standalone Squeeze for upper chart?

[METAL]

I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases

 

[halcyonguy]

I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases

this is how i would do it,

find the squeeze study. ttm_squeeze
the whole code isn't availble, but the plots are, so you can figure out what it is doing.
plot Histogram = Double.NaN;
plot VolComp = Double.NaN;
plot SqueezeAlert = Double.NaN;

add a bubble to show a plot variable, to figure out what it does.

to read a value in another study, write a formula like this, study name and plot name,
you can add parameters in between the ( ) if you don't want the defaults.

def sqz = ttm_squeeze().SqueezeAlert;

i'm not sure what a released squeeze is, but i guess it is after a squeeze.
so we need to find a bar not in a squeeze and the previous bar was in a squeeze.

if we add a bubble, we can see what the sqz values are,

addchartbubble(1, 0, sqz, (if sqz==0 then color.yellow else color.gray), yes);

sqz is 0 when in a squeeze, when the dots are red.

then we can write a formula that is true on the bar after a squeeze.

def after = sqz[1] == 0 and sqz[0] == 1;

now we know what variable does what for the condition you want to ineract with.

i added dots. then i added arrows.
can turn either on/off

#ttm_squeeze_after

# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL  11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases

#---------------------------
# ttm_squeeze
#declare lower;
input price = CLOSE;
input length = 20;
input nK = 1.5;
input nBB = 2.0;
input alertLine = 1.0;
#plot Histogram = Double.NaN;
#plot VolComp = Double.NaN;
#plot SqueezeAlert = Double.NaN;
#---------------------------

def na = double.nan;
def bn = barnumber();

def histo = ttm_squeeze().histogram;
def sqz = ttm_squeeze().SqueezeAlert; 

input test1 = no;
addchartbubble(test1, low, 
sqz + "\nsqz"
, (if sqz==0 then color.yellow else color.gray), no);
def after = sqz[1] == 0 and sqz == 1;


input arrows = yes;
plot zup = if (arrows and after and histo > histo[1]) then low*0.99 else na;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_up);
zup.SetDefaultColor(Color.green);
zup.setlineweight(4);
zup.hidebubble();


plot zdwn = if (arrows and after and histo < histo[1]) then high*1.01 else na;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.red);
zdwn.setlineweight(4);
zdwn.hidebubble();


input dots = no;
plot za = if dots and after then high*1.02 else na;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
#za.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
za.SetDefaultColor(Color.cyan);
za.setlineweight(5);
za.hidebubble();
#

top chart has arrows when a ttm squeeze ends
bottom chart is ttm squeeze

 

[METAL]

this is how i would do it,

find the squeeze study. ttm_squeeze
the whole code isn't availble, but the plots are, so you can figure out what it is doing.
plot Histogram = Double.NaN;
plot VolComp = Double.NaN;
plot SqueezeAlert = Double.NaN;

add a bubble to show a plot variable, to figure out what it does.

to read a value in another study, write a formula like this, study name and plot name,
you can add parameters in between the ( ) if you don't want the defaults.

def sqz = ttm_squeeze().SqueezeAlert;

i'm not sure what a released squeeze is, but i guess it is after a squeeze.
so we need to find a bar not in a squeeze and the previous bar was in a squeeze.

if we add a bubble, we can see what the sqz values are,

addchartbubble(1, 0, sqz, (if sqz==0 then color.yellow else color.gray), yes);

sqz is 0 when in a squeeze, when the dots are red.

then we can write a formula that is true on the bar after a squeeze.

def after = sqz[1] == 0 and sqz[0] == 1;

now we know what variable does what for the condition you want to ineract with.

i added dots. then i added arrows.
can turn either on/off

#ttm_squeeze_after

# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL  11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below candle when squeeze releases

#---------------------------
# ttm_squeeze
#declare lower;
input price = CLOSE;
input length = 20;
input nK = 1.5;
input nBB = 2.0;
input alertLine = 1.0;
#plot Histogram = Double.NaN;
#plot VolComp = Double.NaN;
#plot SqueezeAlert = Double.NaN;
#---------------------------

def na = double.nan;
def bn = barnumber();

def histo = ttm_squeeze().histogram;
def sqz = ttm_squeeze().SqueezeAlert;

input test1 = no;
addchartbubble(test1, low,
sqz + "\nsqz"
, (if sqz==0 then color.yellow else color.gray), no);
def after = sqz[1] == 0 and sqz == 1;


input arrows = yes;
plot zup = if (arrows and after and histo > histo[1]) then low*0.99 else na;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_up);
zup.SetDefaultColor(Color.green);
zup.setlineweight(4);
zup.hidebubble();


plot zdwn = if (arrows and after and histo < histo[1]) then high*1.01 else na;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.red);
zdwn.setlineweight(4);
zdwn.hidebubble();


input dots = no;
plot za = if dots and after then high*1.02 else na;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
#za.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
za.SetDefaultColor(Color.cyan);
za.setlineweight(5);
za.hidebubble();
#

top chart has arrows when a ttm squeeze ends
bottom chart is ttm squeeze

@halcyonguy Thank you a ton. Is there a chance I could get you to color the bars gray or yellow or something when a squeeze is happening?

