TTM Squeeze Overlay shows Bollinger Bands and Keltner Channels. When the Bollinger Bands (purple) go inside of the Keltner Channel (yellow), the market is said to be in a squeeze.
The dots across the zero line of the TTM Squeeze & Momentum indicator will turn red, signifying this period market compression. Once the Bollinger Bands move outside of the Keltner Channel, a squeeze has “fired”. In order to determine the direction of the move, look at the histogram of the TTM Squeeze & Momentum. If it is above zero, the squeeze has fired long. https://www.tradingview.com/x/85TsXXPf/
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.