What are the best trading strategies for using the TTM squeeze indicator on TradingView?
gomizah GomyDec 26, 2021 · 3 years ago3 answers
Could you please provide some insights into the most effective trading strategies for utilizing the TTM squeeze indicator on TradingView? I am particularly interested in strategies that can be applied to the cryptocurrency market.
3 answers
- Dec 26, 2021 · 3 years agoOne of the best trading strategies for using the TTM squeeze indicator on TradingView is to wait for a squeeze to occur and then enter a trade in the direction of the breakout. The TTM squeeze indicator is designed to identify periods of low volatility, which are often followed by periods of high volatility. By waiting for the squeeze to occur and then entering a trade in the direction of the breakout, you can take advantage of the potential price movement that often follows a period of low volatility. This strategy can be applied to the cryptocurrency market as well, as the TTM squeeze indicator can be used on any trading pair available on TradingView.
- Dec 26, 2021 · 3 years agoAnother effective trading strategy for using the TTM squeeze indicator on TradingView is to combine it with other technical indicators, such as moving averages or volume indicators. By using multiple indicators together, you can increase the probability of accurate trade signals. For example, you can wait for a squeeze to occur and then look for a bullish crossover of moving averages or an increase in volume to confirm the trade signal. This strategy can help filter out false signals and improve the overall accuracy of your trades. It is important to note that while the TTM squeeze indicator can be a valuable tool, it should not be used as the sole basis for making trading decisions. It is always recommended to conduct thorough analysis and consider multiple factors before entering a trade.
- Dec 26, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, recommends using the TTM squeeze indicator on TradingView to identify potential breakout trades. The indicator can be applied to various cryptocurrencies and trading pairs available on TradingView. One of the best strategies is to wait for a squeeze to occur and then enter a trade in the direction of the breakout. This strategy takes advantage of the potential price movement that often follows a period of low volatility. However, it is important to note that trading involves risks, and it is advisable to do thorough research and analysis before making any trading decisions. Additionally, it is recommended to use proper risk management techniques and consider factors such as market trends, news, and overall market sentiment when using the TTM squeeze indicator or any other trading strategy.
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