Signal when TTM_Squeeze dots meet my criteria

[BranDonCMK]

Greetings all,

I'm trying to create something similar to the indicator that Taylor Horton uses at Simpler Trading but with my own buy/sell signal criteria. I'm running into an issue at the end of the code where I'm trying to get an arrow under/above the TTM_Squeeze dots when my criteria are met for a buy/sell signal. The arrows appear under and above for every candle on the chart when I only want them under or above the squeeze dots when the buy or sell criteria is met. I'll provide the code and a screenshot below if anyone can help. I circled the areas on the upper chart where my buy/sell arrows are which is where they should be on the lower indicator. Please forgive me if the code is sloppy and poorly written. I can really only do very basic stuff with thinkscript.

# SqueezeSignals and Momentum Indicator - TEST


declare lower;

#Momentum Indicator

input length = 13;
input AvgMomentumLength = 13;
input price = close;
input AverageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = no;

assert(length > 0, "'length' must be positive: " + length);


def Momentum = price - price[length];
plot AvgMomentum = movavgExponential(Momentum, AvgMomentumLength);

def bullishMomentum = AvgMomentum > 0;
def bearishMomentum = AvgMomentum < 0;

AvgMomentum.SetPaintingStrategy(paintingstrategy.LINE);
AvgMomentum.SetLineWeight(3);
AvgMomentum.AssignValueColor(if bullishmomentum then color.blue else if bearishMomentum then color.red else color.black);


# Squeeze Checklist Signals

def EMA8 = movavgExponential(close,8);
def EMA21 = movavgExponential(close,21);

def bullishStack = EMA8 > EMA21;
def bearishStack = EMA8 < EMA21;

#RSI
def RSIlength = 14;
def RSIover_Bought = 70;
def RSIover_Sold = 30;
def RSIprice = close;
def RSIaverageType = AverageType.WILDERS;

def NetChgAvg = MovingAverage(RSIaverageType, RSIprice - RSIprice[1], RSIlength);
def TotChgAvg = MovingAverage(RSIaverageType, AbsValue(RSIprice - RSIprice[1]), RSIlength);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);
def RSIOverSold = RSIover_Sold;
def RSIOverBought = RSIover_Bought;
def RSIUpSignal = if RSI crosses above RSIOverSold then RSIOverSold else Double.NaN;
def RSIDownSignal = if RSI crosses below RSIOverBought then RSIOverBought else Double.NaN;
def RSImidline = 50;

def bullishRSI = RSI >= 50;
def bearishRSI = RSI < 50;

#Stochastics
def over_bought = 80;
def over_sold = 20;
def KPeriod = 14;
def DPeriod = 3;
def priceH = high;
def priceL = low;
def priceC = close;
def slowing_period = 3;
def averageTypeStoch = AverageType.SIMPLE;

def lowest_k = Lowest(priceL, KPeriod);
def c1 = priceC - lowest_k;
def c2 = Highest(priceH, KPeriod) - lowest_k;
def FastK = if c2 != 0 then c1 / c2 * 100 else 0;

def FullK = MovingAverage(averageTypeStoch, FastK, slowing_period);
def FullD = MovingAverage(averageTypeStoch, FullK, DPeriod);

def OverBought = over_bought;
def OverSold = over_sold;
def MidLine = 50;

def upK = FullK crosses above OverSold;
def upD = FullD crosses above OverSold;
def downK = FullK crosses below OverBought;
def downD = FullD crosses below OverBought;

def bullishStoch = FullK > FullD;
def bearishStoch = FullK < FullD;

# SqueezeHistogram

def squeezehistogram = TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).Histogram;

def squeezehistogramUP = squeezehistogram > squeezehistogram[1] and squeezehistogram[1] > squeezehistogram[2];
def squeezehistogramDOWN = squeezehistogram < squeezehistogram[1] and squeezehistogram[1] < squeezehistogram[2];


# Squeeze Signal

def normalSqueeze = if TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;
def aggroSqueeze = if TTM_Squeeze(close, 20, 2.0, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;

plot squeezeSignal = normalSqueeze or aggroSqueeze;
squeezeSignal.setPaintingStrategy(paintingStrategy.POINTS);
squeezeSignal.setLineWeight(3);

squeezeSignal.AssignValueColor(if normalSqueeze then color.yellow else if aggroSqueeze then color.yellow else color.dark_gray);

plot BullishSignal = squeezeSignal and bullishstack and bullishRSI and bullishStoch and squeezehistogramUP;
plot BearishSignal = squeezeSignal and bearishstack and bearishRSI and bearishStoch and squeezehistogramDOWN;

