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 ↓
    Ron

    Hi Pete, could you help create a script for customs watchlist column, color coded for SMA or EMA crossovers? I am sure many will really appreciate this.

    • Reply ↓
      Pete Hahn Post author

      Check the Q&A forum. There have been numerous requests for something similar. If you don’t find one that fits your particular use case then post a new question in the forum.

      • Ron

        Terribly sorry, English is my 2nd language, I have very hard tiem navigating in Q&A. I figured out 100% your instructions for customizing TTM Squeeze indicator and even managed to change colors in watchlist. Could you please help with scrit where I can get EMA or SMA crossover custom watchlist view, where I could in addition be able to change value of EMA and SMA for example 5 and 8 or 5 and 13 or 20 and 50 etc. Many thanks.

      • Pete Hahn Post author

        I do not provide custom solutions in the comments section of a video. There are only two places where I provide solutions. One is the Q&A forum, where I have provided well over 1,400 custom solutions to date. The other method is through my professional services, which I don’t advertise because I already have all the work I can get to. I am sorry that a language barrier prevents you from making use of our Q&A forum.

  • Reply ↓
    Ron

    Hello, is there a way to add time frames to TOS in Watchlist Scritp writer menu. I can only install your TTM squeeze Dots indicator in my watch list with given list of time frames, what if I want to add customized time frame like 39 min, 78 minutes, 195 minutes. THIS WOULD HELP HUGELY, please help me solve this problem.

    • Reply ↓
      Pete Hahn Post author

      Sorry but no. There is no way in Thinkorswim to create custom aggregation periods from code. Those will have to be added by the developers of Thinkorswim. So if this is really crucial to your ability to trade successfully then be sure to contact TDA support to request they add custom aggregations to custom quotes.

  • Reply ↓
    Jin

    Hi Pete, I’m new here and learned tons of new stuff how to setup TDA on your website so far. I have question I copied the code and it works fine, but only shows green and red. As your video it actually shows the background color that matches TTM Squeeze Wave bar. Can you help me on this?

  • Reply ↓
    bon jourq

    So now that you we learned from this video – thanks to your clear explaination – how to set up our platform, I know that you dont teach people how to trade but any advice or a link to where can we learn how to best use this strategy
    (what is the best color combination need to look for between multiple timeframe to determine a trade timing)

    Thank you

  • Reply ↓
    bonjourq

    Hello,
    Could you please advise what I need to modify in this script so it will show a count in the red cells ( to know how many counts the stock has been in the squeeze )
    Thank you

  • Reply ↓
    Jenny

    Thank you for all your amazing help Pete.

    I have an issue with a custom code I am writing up.

    def Buy = RSI < 30;
    def StrongBuy = RSI 70 ;
    def StrongSell = RSI >75;
    def NoBuy = not Buy and not StrongBuy and not Sell and not StrongSell;

    I know there are other ways around this. But really want to use the feature “not” due to some of my other code being alot more complicated and not as easy to code to not fall under 70 and above 30.

    Thank you.

  • Reply ↓
    Jesselle

    Thank you for the content Pete, its always appreciated.

    I put the squeeze dots on my watch list. I noticed that sometimes the watch list shows that the stock is in a squeeze and when the dots are green on the chart. I double checked the time on the chart with the time on the watch list indicator and it matches. Im thinking that the stock is squeezing but it hasn’t closed yet. Any idea?

    Thank you.