OPEN-SOURCE SCRIPT
TTM Squeeze [ST]

**TTM Squeeze [ST]** is a streamlined volatility indicator designed to identify periods of consolidation before potential price breakouts.
This version focuses exclusively on the "Squeeze Dots" component, making it a lightweight and minimalist tool for traders who want to filter low-volatility environments without the clutter of a momentum histogram.
### đź› Key Concepts
The indicator compares **Bollinger Bands** (Standard Deviation) with **Keltner Channels** (Average True Range):
1. **đź”´ Red Dots (Squeeze ON):**
* Occurs when Bollinger Bands contract *inside* the Keltner Channels.
* **Meaning:** Volatility is extremely low. The market is "coiling" or building up energy.
* **Action:** Prepare for a potential breakout. Do not trade the chop; wait for expansion.
2. **âš« Dark Gray Dots (Squeeze OFF):**
* Occurs when Bollinger Bands expand *outside* the Keltner Channels.
* **Meaning:** The squeeze has "fired." Volatility is expanding.
* **Action:** The move has likely started.
### ⚙️ Standardization [ST]
* **Part of the [ST] Suite:** Standardized inputs and optimized performance.
* **English Native:** Codebase and settings translated to English.
* **Version Control:** Internal version tracking included.
### đź“‹ How to Use
Use this tool as a "Go / No-Go" filter for your trades.
* If the dot is **Red**, avoid entering new trend-following positions, as the price is likely chopping sideways.
* Wait for the first **Gray** dot after a series of Red dots to signal the start of a new volatility expansion phase.
---
*Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*
This version focuses exclusively on the "Squeeze Dots" component, making it a lightweight and minimalist tool for traders who want to filter low-volatility environments without the clutter of a momentum histogram.
### đź› Key Concepts
The indicator compares **Bollinger Bands** (Standard Deviation) with **Keltner Channels** (Average True Range):
1. **đź”´ Red Dots (Squeeze ON):**
* Occurs when Bollinger Bands contract *inside* the Keltner Channels.
* **Meaning:** Volatility is extremely low. The market is "coiling" or building up energy.
* **Action:** Prepare for a potential breakout. Do not trade the chop; wait for expansion.
2. **âš« Dark Gray Dots (Squeeze OFF):**
* Occurs when Bollinger Bands expand *outside* the Keltner Channels.
* **Meaning:** The squeeze has "fired." Volatility is expanding.
* **Action:** The move has likely started.
### ⚙️ Standardization [ST]
* **Part of the [ST] Suite:** Standardized inputs and optimized performance.
* **English Native:** Codebase and settings translated to English.
* **Version Control:** Internal version tracking included.
### đź“‹ How to Use
Use this tool as a "Go / No-Go" filter for your trades.
* If the dot is **Red**, avoid entering new trend-following positions, as the price is likely chopping sideways.
* Wait for the first **Gray** dot after a series of Red dots to signal the start of a new volatility expansion phase.
---
*Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità . Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità . Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.