BullishSignal.SetpaintingStrategy(PaintingStrategy.ARROW_UP);
BearishSignal.SetpaintingStrategy(PaintingStrategy.ARROW_DOWN);

BullishSignal.SetLineWeight(2);
BearishSignal.SetlineWeight(2);

BullishSignal.SetdefaultColor(color.green);
BearishSignal.SetdefaultColor(color.red);

# End Code


Thanks in advance if anyone sees this and can tell me what I did wrong.

 

[HODL-Lay-HE-hoo!]

declare lower;

#Momentum Indicator

input length = 13;
input AvgMomentumLength = 13;
input price = close;
input AverageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = no;

assert(length > 0, "'length' must be positive: " + length);


def Momentum = price - price[length];
plot AvgMomentum = movavgExponential(Momentum, AvgMomentumLength);

def bullishMomentum = AvgMomentum > 0;
def bearishMomentum = AvgMomentum < 0;

AvgMomentum.SetPaintingStrategy(paintingstrategy.LINE);
AvgMomentum.SetLineWeight(3);
AvgMomentum.AssignValueColor(if bullishmomentum then color.blue else if bearishMomentum then color.red else color.black);


# Squeeze Checklist Signals

def EMA8 = movavgExponential(close,8);
def EMA21 = movavgExponential(close,21);

def bullishStack = EMA8 > EMA21;
def bearishStack = EMA8 < EMA21;

#RSI
def RSIlength = 14;
def RSIover_Bought = 70;
def RSIover_Sold = 30;
def RSIprice = close;
def RSIaverageType = AverageType.WILDERS;

def NetChgAvg = MovingAverage(RSIaverageType, RSIprice - RSIprice[1], RSIlength);
def TotChgAvg = MovingAverage(RSIaverageType, AbsValue(RSIprice - RSIprice[1]), RSIlength);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);
def RSIOverSold = RSIover_Sold;
def RSIOverBought = RSIover_Bought;
def RSIUpSignal = if RSI crosses above RSIOverSold then RSIOverSold else Double.NaN;
def RSIDownSignal = if RSI crosses below RSIOverBought then RSIOverBought else Double.NaN;
def RSImidline = 50;

def bullishRSI = RSI >= 50;
def bearishRSI = RSI < 50;

#Stochastics
def over_bought = 80;
def over_sold = 20;
def KPeriod = 14;
def DPeriod = 3;
def priceH = high;
def priceL = low;
def priceC = close;
def slowing_period = 3;
def averageTypeStoch = AverageType.SIMPLE;

def lowest_k = Lowest(priceL, KPeriod);
def c1 = priceC - lowest_k;
def c2 = Highest(priceH, KPeriod) - lowest_k;
def FastK = if c2 != 0 then c1 / c2 * 100 else 0;

def FullK = MovingAverage(averageTypeStoch, FastK, slowing_period);
def FullD = MovingAverage(averageTypeStoch, FullK, DPeriod);

def OverBought = over_bought;
def OverSold = over_sold;
def MidLine = 50;

def upK = FullK crosses above OverSold;
def upD = FullD crosses above OverSold;
def downK = FullK crosses below OverBought;
def downD = FullD crosses below OverBought;

def bullishStoch = FullK > FullD;
def bearishStoch = FullK < FullD;

# SqueezeHistogram

def squeezehistogram = TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).Histogram;

def squeezehistogramUP = squeezehistogram > squeezehistogram[1] and squeezehistogram[1] > squeezehistogram[2];
def squeezehistogramDOWN = squeezehistogram < squeezehistogram[1] and squeezehistogram[1] < squeezehistogram[2];


