Custom Watchlist Columns Colored to Match Dots on TTM Squeeze Centerline
This video shows how to add a column to any watchlist displaying red or green to show you which stocks are in a squeeze. Additionally, this code will count the number of green dots since the last squeeze ended. Zeros mean the stock is in a squeeze. Values greater than zero indicate a stock that has exited the squeeze and is potentially ready for a big move. You can sort the watchlist by this column so you can spot the stocks that have just recently exited the squeeze.
Be sure to watch the video so you understand how to install it. This indicator compliments a previous video we published that displays the colors of the TTM Squeeze histogram in a watchlist. Use these together to create a ‘radar screen’ similar to those used in TradeStation. In a single glance you can see stocks that are ready to make a move and which direction the indicator is predicting.
John Carter’s TTM Squeeze is a licensed study available free on the Thinkorswim platform. This code does not expose any source code as it is fully protected by the Thinkorswim platform.
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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input price = CLOSE;
input length = 20;
input nK = 1.5;
input nBB = 2.0;
input alertLine = 1.0;
def squeezeDots = TTM_Squeeze(price, length, nK, nBB, alertLine).SqueezeAlert;
def alertCount = if squeezeDots == 0 and squeezeDots == 1 then 1 else if squeezeDots == 1 then alertCount + 1 else 0;
plot data = alertCount;
data.AssignValueColor(if alertCount > 0 then Color.BLACK else Color.WHITE);
AssignBackgroundColor(if alertCount == 0 then Color.RED else Color.GREEN);
Watch the video, Thinkorswim Watchlist TTM Squeeze below: