TTM_Squeeze crossing above zero with green dot


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A viewer asks:

How can I create a lower chart study similar to what you provided in the following video:

https://www.hahn-tech.com/thinkorswim-scan-ttm-squeeze-histogram/

Except that I would like to add another rule for the color of the squeeze dot to be green when the histogram crosses above the zero line?

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Asked on October 31, 2020 6:42 pm
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We can build this using nothing more than the Condition Wizard. In the following video I demonstrate how to use the Condition Wizard to build a custom chart study that plots the signals on the lower subgraph.

https://www.hahn-tech.com/thinkorswim-condition-wizard-watchlist/

Just fast forward to the 11:38 mark to jump straight to the section where I show how to create one of these lower chart studies using nothing more than the Condition Wizard.

Additionally, I also provided instructions on how to build this as an alert/scan. Check the following post for details:

https://www.hahn-tech.com/ans/ttm-squeeze-green-dot-alert/

If you view that section of the video from the first link, you can follow the instructions provided on that previous post and you can build this as a chart study. But I will save you the effort of trying to put all the pieces together and provide a full set of instructions on how to build this using nothing more than your mouse/trackpad.

The screenshots below show each step in the process:

  1. Open the edit studies window and click "Create..."
  2. Select the Condition Wizard tab, delete any existing condition and click "Add Condition"
  3. In the new condition, select the study named TTM_Squeeze, select the "crosses above" in the center, then from the right side select "value" and change the value to zero. Click save.
  4. Click "Add Condition" then select the study named TTM_Squeeze. Change the plot to "SqueezeAlert" and set the center section to "is true". Click save.
  5. Click OK to save the new study, then click and drag the study to the lower subgraph
  6. Click "Apply" and "Ok" to load that study on your chart.

The final screenshot in the series below shows the result.

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Posted by (Questions: 37, Answers: 4086)
Answered on October 31, 2020 7:05 pm

About Pete Hahn

For those trying to contact me about our professional services you will find all those details here: https://www.hahn-tech.com/about/ Any questions not related to our professional services or premium indicators should be directed to the comment section of the applicable video or you may post a question in our Q&A Forum: https://www.hahn-tech.com/thinkorswim-forum-topics/