#Ttm squeeze indicator update#

Now that we have ability to explicitly define threshold values for PRE and POST, you can get alerted as stocks not only meet the criteria, but 'enter' into the set Squeeze range.įor more detail, please see the introduction to MOMO Squeeze.

#Ttm squeeze indicator update#

Also note, POST is represented as a negative value and MOMO will automatically insert a '-' sign if you do not do so.Īn important reason for this update is to make MOMO Squeeze work as a condition within our Conditional Alerts. NOTE: You cannot select all 3 states as this defeats the purpose of filtering based on Squeeze. Of course you can combine Squeeze with any of our other indicators, but this is just a basic example. NOW doesn't have any input as it is naturally limited to the current timeframe. As shown below, you can filter those stocks in latter stages of PRE and also those currently breaking out (NOW). Now you can configure MOMO Squeeze to filter based on the number of timeframes in PRE and POST. Initially, we only had these 3 coarse options as filters, but we soon realized that users would want to fine-tune these across multiple ranges and filter some of the outlier data. We translated this into 'PRE', 'NOW', and 'POST' so MOMO users can sort and scan stocks based on this state.

Graphically, when TTM Squeeze is overlayed on a chart there the stock can be 'in a squeeze pattern', 'breaking out of the squeeze pattern' or 'no longer in a squeeze pattern'. In building we had to provide a tabular way to indicate the 3 states which a stock can be in at any given time. The capability is not only unique, but one of, if not the most powerful way to fortell strong stock breakouts. At the beginning of the year we released our first iteration of MOMO Squeeze - as a way to scan the entire market based on TTM Squeeze.