I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases
I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases
#ttm_squeeze_after
# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL 11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases
#---------------------------
# ttm_squeeze
#declare lower;
input price = CLOSE;
input length = 20;
input nK = 1.5;
input nBB = 2.0;
input alertLine = 1.0;
#plot Histogram = Double.NaN;
#plot VolComp = Double.NaN;
#plot SqueezeAlert = Double.NaN;
#---------------------------
def na = double.nan;
def bn = barnumber();
def histo = ttm_squeeze().histogram;
def sqz = ttm_squeeze().SqueezeAlert;
input test1 = no;
addchartbubble(test1, low,
sqz + "\nsqz"
, (if sqz==0 then color.yellow else color.gray), no);
def after = sqz[1] == 0 and sqz == 1;
input arrows = yes;
plot zup = if (arrows and after and histo > histo[1]) then low*0.99 else na;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_up);
zup.SetDefaultColor(Color.green);
zup.setlineweight(4);
zup.hidebubble();
plot zdwn = if (arrows and after and histo < histo[1]) then high*1.01 else na;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.red);
zdwn.setlineweight(4);
zdwn.hidebubble();
input dots = no;
plot za = if dots and after then high*1.02 else na;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
#za.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
za.SetDefaultColor(Color.cyan);
za.setlineweight(5);
za.hidebubble();
#
@halcyonguy Thank you a ton. Is there a chance I could get you to color the bars gray or yellow or something when a squeeze is happening?this is how i would do it,
find the squeeze study. ttm_squeeze
the whole code isn't availble, but the plots are, so you can figure out what it is doing.
plot Histogram = Double.NaN;
plot VolComp = Double.NaN;
plot SqueezeAlert = Double.NaN;
add a bubble to show a plot variable, to figure out what it does.
to read a value in another study, write a formula like this, study name and plot name,
you can add parameters in between the ( ) if you don't want the defaults.
def sqz = ttm_squeeze().SqueezeAlert;
i'm not sure what a released squeeze is, but i guess it is after a squeeze.
so we need to find a bar not in a squeeze and the previous bar was in a squeeze.
if we add a bubble, we can see what the sqz values are,
addchartbubble(1, 0, sqz, (if sqz==0 then color.yellow else color.gray), yes);
sqz is 0 when in a squeeze, when the dots are red.
then we can write a formula that is true on the bar after a squeeze.
def after = sqz[1] == 0 and sqz[0] == 1;
now we know what variable does what for the condition you want to ineract with.
i added dots. then i added arrows.
can turn either on/off
Code:#ttm_squeeze_after # https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/ #Is there a standalone Squeeze indicator for upper chart? #METAL 11/26 #I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases #--------------------------- # ttm_squeeze #declare lower; input price = CLOSE; input length = 20; input nK = 1.5; input nBB = 2.0; input alertLine = 1.0; #plot Histogram = Double.NaN; #plot VolComp = Double.NaN; #plot SqueezeAlert = Double.NaN; #--------------------------- def na = double.nan; def bn = barnumber(); def histo = ttm_squeeze().histogram; def sqz = ttm_squeeze().SqueezeAlert; input test1 = no; addchartbubble(test1, low, sqz + "\nsqz" , (if sqz==0 then color.yellow else color.gray), no); def after = sqz[1] == 0 and sqz == 1; input arrows = yes; plot zup = if (arrows and after and histo > histo[1]) then low*0.99 else na; zup.SetPaintingStrategy(PaintingStrategy.ARROW_up); zup.SetDefaultColor(Color.green); zup.setlineweight(4); zup.hidebubble(); plot zdwn = if (arrows and after and histo < histo[1]) then high*1.01 else na; zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN); zdwn.SetDefaultColor(Color.red); zdwn.setlineweight(4); zdwn.hidebubble(); input dots = no; plot za = if dots and after then high*1.02 else na; za.SetPaintingStrategy(PaintingStrategy.POINTS); #za.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN); za.SetDefaultColor(Color.cyan); za.setlineweight(5); za.hidebubble(); #
top chart has arrows when a ttm squeeze ends
bottom chart is ttm squeeze
#ttm_squeeze_after
# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL 11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below the candle when the squeeze releases
# Define conditions for arrows
def sqz = ttm_squeeze().SqueezeAlert;
def during_squeeze = sqz == 1;
def after = sqz[1] == 0 and sqz == 1;
def histo = ttm_squeeze().histogram;
# Set the default color
AssignPriceColor(if during_squeeze then Color.CURRENT else Color.GRAY);
# Arrows
input arrows = yes;
plot zup = if (arrows and after and histo > histo[1]) then low * 0.99 else Double.NaN;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zup.SetDefaultColor(Color.GREEN);
zup.SetLineWeight(4);
plot zdwn = if (arrows and after and histo < histo[1]) then high * 1.01 else Double.NaN;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.RED);
zdwn.SetLineWeight(4);
# Points
input dots = no;
plot za = if (dots and after) then high * 1.02 else Double.NaN;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
za.SetDefaultColor(Color.CYAN);
za.SetLineWeight(5);
Update. I got the bars to color gray during the squeeze but I cannot get the candles to color after the release either up or down. I think it will make for a cleaner chart to have the "Zup" to be a cyan bar and "Zdn" to be a magenta bar in place of candles or if it makes it easier to add the option to have arrows or not. Can someone help with this?
Code:#ttm_squeeze_after # https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/ #Is there a standalone Squeeze indicator for upper chart? #METAL 11/26 #I am looking for a squeeze indicator that will place a dot or dots above or below the candle when the squeeze releases # Define conditions for arrows def sqz = ttm_squeeze().SqueezeAlert; def during_squeeze = sqz == 1; def after = sqz[1] == 0 and sqz == 1; def histo = ttm_squeeze().histogram; # Set the default color AssignPriceColor(if during_squeeze then Color.CURRENT else Color.GRAY); # Arrows input arrows = yes; plot zup = if (arrows and after and histo > histo[1]) then low * 0.99 else Double.NaN; zup.SetPaintingStrategy(PaintingStrategy.ARROW_UP); zup.SetDefaultColor(Color.GREEN); zup.SetLineWeight(4); plot zdwn = if (arrows and after and histo < histo[1]) then high * 1.01 else Double.NaN; zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN); zdwn.SetDefaultColor(Color.RED); zdwn.SetLineWeight(4); # Points input dots = no; plot za = if (dots and after) then high * 1.02 else Double.NaN; za.SetPaintingStrategy(PaintingStrategy.POINTS); za.SetDefaultColor(Color.CYAN); za.SetLineWeight(5);
#ttm_squeeze_after_02
# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL 11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below the candle when the squeeze releases
def bn = barnumber();
# Define conditions for arrows
def sqz = ttm_squeeze().SqueezeAlert;
def during_squeeze = sqz == 1;
def after = sqz[1] == 0 and sqz == 1;
def histo = ttm_squeeze().histogram;
# sqz2 -1 = down , 0 = sqz , 1 = up
def sqz2 = if bn == 1 then 0
else if (after and histo > histo[1]) then 1
else if (after and histo < histo[1]) then -1
else if sqz[1] == 0 then 0
else sqz2[1];
# Set the default color
#AssignPriceColor(if during_squeeze then Color.CURRENT else Color.GRAY);
AssignPriceColor(if sqz2 == 1 then color.cyan else if sqz2 == -1 then color.magenta else color.gray);
# Arrows
input arrows = yes;
plot zup = if (arrows and after and histo > histo[1]) then low * 0.99 else Double.NaN;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zup.SetDefaultColor(Color.GREEN);
zup.SetLineWeight(4);
plot zdwn = if (arrows and after and histo < histo[1]) then high * 1.01 else Double.NaN;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.RED);
zdwn.SetLineWeight(4);
# Points
input dots = no;
plot za = if (dots and after) then high * 1.02 else Double.NaN;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
za.SetDefaultColor(Color.CYAN);
za.SetLineWeight(5);
#
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