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TTM Squeeze Wave A for Amibroker (AFL)

sachinlanke over 5 years ago Amibroker (AFL)

  • Rating:
    5 / 5 (Votes 2)
  • Tags:
    amibroker, indicator, ttm

I have created a TTM Squeeze Wave A indicator for Amibroker with customizable parameters based on the code found on the web somewhere. This will be useful for your trading.

Screenshots

Indicator / Formula

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_SECTION_BEGIN("TTM Squeeze Waves A_Sachin");

f1 = Param("Wave A1 Fast Avg", 8, 2, 200, 1 );
s1 = Param("Wave A1 Slow Avg", 34, 2, 200, 1 );
 
fastMA1= EMA(Close, f1);
slowMA1= EMA(Close, s1);
macd1 = fastMA1-slowMA1;
sig1 = EMA(macd1, s1);
hist1 = macd1-sig1;

f1_1 = Param("Wave A2_ Fast Avg", 8, 2, 200, 1 );
s1_1 = Param("Wave A2 Slow Avg", 55, 2, 200, 1 );
 
fastMA1_1= EMA(Close, f1_1);
slowMA1_1= EMA(Close, s1_1);
macd1_1 = fastMA1_1-slowMA1_1;
sig1_1 = EMA(macd1_1, s1_1);
hist1_1 = macd1_1-sig1_1;

 
Plot(hist1, "Wave A1", colorYellow,styleHistogram  | styleThick);
Plot(hist1_1, "Wave A2", colorOrange, styleHistogram  | styleThick);

Title="TTM Squeeze:   Wave A1 "+WriteVal(hist1)+"   Wave A2"+WriteVal(hist1_1) ;  


_SECTION_END();

10 comments

1. Mechwarrior
over 5 years ago

Can you detail how this works? I am aware of TTM Squeeze but the dual tone histogram seems new to me.

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3. modkore
over 5 years ago

how to read this histogram? what is the meaning when the red candle reach the top?

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5. hotaro3
about 5 years ago

This is a 2 overlapped TTM indicator with low and high sensitivity, each of them must be considered separately -In general, this type of indicator has a delay to the price chart

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6. hotaro3
about 5 years ago

This is a 2 overlapped TTM indicator with low and high sensitivity, each of them must be considered separately -In general, this type of indicator has a delay to the price chart

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8. ahmadt
about 5 years ago

Thanks

What about B & C waves, can you share any idea how to make them?

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9. niladri
about 5 years ago

Ref: https://www.tradingview.com/script/nYOzTA1Y-UCS-TTM-Wave-A-B-C/

Just use above AFL for the B & C averages & you will be done.

Usage: https://www.youtube.com/watch?v=n-f-aSOJLgc

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10. sachinlanke
about 4 years ago

Wave A is useful to identify how strong the market trend is as well as the trend direction. Wave A is constructed using MACD. B & C waves can also be created using the same code but with different time settings. Wave B is for medium term trend and Wave C is for longer term trend.

Buy Conditions are:-
1) When Wave A crosses UP “0” line from below (Conservative Entry) OR
2) When Wave A starts turning up from trough. (Aggressive Entry)
3) Sell when Wave A reaches Peak and starts turning down

Short Conditions are:-
1) When Wave A crosses DOWN “0” line from above (Conservative Entry) OR
2) When Wave A starts turning down from Peak. (Aggressive Entry)
3) Cover when Wave A reaches trough and starts turning up.

Hope this is useful friends.

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