CCI Money Squeeze Indicator for ThinkorSwim

BenTen

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I have used this indicator to find many lucrative opportunities. This indicator takes the moving average of CCI in custom, volatility-specific conditions. CCI measures "overbought" in the red-shaded region and "Oversold" in the green-shaded region. The shaded regions do not constitute a buy/sell signal alone, the MS CCI Squeeze is best used when market conditions agree and is best used when the user has fundamental reasoning for "reversal-like" situations to align.

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thinkScript Code

Code:
# MS MONEY CCI SQUEEZE
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/SnjJtj5q-MS-MONEY-CCI-SQUEEZE/

declare lower;

input length1 = 14;
input ma_length = 13;
input src = close;
def ma1 = simpleMovingAvg(src, length1);

def cci1 = (src - ma1) / (0.015 * StDev(src, length1));

plot line1 = cci1;
#def line_unknown = expAverage(cci1, ma_length);
#plot line_un = line_unknown;

line1.AssignValueColor(if (cci1 > expAverage(cci1, ma_length)) then color.green else color.white);

plot ZeroLine = 0;
plot Onehun = 100;
plot negOnehun = -100;
plot twohun = 200;
plot negTwohun = -200;

ZeroLine.AssignValueColor(color.MAGENTA);

addcloud(onehun, twohun, color.red, color.red);
addcloud(negonehun, negtwohun, color.green, color.green);
 

horserider

Well-known member
VIP
Sorry but this already exists as a ToS study ,,, CCIAverage
Plus the ToS study has the average line.

May have slightly different math but result is the same.
 

Allenew79

New member
@BenTen if you have any free time , is possible crate scan MS MONEY CCI SQUEEZE daily crossed above 100 or below -100 . to me is buyer start to step in , thanks very much
 

BenTen

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@Allenew79 You can do that via the Scan tab. Just select the condition as CCI_Squeeze crosses above 100 or below -100.
 

pupu

Member
I am not quite sure when Ben referred "Money Squeeze" part for the name of the study.

The Math of this study is very similar to classic CCI beside the above mentioned. Than which part of the study makes it specific to "Money" and "Squeeze"?
 
Last edited by a moderator:

MerryDay

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I am not quite sure when Ben referred "Money Squeeze" part for the name of the study.

The Math of this study is very similar to classic CCI beside the above mentioned. Than which part of the study makes it specific to "Money" and "Squeeze"?
It seems that you are asking two totally separate questions.
So I split your post into two separate posts.

The CCI Money Squeeze Indicator was ported from here:
https://www.tradingview.com/script/...UEEZE/#:~:text=I have used,and strength trend.
As to why the original poster on Tradingview decided to call the classic CCI averages, a money squeeze, there is no way of knowing.
 

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