Thinkorswim Watchlist TTM Squeeze 86

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Custom Watchlist Columns Colored to Match Dots on TTM Squeeze Centerline

Thinkorswim Watchlist TTM Squeeze

Thinkorswim Watchlist TTM Squeeze

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.

Learn More:

Click and drag interface to build custom watchlist columns. No code experience required:

Thinkorswim Condition Wizard Watchlist

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.

*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com

TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.

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Watch the video, Thinkorswim Watchlist TTM Squeeze below:

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[1] == 0 and squeezeDots == 1 then 1 else if squeezeDots == 1 then alertCount[1] + 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);

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/

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86 thoughts on “Thinkorswim Watchlist TTM Squeeze”

  • Reply ↓
    Jeff

    Hi Pete, setup the TTM Squeeze watchlist as indicated in your video but the horizontal red and green dots showing up as one thick continuous line.
    Any idea what went wrong in my setup?

    • Reply ↓
      Pete Hahn Post author

      “…horizontal red line…”. Yep, something is definitely wrong. Because this code is designed for a custom column in a watchlist. You tried to put this on a chart?

    • Reply ↓
      Pete Hahn Post author

      That’s going to happen from time to time and there is nothing you can do about it. The issue is on the servers that run Thinkorswim. We (the users of the platform) have no control over that.

      • John

        I figured it out. The symbol watchlist scripts don’t work on the TOS simulated trading platform, but they do work on the TOS live trading platform.

  • Reply ↓
    Rose M.

    Good Day Pete,
    I am trying to create a scan that will display multiple stocks and their TTM squeeze dot status on one screen, bottom area. For example, I want to watch for when Stock1, Stock2, and Stock3 are in a squeeze. I would like it displayed on the chart instead of a watchlist. This way, one chart shows this indicator for those selections.
    Thanks TONS!
    Rose

  • Reply ↓
    Todd McCutcheon

    Thanks for the video. Looking to change time frame – on Custom Quote Formula. I see how to change to a standard Time Frame (daily, 1 minute, 5 minute, etc.). In Time Frame setup I have established my favorite time frames – such as 195 minutes. What would I need to change in your setup to be able to use a column in the watchlist for the squeeze on a 195 minute frame. Thanks. Todd

    • Reply ↓
      Pete Hahn Post author

      “Fixed”? Nothing is broken, that is the intention. According to John Carter the number of red dots do not matter. Therefore the code does not count them. You are welcome to post a request in the Q&A forum asking for a modification. Be sure to search the forum first to make sure someone has not already requested this.

  • Reply ↓
    Corey

    Hello Hahn. Is there a code that will also add the TTM wave color and TTM trend indicator colors to my watchlist? If the TTM wave is positive the color would reflect as blue if negative red. If the TTM trend is positive the color would reflect as blue and if negative red.

  • Reply ↓
    RJ Andersen

    Thanks for all of the great content Pete. I have my watchlist setup with D_Sqz and W_Sqz but having trouble finding the coding for the daily and weekly direction change. Where can I find the direction color code?

    • Reply ↓
      Pete Hahn Post author

      By “direction change” do you mean the watchlist that changes color to match the colors of the histogram of the TTM Squeeze? Did you check the green menu on the left sidebar at the top of this very page?

  • Reply ↓
    Paul Botelho

    Thanks for this. This is very helpful. Is it possible to make one for TTM Trend also? Would love to have one for the Squeeze and the trend. Thanks