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The TTM Squeeze is a well-known tool in technical analysis, developed by John Carter of Trade the Markets. Its main purpose is to spot times of low volatility and predict potential price breakouts.
This indicator combines two widely used tools: Bollinger Bands and the Keltner Channel. Bollinger Bands are plotted around a moving average and expand or contract based on market volatility. The Keltner Channel uses the Average True Range (ATR) to determine the channel's range.
The TTM Squeeze indicator has two main components:
When the red dots turn green, and the histogram shows upward momentum, it signals a potential long trade. If the red dots turn green, but the histogram indicates downward momentum, it suggests a possible short trade.
The TTM Squeeze works on any time frame. Once the squeeze fires, it usually lasts for 8-10 bars:
Understanding these durations helps traders make more informed decisions in their trading strategies.
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