Developing a Squeeze Histogram Formula

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trouble56

New member

I am looking for help developing the formula for the Squeeze Histogram value so I can create a multi-timeframe indicator for Squeeze. This is what I was using for my formula but this formula only works if the time frame on my chart matches the timeframe I am assessing.

input higher_time_frame_1 = AggregationPeriod.two_days;

def squeezeHist1 = reference TTM_Squeeze(close(period = higher_time_frame_1), 20, 1.5, 2.0, 1.0).Histogram;

If it is a different timeframe then the formula is not correct. I believe it means that I need to actually calculate Squeeze without referencing the building indicator but I don't know how to do this. Any help would be greatly appreciated.

Thank you,

Aaron
 
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sudha

New member
Hello,

Below is the code for SQueezePRO and can anyone help me with the updating it to MTF .. Thanks in advance

declare lower;

def nBB = 2.0;
def Length = 20.0;
def nK_High = 1.0;
def nK_Mid = 1.5;
def nK_Low = 2.0;
def price = close;

def momentum = TTM_Squeeze(price = price, length = length, nk = nk_Mid, nbb = nbb)."Histogram";
plot oscillator = momentum;
def BolKelDelta_Mid = reference BollingerBands("num_dev_up" = nBB, "length" = Length )."upperband" - KeltnerChannels("factor" = nK_Mid, "length" = Length)."Upper_Band";
def BolKelDelta_Low = reference BollingerBands("num_dev_up" = nBB, "length" = Length )."upperband" - KeltnerChannels("factor" = nK_Low, "length" = Length)."Upper_Band";
def BolKelDelta_High = reference BollingerBands("num_dev_up" = nBB, "length" = Length )."upperband" - KeltnerChannels("factor" = nK_High, "length" = Length)."Upper_Band";
oscillator.DefineColor("Up", CreateColor(0, 255, 255));
oscillator.DefineColor("UpDecreasing", CreateColor(0, 0, 255));
oscillator.DefineColor("Down", CreateColor(255, 0, 0));
oscillator.DefineColor("DownDecreasing", CreateColor(255, 255, 0));
oscillator.AssignValueColor(
if oscillator[1] < oscillator then if oscillator[0] >= 0
then oscillator.Color("Up")
else oscillator.Color("DownDecreasing")
else if oscillator >= 0
then oscillator.Color("UpDecreasing")
else oscillator.Color("Down") );
oscillator.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
oscillator.SetLineWeight(5);

plot squeeze = If(IsNaN(close), Double.NaN, 0);
squeeze.DefineColor("NoSqueeze", Color.GREEN);
squeeze.DefineColor("SqueezeLow", Color.black);
squeeze.DefineColor("SqueezeMid", Color.RED);
squeeze.DefineColor("SqueezeHigh", Color.orange);
squeeze.AssignValueColor(if BolKelDelta_High <= 0 then squeeze.Color("SqueezeHigh") else if BolKelDelta_Mid <= 0 then squeeze.Color("SqueezeMid") else if BolKelDelta_Low <= 0 then squeeze.Color("SqueezeLow") else squeeze.color("noSqueeze"));
squeeze.SetPaintingStrategy(PaintingStrategy.POINTS);
squeeze.SetLineWeight(3);
 

caseyjbrett

Member
If no one happens to take on this project. Here are some of the already existing MTF squeezes:
https://usethinkscript.com/threads/developing-a-squeeze-histogram-formula.3408/#post-31512
Wow, what a coincidence. I've been working on this on my own and came on here to post some code for help and found that you are looking to have the same thing! MTF Squeeze Pro in Labels. So i need some help. here's a snippet of the MTF Squeeze Pro Labels code. For some reason, the labels only populate on time-frames GREATER THAN the time-frame of the labels. For instance, all squeeze pro labels populate on the monthly timeframe but NONE of them populate on the 1minute time frame. In addition, if I'm using a 5min chart, the 5min squeeze pro label doesn't populate. Can somebody help me out here? I've compared the code to a few other MTF label codes and have tried a few different things but nothing seems to work. You can see in the code provided that I've coded the labels in 2 different ways. I've tried 3 or 4 but have only attached 2. Thank you!
Code:
### MTF Squeeze Pro LABELS
##Global Variables
def length = 20;
def AlertLine = 1;
def nk1 = 1;
def nk2 = 1.5;
def nk3 = 2;
def nBB = 2;
def averageType = AverageType.SIMPLE;
def displace = 0;
def trueRangeAverageType = AverageType.SIMPLE;

########################################

## FIVE_MIN Aggregation Period Variables

########################################

def FIVE_MINPrice;
def FIVE_MINATR;
def FIVE_MINSDev;
def FIVE_MINDenom1;
def FIVE_MINDenom2;
def FIVE_MINDenom3;
def FIVE_MINBBSInd1;
def FIVE_MINBBSInd2;
def FIVE_MINBBSInd3;
def FIVE_MINPreSqueeze;
def FIVE_MINSqueeze;
def FIVE_MINExtraSqueeze;
def FIVE_MINAggregationPeriod;

