TTM® Squeeze Pro v1
thinkorswim Study
TTM® Squeeze Pro v1
The standard squeeze shows a dot: on or off. TTM® Squeeze Pro tells you how close the break is, which way momentum leans, how strong it is, and whether each new high or low is real.
Overview
TTM® Squeeze Pro rebuilds the classic squeeze for thinkorswim. One label tells you whether the market is RANGING or TRENDING, how tight the range is, and a momentum bias from −3 to +3. A second label checks every new high and low against momentum and flags divergence the bar it happens.
It keeps the four-colour histogram you already know, so there is nothing to relearn. And because every reading is measured against the symbol's own history, the same settings work on SPX, a $40 stock, a 5-minute chart or a daily.
7-Tier Momentum Bias
Strong Up
Big, building momentum in a trend. The top reading.
Normal Up
Solid upward momentum.
Lean Up
A modest lean. Context, not a signal.
Neutral
Too quiet to call. Stand aside.
Lean Down
A modest lean. Context, not a signal.
Normal Down
Solid downward momentum.
Strong Down
Big, building momentum in a trend. The top reading.
Features
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Know how close the break is
RANGING or TRENDING in plain words, plus a TIGHT flag when a range is about to break.
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Momentum graded, not guessed
Seven tiers from Strong Down to Strong Up. Fading momentum is ranked lower than building momentum, so a tiring move shows up early.
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Divergence, marked for you
An arrow on the bar where price makes a new high or low that momentum does not back up. No more squinting at the histogram.
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Confirmation with the bigger picture
Every signal is checked against a higher timeframe (15-minute by default), so you know if you are trading with the trend or against it.
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Two timeframes, one chart
An optional higher-timeframe label gives you context and entry timing without switching charts.
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One setup for every symbol
Readings scale to each symbol's own history. No per-symbol tuning.
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7 alerts
Get told when a range breaks and which way, when momentum hits Strong, and when a divergence appears.
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Open source, no repainting
The built-in squeeze is locked. This one is plain thinkScript you can read and edit, with 16 settings to tune. Closed bars never change.
Built for
Squeeze traders
See how close the break is instead of waiting for a dot to change.
Day traders
See the higher-timeframe trend alongside your entry chart, without switching screens.
Trend traders
Spot a move losing steam before it reverses on you.
Multi-symbol traders
One set of settings across your whole watchlist.
What you get
TTM® Squeeze Pro Chart Study source code — full thinkScript source code plus a TOS Shared Item URL for easy installation.
TTM® Squeeze Pro Chart Study User & Installation Guide — a complete installation guide & user guide with step-by-step explanations, worked examples, trading scenarios and tuning tips.
Free updates & support — including all minor enhancements and fixes.*
One-time purchase — no subscription, no recurring fees. Ever.
TTM® Squeeze Pro is a custom thinkScript study for use on the thinkorswim® platform by Charles Schwab. TraderStoa is not affiliated with Charles Schwab in any way, nor with John Carter or Simpler Trading. We are not responsible for any damages or losses incurred from using this study in your trading. Use at your own risk.
TTM® Squeeze is an indicator originally developed by John Carter of Trade the Markets (now Simpler Trading). "TTM®" and "TTM® Squeeze" may be trademarks of their respective owners. TTM® Squeeze Pro is an independent study built by TraderStoa. It is not affiliated with, endorsed by or sponsored by John Carter, Trade the Markets or Simpler Trading. References to the original indicator are for identification and comparison only.
* Minor fixes and enhancements will be announced on the site and by email. Major changes that result in a complete new functionality and major changes to the study are not included; they can be purchased separately.
This is a digital software product — all sales are final, no refunds after download.
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