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
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
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