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TTM Squeeze Wave A for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
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.
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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();4 comments
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Can you detail how this works? I am aware of TTM Squeeze but the dual tone histogram seems new to me.
PLEASE EXPLAIN BUY SELL CONDITION
how to read this histogram? what is the meaning when the red candle reach the top?
This is MACD..Not TTM squeeze!