# Squeeze Signal

def normalSqueeze = if TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;
def aggroSqueeze = if TTM_Squeeze(close, 20, 2.0, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;

plot squeezeSignal = normalSqueeze or aggroSqueeze;
squeezeSignal.setPaintingStrategy(paintingStrategy.POINTS);
squeezeSignal.setLineWeight(3);

squeezeSignal.AssignValueColor(if normalSqueeze then color.yellow else if aggroSqueeze then color.yellow else color.dark_gray);

def BullishSignal = squeezeSignal and bullishstack and bullishRSI and bullishStoch and squeezehistogramUP;
def BearishSignal = squeezeSignal and bearishstack and bearishRSI and bearishStoch and squeezehistogramDOWN;

plot BullishSignal2 = if bullishsignal and !bullishsignal[1] then avgmomentum else double.nan;
plot BearishSignal2 =  if bearishsignal and !bearishsignal[1] then avgmomentum else double.nan;

BullishSignal2.SetpaintingStrategy(PaintingStrategy.ARROW_UP);
BearishSignal2.SetpaintingStrategy(PaintingStrategy.ARROW_DOWN);

BullishSignal2.SetLineWeight(2);
BearishSignal2.SetlineWeight(2);

BullishSignal2.SetdefaultColor(color.green);
BearishSignal2.SetdefaultColor(color.red);

# End Code

 

[HODL-Lay-HE-hoo!]

I Changed the original plot condition BullishSignal to def and added a new plot condition BullishSignal2 that says if BullishSignal is true on the current bar and BullishSignal was not true on the previous bar then plot an arrow on the avg line

def BullishSignal = squeezeSignal and bullishstack and bullishRSI and bullishStoch and squeezehistogramUP;
def BearishSignal = squeezeSignal and bearishstack and bearishRSI and bearishStoch and squeezehistogramDOWN;

plot BullishSignal2 = if bullishsignal and !bullishsignal[1] then avgmomentum else double.nan;
plot BearishSignal2 = if bearishsignal and !bearishsignal[1] then avgmomentum else double.nan;

 

[CashMoney]

I Changed the original plot condition BullishSignal to def and added a new plot condition BullishSignal2 that says if BullishSignal is true on the current bar and BullishSignal was not true on the previous bar then plot an arrow on the avg line

def BullishSignal = squeezeSignal and bullishstack and bullishRSI and bullishStoch and squeezehistogramUP;
def BearishSignal = squeezeSignal and bearishstack and bearishRSI and bearishStoch and squeezehistogramDOWN;

plot BullishSignal2 = if bullishsignal and !bullishsignal[1] then avgmomentum else double.nan;
plot BearishSignal2 = if bearishsignal and !bearishsignal[1] then avgmomentum else double.nan;

Can please post updated code..thank you

declare lower;

#Momentum Indicator

input length = 13;
input AvgMomentumLength = 13;
input price = close;
input AverageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = no;

assert(length > 0, "'length' must be positive: " + length);


def Momentum = price - price[length];
plot AvgMomentum = movavgExponential(Momentum, AvgMomentumLength);

def bullishMomentum = AvgMomentum > 0;
def bearishMomentum = AvgMomentum < 0;

AvgMomentum.SetPaintingStrategy(paintingstrategy.LINE);
AvgMomentum.SetLineWeight(3);
AvgMomentum.AssignValueColor(if bullishmomentum then color.blue else if bearishMomentum then color.red else color.black);


# Squeeze Checklist Signals

def EMA8 = movavgExponential(close,8);
def EMA21 = movavgExponential(close,21);

def bullishStack = EMA8 > EMA21;
def bearishStack = EMA8 < EMA21;

#RSI
def RSIlength = 14;
def RSIover_Bought = 70;
def RSIover_Sold = 30;
def RSIprice = close;
def RSIaverageType = AverageType.WILDERS;

def NetChgAvg = MovingAverage(RSIaverageType, RSIprice - RSIprice[1], RSIlength);
def TotChgAvg = MovingAverage(RSIaverageType, AbsValue(RSIprice - RSIprice[1]), RSIlength);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);
def RSIOverSold = RSIover_Sold;
def RSIOverBought = RSIover_Bought;
def RSIUpSignal = if RSI crosses above RSIOverSold then RSIOverSold else Double.NaN;
def RSIDownSignal = if RSI crosses below RSIOverBought then RSIOverBought else Double.NaN;
def RSImidline = 50;

def bullishRSI = RSI >= 50;
def bearishRSI = RSI < 50;

