Exit Signal for 8/21 Crossover

LGLyon

New member
I am using an 8/21 ema crossover for an entry signal when 8 ema crosses above or below the 21 ema.

I am looking for help with script for the following:

After an 8 ema crosses above the 21 ema, I want an exit signal on the chart when the Squeeze Pro bar turns dark blue.

when an 8 ema crosses below the 21 ema, I want an exit signal on the chart when the Squeeze Pro bar turns yellow.

I am only using this on a 15 minute and a 5 minute chart.

Is there anyone out there who can help me with that?

Thanks
 
Last edited:
Solution
halcyonguy

Thanks for the input.

The TTM Squeeze study will work.

I have Squeeze Pro.

I do not know how to take parts out of the code or how to write the code to make the exit signal.

I used a replica of the TTM_Squeeze study that I made that disclosed how the histogram's colors were derived. I used this to determine exit signals based upon the colors blue and yellow and the ema crosses.

Capture.jpg

Code:
plot ema8  = expaverage(close, 8);
plot ema21 = expaverage(close, 21);

def histogram = ttm_Squeeze().histogram;
def yellow = if Histogram > Histogram[1] and Histogram > 0
                           then 0
                           else if Histogram > 0 and Histogram < Histogram[1]
                           then 0...
we can't help you unless you share the squeeze code,
but,
if it is a paid study, then don't share it.

if the built in ttm_squeeze study will work, then it might be possible.
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/T-U/TTM-Squeeze

here is 1 post on squeeze studies.
https://usethinkscript.com/threads/john-carters-squeeze-pro-indicator-for-thinkorswim-free.4021/
if you find a code mentioned on this site, click on the post #, then copy the link and paste it here in a comment.
 

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halcyonguy

Thanks for the input.

The TTM Squeeze study will work.

I have Squeeze Pro.

I do not know how to take parts out of the code or how to write the code to make the exit signal.
 
halcyonguy

Thanks for the input.

The TTM Squeeze study will work.

I have Squeeze Pro.

I do not know how to take parts out of the code or how to write the code to make the exit signal.

I used a replica of the TTM_Squeeze study that I made that disclosed how the histogram's colors were derived. I used this to determine exit signals based upon the colors blue and yellow and the ema crosses.

Capture.jpg

Code:
plot ema8  = expaverage(close, 8);
plot ema21 = expaverage(close, 21);

def histogram = ttm_Squeeze().histogram;
def yellow = if Histogram > Histogram[1] and Histogram > 0
                           then 0
                           else if Histogram > 0 and Histogram < Histogram[1]
                           then 0
                           else if Histogram < 0 and Histogram < Histogram[1]
                           then 0
                           else 1;
plot exityellow = if ema8 crosses below ema21 and yellow then 1 else 0;
exityellow.setpaintingStrategy(paintingStrategy.BOOLEAN_ARROW_DOWN);
exityellow.setdefaultColor(color.yellow);
exityellow.setlineWeight(4);


def blue  = if Histogram > Histogram[1] and Histogram > 0
                           then 0
                           else if Histogram > 0 and Histogram < Histogram[1]
                           then 1
                           else if Histogram < 0 and Histogram < Histogram[1]
                           then 0
                           else 0;
plot exitblue = if ema8 crosses above ema21 and blue then 1 else 0;
exitblue.setpaintingStrategy(paintingStrategy.BOOLEAN_ARROW_up);
exitblue.setdefaultColor(color.blue);
exitblue.setlineWeight(4);
 
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