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sell when TTM Squeeze loses bullish momentum.


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TTM Squeeze is a proprietary code. below code is somewhat similar
Can someone modify it to be a sell conditional order when the histogram loses bull momentum

# Momentum Squeeze
# Mobius

declare lower;

input length = 20; #hint length: Length for average calculation
input SDmult = 2.0;
input ATRmult = 1.5;

   def c = close;
   def h = high;
   def l = low;
   def K = (Highest(h, length) + Lowest(l, length)) /
               2 + ExpAverage(c, length);
  plot Momo = if isNaN(close)
              then double.nan
              else Inertia(c - K / 2, length);
       Momo.assignValueColor(if Momo > Momo[1] and Momo > 0
                             then Color.Cyan
                             else if Momo > 0 and Momo < Momo[1]
                             then Color.Blue
                             else if Momo < 0 and Momo < Momo[1]
                             then Color.Red
                             else Color.Yellow);
Last edited by a moderator:
The conditional code to determine loss of momentum would be: momo[1] < momo[2], for a long, which are the two previous to the current candle and should trigger at current candle open... The code posted above does not account for candle close and thus would cause false triggers, although the logic is correct otherwise...

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