To me the most difficult part of utilizing the squeeze
https://usethinkscript.com/threads/john-carters-squeeze-pro-indicator-for-thinkorswim-free.4021/
is not so much if an individual stock is set to fire.
It is the strength of the direction of the overall market.
I have had squeezes that fire long, and the overall marked turns south and the squeeze fades.
I have recently seen a label indicator that scores the overall market (SPY,QQQ) with a bull and bear score. and displays a number from 0-5.
Not sure what the criteria that is used to do the scoring, The bull can be a 2 and the bear can be a 1, or other combinations, so it seems that the scoring is based on giving a certain number to a condition. Like 21EMA over the 50EMA or something like that.
Is anyone familiar with a similar chart labels. Here are a couple I have seen but these are not the ones I am referring to above. http://tos.mx/CZdlWxp http://tos.mx/IpNFEwT http://tos.mx/ZHKLGeB
https://usethinkscript.com/threads/john-carters-squeeze-pro-indicator-for-thinkorswim-free.4021/
is not so much if an individual stock is set to fire.
It is the strength of the direction of the overall market.
I have had squeezes that fire long, and the overall marked turns south and the squeeze fades.
I have recently seen a label indicator that scores the overall market (SPY,QQQ) with a bull and bear score. and displays a number from 0-5.
Not sure what the criteria that is used to do the scoring, The bull can be a 2 and the bear can be a 1, or other combinations, so it seems that the scoring is based on giving a certain number to a condition. Like 21EMA over the 50EMA or something like that.
Is anyone familiar with a similar chart labels. Here are a couple I have seen but these are not the ones I am referring to above. http://tos.mx/CZdlWxp http://tos.mx/IpNFEwT http://tos.mx/ZHKLGeB
Last edited by a moderator:
