squeeze signal from VWAP and BB

[shakib3585]

Greetings all,

We all know John Carter developed the squeeze indicator based on Kelter's channel and the BB. I was wondering if it was possible to make the same with regard to VWAP and BB. I was researching some stocks this weekend and found that if VWAP (-1,1 exponential, day) enters within BB (close, 20, -1,1 exponential), then that stock has a good potential to rise. For reference, I am showing the OBIO Tikr from 06/03/23.

The tos link for the chart is : http://tos.mx/lrNHxVd

In the above image, the yellow arrows are for the BB, and the red arrows are for the VWAP.

My intent is to make a similar indicator like the TTM squeeze, except the concept would be VWAP within BB. Based on the standard deviation (1, 1.5, 2) it can low, medium or high. I do not know the math behind the TTM histogram, but if similar histogram can be made between VWAP and BB alongside the squeeze signals, then that would be awesome. Lastly, if it were possible to check if a stock has both TTM and current squeeze signs, that would be the cherry on top. I am not that good at tos scripting so would really appreciate it if anyone from the group could help me out; that would be awesome.

Much appreciated,

Fai

 

[BenTen]

Try this https://usethinkscript.com/threads/ultimate-vwap-indicator-for-thinkorswim.1681/

Not the exact variation but similar.

 

[shakib3585]

Try this https://usethinkscript.com/threads/ultimate-vwap-indicator-for-thinkorswim.1681/

Not the exact variation but similar.

Appreciate your response @BenTen . To be honest, the link that you provided is a bit overwhelming for me. I delved into it and have less of an idea which ones I should turn on or off to view a simplified setting. Would it be too much to ask if you can please help with a squeeze code that shows VWAP inside BB. Thanks

 

[BenTen]

shows VWAP inside BB

I have the VWAP indicator added to my chart along with the BB indicator. VWAP is already and always inside the BB.

What am I missing here?

 

[shakib3585]

I have the VWAP indicator added to my chart along with the BB indicator. VWAP is already and always inside the BB.

What am I missing here?

The thing is, like the orange, red, and black dots in the TTM squeeze, I would request to have a squeeze indicator that also has similar colored dots along a histogram, but the criteria will be VWAP inside BB and not KC inside BB. The color of the dots would depend on the value of standard deviation used for VWAP and BB. In this way, it can be visualized at what instant the VWAP was inside the BB for a given stock. Thanks