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28/05/2010 19:02:53
Tom Leeson
Administrator
Posts: 662
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Squeeze based on the Squeeze TTM
When the market contracts into a narrow tading range - the bollinger can fall inside the keltner... This is when you get the black dots squeeze.....
You then get a Red or Green dot in NT6.5 or triangle in NT7 - which means that the squeeze has expanded and a market move is likely -
Red for short, green for Long - The color and slope of the momentum indicator is used to set set the direciton of the trade. but it can be whippeda about and get it wrong :-)
so use your trading ability to decide is shorting the market at a low or going long is best at the time you get the signal- i will leave that bit to you :-)
How do we use the figures that is plotted on the charts?
A new red dot means that a reversal sequence of 3 lower closes has occurred – when signal mode=0
A bar will be painted red on the first signal occurrence
sequence of 3 higher closes has occurred – when signal mode=0
A bar will be painted red on the first signal occurrence
Green dots will continue all the time the 3 bar close sequence occurs
You can take the signal or use in combinaton as part of a more sophisticated trading system.
You can tune the indicator by using the Strategy and backtest it as a system on its own - then use the tuned settings for the indicator without the strategy tradig it. :-)
edited by tom on 28/05/2010
edited by tom on 28/05/2010
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MicroTrends tom
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