MACD frontSide backSide + TTM Squeeze by bangkokskater — Indicator by bangkokskater

oscillator momo trendfollowing frontside backside ttm squeeze

Dark Mode is enabled by default for black theme
disable Dark Mode for white theme

MACD frontSide backSide
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an elegant, much better way to use MACD
for trend following momentum ( aka momo) style

MACD with default settings of 12/26 smoothing of 9
✔️ but without histogram
✔️ only has MACD and signal "lines"

green = frontSide momentum impulse
take longs only

red = backSide momentum impulse
take shorts only

black area = exit (once green or red is no longer showing)
or keep holding till next bigger TP

PS: credits to Warrior Trading Ross Cameron for this idea

TTM Squeeze
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white dots = incoming pump / dump (monitor for entry)

PS: credits to John Carter's TTM Squeeze & Greeny for PineScript adaptation

Release Notes:

v1.0a
Dark Mode frontSide green & backSide red colors are more obvious

Release Notes:

v1.0b
Alerts fire only on the 1st occurence of frontSide or backSide.
Previously alerts fired on every bar...

Release Notes:

v1.0c
same for ttmSqueeze

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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