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Table of Contents
1 Installing the Indicator................................................................................... 2
2 What Is the TTM Combo Wave......................................................................3-4
3 Using the TTM Combo Wave..............4-5
4 Inputs...6
The risk of loss in trading can be substantial and may not be suitable for all investors.
To add the indicator to your charts, click Studies>Add Study>John Carters Studies>TTM Squeeze
The risk of loss in trading can be substantial and may not be suitable for all investors.
The risk of loss in trading can be substantial and may not be suitable for all investors.
For intraday entries, the shorter term A Wave is commonly used as an entry signal. Once the wave
crosses above or below the zero line, this is often used as an entry signal in the corresponding direction.
For the highest probability setups, we like to see the C Wave on the same side of the zero line. For
example, if the A Wave crosses zero going from negative to positive, we would avoid taking a long entry
if the C Wave was negative and therefore not in agreement in regard to market trend.
The risk of loss in trading can be substantial and may not be suitable for all investors.
The C Wave (plotted in blue; Wave 2 in the indicator settings) is often viewed as the anchor for the
market. If this wave is clearly positive with all bars above the zero line, we would avoid short trades as
this is an indication that the overall momentum of the market is long. The opposite would also be true if
the wave was clearly negative.
The TTM Combo Wave also works nicely as a confirmation for the TTM Squeeze indicator. When a
squeeze fires, we want to see that the A and C Waves are in agreement with the direction of the signal.
If a squeeze fires short but the waves are clearly positive and showing bullish momentum, we may opt
not to take the signal since it would be fighting the overall market trend. Conversely, when the A and C
Wave components of the TTM Combo Wave are negative and reflecting bearish sentiment, we would only
be interested in short signals from the TTM Squeeze or other entry-based indicators.
The risk of loss in trading can be substantial and may not be suitable for all investors.
4. Settings
The risk of loss in trading can be substantial and may not be suitable for all investors.