MTF Squeeze Analyzer - [tradeviZion]

Sep 25

MTF Squeeze Analyzer [tradeviZion]
Multi-Timeframe Squeeze Pro Analyzer Tool

Overview:
The MTF Squeeze Analyzer [tradeviZion] is a comprehensive tool designed to help traders monitor the TTM Squeeze indicator across multiple timeframes in a streamlined and efficient manner. Built with Pine Script™ version 5, this indicator enhances your market analysis by providing detailed insights into squeeze conditions and momentum shifts, enabling you to make more informed trading decisions.

Key Features:
1. Multi-Timeframe Monitoring:

• Comprehensive Coverage: Track squeeze conditions across multiple timeframes, including 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 2-hour, 4-hour, and daily charts.
  
• Squeeze Counts: Keep count of the number of consecutive bars the price has been within each squeeze level (low, mid, high), helping you assess the strength and duration of consolidation periods.
  

2. Dynamic Table Display:

• Customizable Appearance: Adjust table position, text size, and colors to suit your preferences.
  
• Color-Coded Indicators: Easily identify squeeze levels and momentum shifts with intuitive color schemes.
  
• Message Integration: Features rotating messages to keep you engaged and informed.
  

3. Alerts for Key Market Events:

• Squeeze Start and Fire Alerts: Receive notifications when a squeeze starts or fires on your selected timeframes.
  
• Custom Squeeze Count Alerts: Set thresholds for squeeze counts and get alerted when these levels are reached, allowing you to anticipate potential breakouts.
  
• Fully Customizable: Choose which alerts you want to receive and tailor them to your trading strategy.
  

4. Momentum Analysis:

• Momentum Oscillator: Visualize momentum using a histogram that changes color based on momentum shifts.
  
• Detailed Insights: Determine whether momentum is increasing or decreasing to make more strategic trading decisions.
  

How It Works:
The indicator is based on the TTM Squeeze concept, which identifies periods of low volatility where the market is "squeezing" before a potential breakout. It analyzes the relationship between Bollinger Bands and Keltner Channels to determine squeeze conditions and uses linear regression to calculate momentum.

1. Squeeze Levels:

• No Squeeze (Green): Market is not in a squeeze.
  
• Low Compression Squeeze (Gray): Mild consolidation, potential for a breakout.
  
• Mid Compression Squeeze (Red): Moderate consolidation, higher breakout potential.
  
• High Compression Squeeze (Orange): Strong consolidation, significant breakout potential.
  

2. Squeeze Counts:

• Tracks the number of consecutive bars in each squeeze condition.
  
• Helps identify how long the market has been consolidating, providing clues about potential breakout timing.
  

3. Momentum Histogram:

• Upward Momentum: Shown in aqua or blue, indicating increasing or decreasing upward momentum.
  
• Downward Momentum: Displayed in red or yellow, representing increasing or decreasing downward momentum.
  

Using Alerts:
Stay ahead of market movements with customizable alerts:

1. Enable Alerts in Settings:

• Squeeze Start Alert: Get notified when a new squeeze begins.
  
• Squeeze Fire Alert: Be alerted when a squeeze ends, signaling a potential breakout.
  
• Squeeze Count Alert: Set a specific number of bars for a squeeze condition, and receive an alert when this count is reached.
  

2. Set Up Alerts on Your Chart:

• Click on the indicator name and select "Add Alert on MTF Squeeze Analyzer [tradeviZion]".
  
• Choose your desired alert conditions and customize the notification settings.
  
• Click "Create" to activate the alerts.
  

How to Set It Up:
1. Add the Indicator to Your Chart:

• Search for "MTF Squeeze Analyzer [tradeviZion]" in the TradingView Indicators library.
  
• Add it to your chart.
  

2. Customize Your Settings:
Table Display:

• Choose whether to show the table and select its position on the chart.
  
• Adjust text size and colors to enhance readability.
  

Timeframe Selection:

• Select the timeframes you want to monitor.
  
• Enable or disable specific timeframes based on your trading strategy.
  

Colors & Styles:

• Customize colors for different squeeze levels and momentum shifts.
  
• Adjust header and text colors to match your chart theme.
  

Alert Settings:

• Enable alerts for squeeze start, squeeze fire, and squeeze counts.
  
• Set your preferred squeeze type and count threshold for alerts.
  

3. Interpret the Data:
Table Information:

• The table displays the squeeze status and counts for each selected timeframe.
  
• Colors indicate the type of squeeze, making it easy to assess market conditions at a glance.
  

Momentum Histogram:

• Use the histogram to gauge the strength and direction of market momentum.
  
• Observe color changes to identify shifts in momentum.
  

Why Use MTF Squeeze Analyzer [tradeviZion]?
Enhanced Market Insight:

• Gain a deeper understanding of market dynamics by monitoring multiple timeframes simultaneously.
  
• Identify potential breakout opportunities by analyzing squeeze durations and momentum shifts.
  

Customizable and User-Friendly:

• Tailor the indicator to fit your trading style and preferences.
  
• Easily adjust settings without needing to delve into the code.
  

Time-Efficient:

• Save time by viewing all relevant squeeze information in one place.
  
• Reduce the need to switch between different charts and timeframes.
  

Stay Informed with Alerts:

• Never miss a critical market movement with fully customizable alerts.
  
• Focus on other tasks while the indicator monitors the market for you.
  

Acknowledgment:
This tool builds upon the foundational work of John Carter, who developed the TTM Squeeze concept. It also incorporates enhancements from LazyBear and Makit0, providing a more versatile and powerful indicator. MTF Squeeze Analyzer [tradeviZion] extends these concepts by adding multi-timeframe analysis, squeeze counting, and advanced alerting features, offering traders a comprehensive solution for market analysis.

Note: Always practice proper risk management and test the indicator thoroughly to ensure it aligns with your trading strategy. Past performance is not indicative of future results.

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Oct 1

Release Notes

Bug Fixes

- Fixed an issue where the table was not properly sized during normal selection