ribbon showing Slower Momentums 2x, 3x, 4x, ... to 12x the size of Main Oscillator.
**ACCELERATION LINE**
Blue, Red, Blue thick line, shows Acceleration (Rate of Change of Momentum). Leads the Momentum. Crossing Zero Indicates Reversal of Main Oscillator Momentum.
This Main Acceleration line is the Average Sum of the 4 Acceleration Lines. Yellow (slowest of set), Orange, Red and Brown (fastest of set).
Take note of the 4 acceleration lines crossing.
**ACCELERATION BOLLINGER**
Shows Volatility of Main Acceleration Line using Bollinger Band. Squeeze is decision point, could be entry or final warning to exit. Pump is move/change in acceleration line. Bollinger band curling back to squeeze could be end of move.
**SQUEEZE DOTS**
Squeeze dots are loose squeeze. Unlike the Main Momentum Oscillator that is 12x time frame, smallest black squeeze dot is identical to "Greeny" default 20 length TTM squeeze dot.
There are 4 dots 1x, 2x, 4x, 8x
Eg on 15 min candles
Smallest black dot is 15 min squeeze, Medium Small white dot is 30min squeeze*, Medium Large black dot is 60min squeeze*, Large White Dot is 120min squeeze*
* = not EXACTLY the same but close, except for the 1x squeeze dot, which identical to original TTM squeeze dot.
_________________________________________________________________________________________________________
This indicator is unconvetional and to be interpreted by you as I do not have a clear answer for how it should be read. But patterns seem consistant.
Versionshinweise:
updated colours to be more readable
Versionshinweise:
Updated more lol