TTM Squeeze Scan Setup, multiple timeframe scan/analysis; TOS, ThinkScript

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Introduction

Hey everyone, in this article we will be discussing how to set up a TTM Squeeze scan using multiple timeframes in ThinkorSwim (TOS) platform. The TTM Squeeze indicator is a popular tool among traders for identifying potential trading opportunities. By setting up a watchlist with the TTM Squeeze indicator across various timeframes, you can efficiently monitor stocks that are experiencing squeezes. Let's dive into the details of how to create this setup.

To begin, access your watchlist in ThinkorSwim and select the gear icon to customize your columns. Choose a custom field and enter the ThinkScript code provided in the description of the video. This code will enable the TTM Squeeze indicator to display on your watchlist. You can repeat this process for different timeframes such as weekly, daily, 4-hour, and 1-hour to analyze squeezes across multiple time frames.

The TTM Squeeze indicator not only identifies squeezes but also displays fired signals. A fired signal is presented as the first green dot after a red dot on the TTM Squeeze indicator. This can signify a potential trading opportunity. By utilizing this tool, you can quickly filter stocks with fired signals, identify trade ideas, and plan future trades based on squeeze durations.

This setup is beneficial for swing traders like Constantine, who prefer analyzing various timeframes for trading opportunities. By customizing your watchlist with the TTM Squeeze indicator, you can streamline your trading analysis and stay updated on potential trades. Remember to customize the timeframes and organize the columns according to your trading preferences.

Hope you find this article helpful in setting up a TTM Squeeze scan on ThinkorSwim. Happy trading!

Keyword: TTM Squeeze, ThinkorSwim, Multiple Timeframes, Trading Indicator, Fired Signal, Swing Trading

FAQ:

  1. What is the TTM Squeeze indicator? The TTM Squeeze indicator is a popular tool used by traders to identify potential trading opportunities based on volatility contractions.

  2. How can I set up a TTM Squeeze scan in ThinkorSwim? To set up a TTM Squeeze scan in ThinkorSwim, customize your watchlist columns, enter the provided ThinkScript code, and select the desired timeframes for the TTM Squeeze indicator display.

  3. What is a fired signal in the TTM Squeeze indicator? A fired signal in the TTM Squeeze indicator is represented by the first green dot following a red dot, indicating a potential trade opportunity based on volatility.