@freedom Traders Scroll up a bit, see comment #33.
Can you direct me to the link? I cant find it@thealphabreed, Looking at Multiple Time Frames will confirm signals from your strategy. I don't do TTM squeezes but if you search the threads on the squeeze, you will find they extensively cover the use of MTFs.
Once you have confirmed your signal on the MTFs, you can use the one minute chart to time your entries and exits.
I use the 5min chart for trend and the 2min chart for entries. 2min and 5min timeframes need to have confluence. Otherwise, you don’t know if a move on a lower timeframe is with or against the larger trend.@thealphabreed You should be looking at multiple timeframes, especially the higher timeframe. The 5min is the smallest timeframe I would go to.
# Sideways Indicator # Original Code developed by WalkingBallista # Concept and Idea by BenTen at useThinkScript.com # Identify choppy market. Can also be used to find consolidation/breakout patterns. # Version 1.0 (read changelog in the forum) input length = 14; input averageType = AverageType.WILDERS; input price = close; input consolidation_range = 5; def hiDiff = high - high; def loDiff = low - low; def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0; def minusDM = if loDiff > hiDiff and loDiff > 0 then loDiff else 0; def ATR = MovingAverage(averageType, TrueRange(high, close, low), length); def "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR; def "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR; def range = AbsValue(AbsValue("DI+")-AbsValue("DI-")); AssignPriceColor(if range < consolidation_range then Color.Yellow else Color.Current);
Hi @BenTen just to confirm, would this be set-up with the same conditions as the scanner that you highlighted above? I did it that way.@Greenbacks Yes, the good thing is that it should work without any additional modification. Just make sure to set the correct timeframe you want to use for the watchlist column.