OPEN-SOURCE SCRIPT
MACD frontSide backSide + TTM Squeeze by bangkokskater
Updated
Dark Mode is enabled by default for black theme
disable Dark Mode for white theme
MACD frontSide backSide
===================
an elegant, much better way to use MACD
for trend following momentum ( aka momo) style
MACD with default settings of 12/26 smoothing of 9
✔️ but without histogram
✔️ only has MACD and signal "lines"
green = frontSide momentum impulse
take longs only
red = backSide momentum impulse
take shorts only
black area = exit (once green or red is no longer showing)
or keep holding till next bigger TP
PS: credits to Warrior Trading Ross Cameron for this idea
youtu.be/nH-z-089CgM?t=1018
TTM Squeeze
===================
white dots = incoming pump / dump (monitor for entry)
PS: credits to John Carter's TTM Squeeze & Greeny for PineScript adaptation
disable Dark Mode for white theme
MACD frontSide backSide
===================
an elegant, much better way to use MACD
for trend following momentum ( aka momo) style
MACD with default settings of 12/26 smoothing of 9
✔️ but without histogram
✔️ only has MACD and signal "lines"
green = frontSide momentum impulse
take longs only
red = backSide momentum impulse
take shorts only
black area = exit (once green or red is no longer showing)
or keep holding till next bigger TP
PS: credits to Warrior Trading Ross Cameron for this idea
youtu.be/nH-z-089CgM?t=1018
TTM Squeeze
===================
white dots = incoming pump / dump (monitor for entry)
PS: credits to John Carter's TTM Squeeze & Greeny for PineScript adaptation
Release Notes
v1.0aDark Mode frontSide green & backSide red colors are more obvious
Release Notes
v1.0bAlerts fire only on the 1st occurence of frontSide or backSide.
Previously alerts fired on every bar...
Release Notes
v1.0csame for ttmSqueeze
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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