 

[METAL]

Update. I got the bars to color gray during the squeeze but I cannot get the candles to color after the release either up or down. I think it will make for a cleaner chart to have the "Zup" to be a cyan bar and "Zdn" to be a magenta bar in place of candles or if it makes it easier to add the option to have arrows or not. Can someone help with this?

#ttm_squeeze_after

# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL 11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below the candle when the squeeze releases

# Define conditions for arrows
def sqz = ttm_squeeze().SqueezeAlert;
def during_squeeze = sqz == 1;
def after = sqz[1] == 0 and sqz == 1;
def histo = ttm_squeeze().histogram;

# Set the default color
AssignPriceColor(if during_squeeze then Color.CURRENT else Color.GRAY);

# Arrows
input arrows = yes;

plot zup = if (arrows and after and histo > histo[1]) then low * 0.99 else Double.NaN;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zup.SetDefaultColor(Color.GREEN);
zup.SetLineWeight(4);

plot zdwn = if (arrows and after and histo < histo[1]) then high * 1.01 else Double.NaN;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.RED);
zdwn.SetLineWeight(4);

# Points
input dots = no;

plot za = if (dots and after) then high * 1.02 else Double.NaN;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
za.SetDefaultColor(Color.CYAN);
za.SetLineWeight(5);

 

[halcyonguy]

Update. I got the bars to color gray during the squeeze but I cannot get the candles to color after the release either up or down. I think it will make for a cleaner chart to have the "Zup" to be a cyan bar and "Zdn" to be a magenta bar in place of candles or if it makes it easier to add the option to have arrows or not. Can someone help with this?

#ttm_squeeze_after

# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL 11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below the candle when the squeeze releases

# Define conditions for arrows
def sqz = ttm_squeeze().SqueezeAlert;
def during_squeeze = sqz == 1;
def after = sqz[1] == 0 and sqz == 1;
def histo = ttm_squeeze().histogram;

# Set the default color
AssignPriceColor(if during_squeeze then Color.CURRENT else Color.GRAY);

# Arrows
input arrows = yes;

plot zup = if (arrows and after and histo > histo[1]) then low * 0.99 else Double.NaN;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zup.SetDefaultColor(Color.GREEN);
zup.SetLineWeight(4);

plot zdwn = if (arrows and after and histo < histo[1]) then high * 1.01 else Double.NaN;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.RED);
zdwn.SetLineWeight(4);

# Points
input dots = no;

plot za = if (dots and after) then high * 1.02 else Double.NaN;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
za.SetDefaultColor(Color.CYAN);
za.SetLineWeight(5);

#ttm_squeeze_after_02

# https://usethinkscript.com/threads/is-there-a-standalone-squeeze-indicator-for-upper-chart.17280/
#Is there a standalone Squeeze indicator for upper chart?
#METAL 11/26
#I am looking for a squeeze indicator that will place a dot or dots above or below the candle when the squeeze releases

def bn = barnumber();

# Define conditions for arrows
def sqz = ttm_squeeze().SqueezeAlert;
def during_squeeze = sqz == 1;
def after = sqz[1] == 0 and sqz == 1;
def histo = ttm_squeeze().histogram;

#  sqz2   -1 = down , 0 = sqz , 1 = up
def sqz2 = if bn == 1 then 0
else if (after and histo > histo[1]) then 1
else if (after and histo < histo[1]) then -1
else if sqz[1] == 0 then 0
else sqz2[1];

# Set the default color
#AssignPriceColor(if during_squeeze then Color.CURRENT else Color.GRAY);
AssignPriceColor(if sqz2 == 1 then color.cyan else if sqz2 == -1 then color.magenta else color.gray);


# Arrows
input arrows = yes;

plot zup = if (arrows and after and histo > histo[1]) then low * 0.99 else Double.NaN;
zup.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
zup.SetDefaultColor(Color.GREEN);
zup.SetLineWeight(4);

plot zdwn = if (arrows and after and histo < histo[1]) then high * 1.01 else Double.NaN;
zdwn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
zdwn.SetDefaultColor(Color.RED);
zdwn.SetLineWeight(4);

# Points
input dots = no;

plot za = if (dots and after) then high * 1.02 else Double.NaN;
za.SetPaintingStrategy(PaintingStrategy.POINTS);
za.SetDefaultColor(Color.CYAN);
za.SetLineWeight(5);
#

 

[METAL]

Thanks again @halcyonguy. One last request if you are up for it. Can you make the Cyan/Magenta candle only happen on the release candle and not all candles after the release? Just like the way the arrow does?