#Stochastics
def over_bought = 80;
def over_sold = 20;
def KPeriod = 14;
def DPeriod = 3;
def priceH = high;
def priceL = low;
def priceC = close;
def slowing_period = 3;
def averageTypeStoch = AverageType.SIMPLE;

def lowest_k = Lowest(priceL, KPeriod);
def c1 = priceC - lowest_k;
def c2 = Highest(priceH, KPeriod) - lowest_k;
def FastK = if c2 != 0 then c1 / c2 * 100 else 0;

def FullK = MovingAverage(averageTypeStoch, FastK, slowing_period);
def FullD = MovingAverage(averageTypeStoch, FullK, DPeriod);

def OverBought = over_bought;
def OverSold = over_sold;
def MidLine = 50;

def upK = FullK crosses above OverSold;
def upD = FullD crosses above OverSold;
def downK = FullK crosses below OverBought;
def downD = FullD crosses below OverBought;

def bullishStoch = FullK > FullD;
def bearishStoch = FullK < FullD;

# SqueezeHistogram

def squeezehistogram = TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).Histogram;

def squeezehistogramUP = squeezehistogram > squeezehistogram[1] and squeezehistogram[1] > squeezehistogram[2];
def squeezehistogramDOWN = squeezehistogram < squeezehistogram[1] and squeezehistogram[1] < squeezehistogram[2];


# Squeeze Signal

def normalSqueeze = if TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;
def aggroSqueeze = if TTM_Squeeze(close, 20, 2.0, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;

plot squeezeSignal = normalSqueeze or aggroSqueeze;
squeezeSignal.setPaintingStrategy(paintingStrategy.POINTS);
squeezeSignal.setLineWeight(3);

squeezeSignal.AssignValueColor(if normalSqueeze then color.yellow else if aggroSqueeze then color.yellow else color.dark_gray);

def BullishSignal = squeezeSignal and bullishstack and bullishRSI and bullishStoch and squeezehistogramUP;
def BearishSignal = squeezeSignal and bearishstack and bearishRSI and bearishStoch and squeezehistogramDOWN;

plot BullishSignal2 = if bullishsignal and !bullishsignal[1] then avgmomentum else double.nan;
plot BearishSignal2 =  if bearishsignal and !bearishsignal[1] then avgmomentum else double.nan;

BullishSignal2.SetpaintingStrategy(PaintingStrategy.ARROW_UP);
BearishSignal2.SetpaintingStrategy(PaintingStrategy.ARROW_DOWN);

BullishSignal2.SetLineWeight(2);
BearishSignal2.SetlineWeight(2);

BullishSignal2.SetdefaultColor(color.green);
BearishSignal2.SetdefaultColor(color.red);

# End Code

Would you be able share your chart with updated code? Thank u

 

[JorgeLUC]

Wow great Work guys¡¡¡¡ was looking for that Although it is not the original indicator for obvious copyright reasons, I will do exhaustive tests and although I don't know anything about code, I will try to help you improve the strategy

 

[HODL-Lay-HE-hoo!]

Would you be able share your chart with updated code? Thank u

http://tos.mx/Oxzz7mx

 

[Golferdave]

declare lower;

#Momentum Indicator

input length = 13;
input AvgMomentumLength = 13;
input price = close;
input AverageType = AverageType.EXPONENTIAL;
input showBreakoutSignals = no;

assert(length > 0, "'length' must be positive: " + length);


def Momentum = price - price[length];
plot AvgMomentum = movavgExponential(Momentum, AvgMomentumLength);

def bullishMomentum = AvgMomentum > 0;
def bearishMomentum = AvgMomentum < 0;

AvgMomentum.SetPaintingStrategy(paintingstrategy.LINE);
AvgMomentum.SetLineWeight(3);
AvgMomentum.AssignValueColor(if bullishmomentum then color.blue else if bearishMomentum then color.red else color.black);


# Squeeze Checklist Signals

def EMA8 = movavgExponential(close,8);
def EMA21 = movavgExponential(close,21);

def bullishStack = EMA8 > EMA21;
def bearishStack = EMA8 < EMA21;

