TTM Squeeze Yellow to Red

radiaordan

radiaordan

New member
Hi everyone, first post so please forgive me for any errors or mistakes.
I tried repurposing @rad14733 script
https://usethinkscript.com/threads/...-label-for-thinkorswim.2751/page-8#post-68506
so that it detects yellow to red breakouts. Is this correct?

# Define squeeze conditions for yellow squeeze to red bearish breakout transition
def yellowSqueeze = HighSqz; # Yellow squeeze (High Compression)
def redBearishBreakout = MidSqz and mom < 0; # Red bearish breakout (Mid Compression with negative momentum)

# Identify transition from yellow squeeze to red bearish breakout
 
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