if GetAggregationPeriod() <= AggregationPeriod.FIVE_MIN {

    FIVE_MINPrice = close(period = "FIVE_MIN");
    FIVE_MINATR = Average(TrueRange(high (period = "FIVE_MIN"), close(period = "FIVE_MIN"), low(period = "FIVE_MIN")), length);
    FIVE_MINSDev = StDev(FIVE_MINPrice, length);
    FIVE_MINDenom1 = (nk1 * FIVE_MINATR);
    FIVE_MINDenom2 = (nk2 * FIVE_MINATR);
    FIVE_MINDenom3 = (nk3 * FIVE_MINATR);
    FIVE_MINBBSInd1 = If (FIVE_MINDenom1 <> 0, ((nBB * FIVE_MINSDev) / FIVE_MINDenom1), 0);
    FIVE_MINBBSInd2 = If (FIVE_MINDenom2 <> 0, ((nBB * FIVE_MINSDev) / FIVE_MINDenom2), 0);
    FIVE_MINBBSInd3 = If (FIVE_MINDenom3 <> 0, ((nBB * FIVE_MINSDev) / FIVE_MINDenom3), 0);
    FIVE_MINPreSqueeze = if FIVE_MINBBSInd1 < AlertLine then 1 else 0;
    FIVE_MINSqueeze = if FIVE_MINBBSInd2 < AlertLine then 1 else 0;
    FIVE_MINExtraSqueeze = if FIVE_MINBBSInd3 < AlertLine then 1 else 0;
    FIVE_MINAggregationPeriod = 1;
}
else {
    FIVE_MINPrice = 0;
    FIVE_MINATR = 0;
    FIVE_MINSDev = 0;
    FIVE_MINDenom1 = 0;
    FIVE_MINDenom2 = 0;
    FIVE_MINDenom3 = 0;
    FIVE_MINBBSInd1 = 0;
    FIVE_MINBBSInd2 = 0;
    FIVE_MINBBSInd3 = 0;
    FIVE_MINPreSqueeze = 0;
    FIVE_MINSqueeze = 0;
    FIVE_MINExtraSqueeze = 0;
    FIVE_MINAggregationPeriod = 0;
}

AddLabel(yes, "5m", if FIVE_MINPreSqueeze then Color.BLACK else if  FIVE_MINSqueeze then Color.RED else if FIVE_MINExtraSqueeze then Color.YELLOW else Color.DARK_GREEN);

########################################

## FOUR_MIN Aggregation Period Variables

########################################

def FOUR_MINPrice;
def FOUR_MINATR;
def FOUR_MINSDev;
def FOUR_MINDenom1;
def FOUR_MINDenom2;
def FOUR_MINDenom3;
def FOUR_MINBBSInd1;
def FOUR_MINBBSInd2;
def FOUR_MINBBSInd3;
def FOUR_MINPreSqueeze;
def FOUR_MINSqueeze;
def FOUR_MINExtraSqueeze;
def FOUR_MINAggregationPeriod;

if GetAggregationPeriod() <= AggregationPeriod.FOUR_MIN {
    FOUR_MINPrice = close(period = "FOUR_MIN");
    FOUR_MINATR = Average(TrueRange(high (period = "FOUR_MIN"), close(period = "FOUR_MIN"), low(period = "FOUR_MIN")), length);
    FOUR_MINSDev = StDev(FOUR_MINPrice, length);
    FOUR_MINDenom1 = (nk1 * FOUR_MINATR);
    FOUR_MINDenom2 = (nk2 * FOUR_MINATR);
    FOUR_MINDenom3 = (nk3 * FOUR_MINATR);
    FOUR_MINBBSInd1 = If (FOUR_MINDenom1 <> 0, ((nBB * FOUR_MINSDev) / FOUR_MINDenom1), 0);
    FOUR_MINBBSInd2 = If (FOUR_MINDenom2 <> 0, ((nBB * FOUR_MINSDev) / FOUR_MINDenom2), 0);
    FOUR_MINBBSInd3 = If (FOUR_MINDenom3 <> 0, ((nBB * FOUR_MINSDev) / FOUR_MINDenom3), 0);
    FOUR_MINPreSqueeze = if FOUR_MINBBSInd1 < AlertLine then 1 else 0;
    FOUR_MINSqueeze = if FOUR_MINBBSInd2 < AlertLine then 1 else 0;
    FOUR_MINExtraSqueeze = if FOUR_MINBBSInd3 < AlertLine then 1 else 0;
    FOUR_MINAggregationPeriod = 1;
}
else {
    FOUR_MINPrice = 0;
    FOUR_MINATR = 0;
    FOUR_MINSDev = 0;
    FOUR_MINDenom1 = 0;
    FOUR_MINDenom2 = 0;
    FOUR_MINDenom3 = 0;
    FOUR_MINBBSInd1 = 0;
    FOUR_MINBBSInd2 = 0;
    FOUR_MINBBSInd3 = 0;
    FOUR_MINPreSqueeze = 0;
    FOUR_MINSqueeze = 0;
    FOUR_MINExtraSqueeze = 0;
    FOUR_MINAggregationPeriod = 0;
}

AddLabel(FOUR_MINPreSqueeze and Four_MinAggregationPeriod, "4m", color.black); AddLabel(FOUR_MINSqueeze and FOUR_MINAggregationPeriod, "4m", color.red); AddLabel(FOUR_MINExtraSqueeze and FOUR_MINAggregationPeriod, "4m", color.yellow);
AddLabel(Yes, "4m", color.dark_green);
 
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