OPEN-SOURCE SCRIPT

TTM Squeeze Range Lines (with Forward Extension) By Gautam Kumar

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This TTM Squeeze Range Lines script helps visualize breakout levels by marking the recent squeeze’s high and low, making it easier to identify potential trade setups. Each signal line is extended for visibility, showing possible entry levels after a squeeze.

Interpreting the LinesLight blue background marks periods when the TTM squeeze is active (tight volatility).

Green line is drawn at the highest price during the squeeze, extended forward—this is commonly used as the breakout level for long entries.

Red line shows the lowest price during the squeeze, indicating the bottom of the range—potential stop loss positioning or an invalidation level.

When the squeeze background disappears, the horizontal lines will have just appeared and extended forward for several bars after the squeeze ends.

If the price breaks above the green line (the squeeze high), it signals a possible momentum breakout, which traders often use as a long entry.

The red line can be used for placing stop losses or monitoring failed breakouts if price falls below this level.

Best Practices
Combine these levels with volume and momentum confirmation for strong entries.

Adjust the extension length (number of bars forward) from the settings menu to fit your preference.

For systematic trading, use these breakout signals alongside chart pattern or histogram confirmation.

This makes it easy to visualize strong entry zones based on the end of squeeze compression, supporting both discretionary and automated swing trading approaches

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