Indicators: TTMS

[Automated-Trading]

TTMS:

John Carter TTM Squeeze - an indicator of trend zones. The indicator is drawn as a histogram with signal labels along the center line. It has seven configurable parameters:

• BB period - Bollinger Bands calculation period;
• BB deviation - Bollinger Bands deviation;
• Keltner period - Keltner Bands calculation period;
• Keltner smooth period - Keltner Bands smoothing period;
• Keltner smooth method - Keltner Bands smoothing method;
• Keltner deviation - Keltner Bands deviation;
• Signal label size - the size for signal labels.

Interpretation: when the signal labels are colored, it means a trading zone is found. Trades should be performed in accordance with direction indicators, the moving average, the intersection of Bollinger Bands or MAs, etc.

Author: Scriptor

[Andre Gomes]

Excellent. Thanks for sharing!