TTM Squeeze Pro with Three Compression Levels and Momentum Histogram

Summary

This indicator modification expands the TTM Squeeze from a single compression state to low, middle, and high levels. It compares Bollinger Bands with several Keltner Channel widths: the relationship between the bands identifies the compression state, while a separate condition marks when the Bollinger Bands extend outside the wider channel. The indicator displays these states with colored points.

A momentum histogram is calculated from a linear regression of price relative to a Donchian-based midline. Its color distinguishes positive or negative momentum and whether that value is increasing or decreasing. The document supplies implementation details and parameter values, but no chart examples, trading rules, backtests, or evidence that squeeze releases predict profitable moves. It describes an indicator for visualizing volatility compression and momentum; users would need to determine suitable markets, settings, and entry or exit rules through independent evaluation.

Key ideas

• The indicator distinguishes low, middle, and high volatility compression by comparing Bollinger Bands with Keltner Channels.
• A separate condition marks when the Bollinger Bands move outside the wider Keltner Channel.
• Its momentum histogram tracks a linear-regression measure based on price relative to a Donchian midline.
• Histogram colors distinguish momentum sign and whether momentum is rising or falling.
• The document provides no tested trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.