Phoenix Squeeze

With this well-known NinjaTrader squeeze momentum indicator, spotting a volume explosion is no longer difficult.

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Product Description

ninZa.Co - EMPOWER the Trading World

Identify price explosions in a flash with this awesome NinjaTrader squeeze indicator

There have been dozens of squeeze indicators on the market, all inspired by the legendary indicator named "TTM Squeeze". This squeeze momentum indicator for NinjaTrader 8 takes advantage of the characteristics of Bollinger Bands and Keltner Channel in a really smart way.

While Keltner Channel is rather stable, Bollinger Bands is elastic due to the nature of Standard Deviation. Therefore, whenever Bollinger Bands contracts and goes completely inside Keltner Channel, the market is said to be in a squeeze - which is usually a signal of a choppy or uncertain market condition.

Then when Bollinger Bands expands and travels outside Keltner Channel, the market leaves the squeeze and often enters an "explosion" phase, because a period of low volatility often leads to a period of high volatility (trending in either way).

Our version, Phoenix Squeeze, uses a metaphor that the phoenix is locked in a squeeze when the market has low volatility. Then the phoenix will majestically fly (either up or down) when the market explodes with increasing volatility.

The Squeeze plot created by this awesome NinjaTrader squeeze indicator is hard-coded at zero and only displays the information through its color: red or orange for in-squeeze periods, and green or darkgreen for out-of-squeeze periods. As you see, the Squeeze plot identified by our NinjaTrader 8 squeeze momentum indicator is colorized in 4 user-defined colors (instead of only 2 colors as in most versions out there) to show how strong the contraction and expansion is.

The Squeeze plot does not tell the direction of explosion, so here comes the duty of the Momentum plot which is calculated from a complex combination of the Close price, the moving average of Close, the Donchian channel midline, and the smoothing of the final result in the end. A positive momentum indicates a bullish trend, while a negative momentum indicates a bearish trend. Combining the Momentum plot information with what's provided by the Squeeze plot, you can come up with a comprehensive interpretation of the market price action.

Just like any other remakes we have done, we added a whole lot of enhancements to level up this legendary NinjaTrader squeeze indicator. Some of our most important enhancements include:

  • Safe explosion period: Phoenix Squeeze lets you define how many bars after a squeeze you can rely on for an explosion. The default setting is 8 bars, which is recommended by the original author. The indicator then paints chart background & colorizes bars in special colors to highlight this special period.
  • Contraction & expansion ratios: Our robust squeeze indicator for NinjaTrader 8 lets you define the strong contraction & expansion ratios, where the ratio is equal to the width of Bollinger Bands divided by the width of Keltner Channel. With this feature: strong contraction can be highlighted in red, weak contraction is in orange, weak expansion is green; strong expansion is darkgreen. The Squeeze plot will be color-coded that way to help you intuitively recognize the intensity of contraction/expansion.
  • Slowdown signals: In a trending phase, whenever there is a decrease of momentum, a slowdown signal will be printed to alert you to the possibility of trend weakness.
  • Full of options: You can build Bollinger Bands with , and can even smooth the midline further. You can build Keltner Channel with our special ninZaATR and 11 MA types, which is independent from the Bollinger Bands. The momentum can also be constructed with any of 11 MA types. Therefore, you can mix & match the settings to find the best configuration for your instrument and timeframe.

Important instructions on the settings: Depending on the timeframe and instrument you trade, you need to tweak this NinjaTrader 8 squeeze momentum indicator for adaptation. You just need to focus on these important settings:

  • Bollinger offset (Standard Deviation): Decrease the Bollinger offset to have more in-squeeze periods, and increase the Bollinger offset to have fewer. A good configuration should produce the balance between in-squeeze periods and out-of-squeeze periods.
  • Thresholds of momentum: You will need to increase/decrease Threshold Upper & Threshold Lower to match well with your timeframe and instrument. Too small thresholds may bring noises, while too large thresholds will cause a delay of signals.

In this indicator, ninZaATR is used (instead of regular ATR) for better performance. For your information, ninZaATR is ninZa.co's special ATR version that helps improve indicator performance significantly on intraday charts. It is also a standalone FREE indicator for ninZaFamily → https://ninza.co/product/ninzaatr.

Dedicated NinjaScript signals:

  • Signal_Trend: 2 = uptrend explosive, 1 = uptrend normal, -2 = downtrend explosive, -1 = downtrend normal, 0 = no trend
  • Signal_Trade: 1 = uptrend explosion, -2 = uptrend slowdown, -1 = downtrend explosion, 2 = downtrend slowdown
  • Signal_Squeeze: -2 = contraction strong, -1 = contraction weak, 1 = expansion weak, 2 = expansion strong
  • Signal_Momentum: 2 = positive increase, 1 = positive decrease, -2 = negative increase, -1 = negative decrease

Software Changelog

  • 28 Mar 2023 - The popup message was updated.
  • 27 Dec 2022 - A minor bug was fixed.
  • 20 Dec 2022 - The indicator was released (build new).

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  1. product_image Phoenix Squeeze $$
    5 5

    Market Profile Composite

    I was already a satisfied user of ninZa.co's NT7 market profile indicators. This week I decided to try their NT8 version. After installation I ran into some issues. Those were quickly solved thanks to the excellent support. Thanks a million for that!

  2. product_image Phoenix Squeeze $$
    5 5

    Good Indicators For NinjaTrader 8

    I really like ninZa.co's indicators and I can't trade without them. I appreciate you guys for your help regarding technical issues.

  3. product_image Phoenix Squeeze $$
    5 5

    Hannah and support team has been VERY helpful - I greatly appreciate it

    Hannah and the ninZa.co support team has been VERY helpful in answering several support tickets I’ve submitted, over the past month or so. They have been very patient when answering all my questions and I greatly appreciate it. Thanks, everyone at ninZa.co

  4. product_image Phoenix Squeeze $$
    5 5

    Outstanding Assistance From Grace

    Your help was very much appreciated. You did an amazing job, Grace. Thank you very much. You were wonderful to work with.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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