#RSI
def RSIlength = 14;
def RSIover_Bought = 70;
def RSIover_Sold = 30;
def RSIprice = close;
def RSIaverageType = AverageType.WILDERS;

def NetChgAvg = MovingAverage(RSIaverageType, RSIprice - RSIprice[1], RSIlength);
def TotChgAvg = MovingAverage(RSIaverageType, AbsValue(RSIprice - RSIprice[1]), RSIlength);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);
def RSIOverSold = RSIover_Sold;
def RSIOverBought = RSIover_Bought;
def RSIUpSignal = if RSI crosses above RSIOverSold then RSIOverSold else Double.NaN;
def RSIDownSignal = if RSI crosses below RSIOverBought then RSIOverBought else Double.NaN;
def RSImidline = 50;

def bullishRSI = RSI >= 50;
def bearishRSI = RSI < 50;

#Stochastics
def over_bought = 80;
def over_sold = 20;
def KPeriod = 14;
def DPeriod = 3;
def priceH = high;
def priceL = low;
def priceC = close;
def slowing_period = 3;
def averageTypeStoch = AverageType.SIMPLE;

def lowest_k = Lowest(priceL, KPeriod);
def c1 = priceC - lowest_k;
def c2 = Highest(priceH, KPeriod) - lowest_k;
def FastK = if c2 != 0 then c1 / c2 * 100 else 0;

def FullK = MovingAverage(averageTypeStoch, FastK, slowing_period);
def FullD = MovingAverage(averageTypeStoch, FullK, DPeriod);

def OverBought = over_bought;
def OverSold = over_sold;
def MidLine = 50;

def upK = FullK crosses above OverSold;
def upD = FullD crosses above OverSold;
def downK = FullK crosses below OverBought;
def downD = FullD crosses below OverBought;

def bullishStoch = FullK > FullD;
def bearishStoch = FullK < FullD;

# SqueezeHistogram

def squeezehistogram = TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).Histogram;

def squeezehistogramUP = squeezehistogram > squeezehistogram[1] and squeezehistogram[1] > squeezehistogram[2];
def squeezehistogramDOWN = squeezehistogram < squeezehistogram[1] and squeezehistogram[1] < squeezehistogram[2];


# Squeeze Signal

def normalSqueeze = if TTM_Squeeze(close, 20, 1.5, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;
def aggroSqueeze = if TTM_Squeeze(close, 20, 2.0, 2.0, 1.0).SqueezeAlert == 0 then 1 else 0;

plot squeezeSignal = normalSqueeze or aggroSqueeze;
squeezeSignal.setPaintingStrategy(paintingStrategy.POINTS);
squeezeSignal.setLineWeight(3);

squeezeSignal.AssignValueColor(if normalSqueeze then color.yellow else if aggroSqueeze then color.yellow else color.dark_gray);

def BullishSignal = squeezeSignal and bullishstack and bullishRSI and bullishStoch and squeezehistogramUP;
def BearishSignal = squeezeSignal and bearishstack and bearishRSI and bearishStoch and squeezehistogramDOWN;

plot BullishSignal2 = if bullishsignal and !bullishsignal[1] then avgmomentum else double.nan;
plot BearishSignal2 =  if bearishsignal and !bearishsignal[1] then avgmomentum else double.nan;

BullishSignal2.SetpaintingStrategy(PaintingStrategy.ARROW_UP);
BearishSignal2.SetpaintingStrategy(PaintingStrategy.ARROW_DOWN);

BullishSignal2.SetLineWeight(2);
BearishSignal2.SetlineWeight(2);

BullishSignal2.SetdefaultColor(color.green);
BearishSignal2.SetdefaultColor(color.red);

# End Code

What are the yellow dots and grey dots above and below the line? Also anyone tried coded Big 3 squeeze from TH

 

[BranDonCMK]

What are the yellow dots and grey dots above and below the line? Also anyone tried coded Big 3 squeeze from TH

The dots returned to the zero line when I changed the timeframe. Also, big thanks to HODL for fixing that! I would've never been able to figure it out.

 

[Phrygian]

What are the yellow dots and grey dots above and below the line? Also anyone tried coded Big 3 squeeze from TH

What are the individual components of the Big 3?

 

[BranDonCMK]

What are the individual components of the Big 3?

Structure, momentum, and the TTM Squeeze. Structure is stacked EMAs. Momentum is a momentum indicator like MACD which is what I believe Taylor still uses in his Big 3 indicator. And the TTM Squeeze is a John Carter indicator that TOS has already. Not sure what he uses for the Big 3 histogram but I used TMO on mine and I like it so far.