INVITE-ONLY SCRIPT
TTM Regression°
This oscillator attempts to provide context to John Carter's "TTM Squeeze" indicator.
Similar to my MAR° indicator, statistically significant areas based on the past n candles (Lookback) are calculated to provide context for the y-axis values of the TTM indicator.
Note that Carter's squeeze idea has been dropped in favour of the regression bands, in that they offer a clear visual momentum squeeze condition.
The regression bands identify temporary exhaustion of bullish (purple) and bearish (green) momentum; these could potentially be seen as overbought and oversold indications.
The dotted midlines dictate intra-zones where momentum could reverse to continue the larger trend.
All the latter behave similarly to Support and Resistance zones.
The oscillator can also be normalized over a given interval to show results on a scale between 0 and 100, preserving even more context over time.
You should experiment for yourself to find out what is best for you in terms of scale, and Normalization Period.
Normalization Example: on the left you can observe how the momentum is visualized differently based on the scale, given the rapid momentum to the upside.
// –––. Regular
// –––. Normalized
It's crucial to use this oscillator as confluence only and not to take trades based solely on its indications.
At the moment there are no alerts set for this script, open to suggestions :)
Similar to my MAR° indicator, statistically significant areas based on the past n candles (Lookback) are calculated to provide context for the y-axis values of the TTM indicator.
Note that Carter's squeeze idea has been dropped in favour of the regression bands, in that they offer a clear visual momentum squeeze condition.
The regression bands identify temporary exhaustion of bullish (purple) and bearish (green) momentum; these could potentially be seen as overbought and oversold indications.
The dotted midlines dictate intra-zones where momentum could reverse to continue the larger trend.
All the latter behave similarly to Support and Resistance zones.
The oscillator can also be normalized over a given interval to show results on a scale between 0 and 100, preserving even more context over time.
You should experiment for yourself to find out what is best for you in terms of scale, and Normalization Period.
Normalization Example: on the left you can observe how the momentum is visualized differently based on the scale, given the rapid momentum to the upside.
// –––. Regular
// –––. Normalized
It's crucial to use this oscillator as confluence only and not to take trades based solely on its indications.
At the moment there are no alerts set for this script, open to suggestions :)
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除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Contact me on Discord for a free trial and access information!
toodegrees#5116
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
homo faber fortunæ suæ
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡toodegrees。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Contact me on Discord for a free trial and access information!
toodegrees#5116
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
homo faber fortunæ suæ
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。