The BEST Indicator On TradingView: Squeeze Momentum Indicator Strategy (Lazybear)

this indicator is so good it's going to squeeze every last penny out of the market so without further Ado let's get straight to it hey Traders I hope you're going extremely well my name is David and welcome back to my channel where I go through profitable trading strategies today we're going to be looking into an indicator called the ttms indicator also known as The Squeeze momentum indicator here on this channel now I know I've already looked at this indicator many times before but I put have a particular love for this indicator as it was one of the first indicators that I back tested but it's not only a personal matter the Star Hill Forex blog which I consult regularly added this indicator to its list of valid indicators this week so we're going to be looking at the blog the back testing results and we're going to create a trading strategy from it with our own back testing results hopefully it's going to be great and if that sounds something that could be interesting to you why not subscribe to the channel I do videos every Monday Wednesday and Friday about profitable trading strategy you can also join us and add all of the DCH strategies the links are all in the description right let's get over to my computer let's have a look at this indicator I'm going to be coding and back testing it and hopefully finding a profitable trading strategy right let's go one last thing before we go I did forget to mention that if you put your favorite indicator down in the comments below I do give away 1 million Bonk coin to a random comment in every single video so s your favorite comment down below and you might be in a chance of winning right let's get over to that computer let's go so here we are on the Stonehill Forex blog I regularly consult this blog for new indicators and inspiration I think it's absolutely brilliant this week they added the ttms or the TTM squeeze an indicator that I love and have been using for a long long time as you can see on the blog the indicator was made by John Carter the Founding Father of the simpler Trading Company very well known in the community of trading as the good guy but as you can see from the blog they've gone through the whole story I'm not here to do that today I'm going to go through the indicator I'm going to go through my version and how I've attempted to improve it and build a full trading strategy so let's go over to trading view okay here we are on trading view I'm going to click indicators at the top here and we're going to look for squeeze momentum now there is plenty of versions of this there's the TTM squeezed they squeeze momentum by lazy bear I'm going to be adding the first one here as it's one that I'm used to using but I'll be showing you a David take version afterwards which is much easier to trade and probably easier to find entries so the squeeze momentum indicator has a histogram and if I change the colors here very slightly C magic isn't only uh the volatility of this histogram here but it's actually also created by these white and black crosses these white and black crosses are made by the cner channel and the Binger bands when the Binger bands are in a squeeze beneath the actual Kel no Channel they actually go black when they go when it fires out and pops out it means that we are breaking out of that squeeze and that's when they turn white let's add the back their Channel and the Ballinger bands to our chart and as you you'll be able to see exactly what I'm talking about so the Binger bands are the red and green ones as you can see here when the Binger bands are outside of the actual Kelo Channel we have white crosses and when they actually gets squeezed in between the celer channel just like they do here we're actually turning black meaning that we're potentially moving sideways being squeezed and we're going to break out in one or the other direction as it turns white here as you can see we've actually predicted the perfect squeeze breakout of that just here I think this is magical and absolutely amazing absolutely love the logic behind this squeeze of two brand indicators on one single chart and then adding this histogram makes it even better so I've put all this together try and make a indicator based on another one here you can find my indicator on david.com and you go up to three indicators at the top here and you'll be able to find the ttms indicator just here or there depending on whether you want to call it a volatility or a confirmation indicator we're going to add that one to the Chart we go over here we click on that link it opens up this we then add it to our favorites it's free and open source and you'll be able to find it then in your favorite indicators just here by clicking on it it will add this indicator to your chart which allows for us to remove the histogram and make things a little bit better so as you can see we have different colors of candle depending on the volatility in the market and then we have green dots above the actual candles which means the Ballinger bands are breaking out of the Kelner channels when they go green that is where we look to take an entry as you can see is an absolutely perfect entry would have been brilliant as a trade with over 7% from there to the top obviously it's cherry picking the bearish obviously would have been a little bit less here but still a very very good entry so this is where we take our indicator this is going to be considered as our volatility and Confirmation indicator in one single indicator which is brilliant we're going to add a couple of other indicators to try and create a strategy from this one single indicator okay so today's trading plan is also going to be based on the nnfx model for our Baseline which is going to give us Trend direction we're going to be using the alma the Ono lru moving average we're going to be adding the TTM squeeze as our confirmation and volatility indicator and we're going to complement that with another volatility indicator which is called the stiffness index they're going to be our indicators that we're going to be using today we're going to be on BTC usdt on the 30 minute time frame I'm going to add those to my chart just to show you what they are and then I will code it into a trading strategy so we can back test it as far as we possibly can to see how how well it would have worked on historical data I will then put it into forward testing to see whether it works on live markets for a couple of months before actually trading which you can find on my website obviously the links are down in the description right let's have a look at the indicators we're going to be using okay let's start with adding the indicators here we're going to add the Elma which is the Arnold Gru moving average this one here we're also going to be adding the stiffness indicator which is this one here by David Tech the Aro l through we're going to set up as our Trend Direction so we're going to add this to a window size of 50 and leave the rest as is I'm just going to make it a little bit thicker so we can see here on YouTube no need to do that unless you're doing YouTube videos yourself okay so we have this here's the Elma it is a blue moving average as you can see it hugs price it's been very very good in my back testing results before so let's hope it's going to be great today when price is trending above the arodo gru we are looking for Longs when it is trending below we're looking for shorts we're then looking for the stiffness index the ttms is very very good so we're going to have a threshold that is very low on the stiffness index we're going to use the Cog over here and we're going to set the threshold to 25 which will give us our entry confirmation so the stiffness index what we'd like for the stiffness index to confirm our trades is for this yellow line the stiffness to be above the red line which is our thre threshold that confirms our entry whether they're short or long it makes no difference whatsoever we're just looking for the yellow line to be above the red okay that's great so let's have a look at a couple of entries here this is going to be our first entry just here as you can see we are above the alma the ground background has gone green on the David Tech TTM squeeze indicator and we have a Green Dot above our candles this is our perfect entry just here we're going to be checking to make sure that the stiffness index is above the threshold which it is and we're going to be setting our stop losses to ATR bands this is going to be the ATR bands by David Tech just here and we're going to be setting up our ATR bands as a 2.5 multiplier just like that okay so we're going to be setting our stop loss to the ATR bands which would be around here and we're looking for a risk reward of two perfect so that would have been an Absolut perfect entry as you can see there would have been plenty of entries to get all the way up to the top here but we would have taken 0.8% out of the market on that one there maybe the next one would have been a better entry as the stop loss may have been slightly bigger right I'm going to go away and code this hopefully the performance will be as good as it looks it's been a long time that I've been trying to find a good strategy with the TTM squeeze as it's something that I've had a longtime love and hate relationship with as an indicator hopefully this one's going to be the one guys let's get back to back tting it let's go come on David and once again he's to a new strategy he'll be back in just minutes come on show us show us you got guys before we get over to the back testing results I'd love to give a good old shout out to court W who have partnered up with us to offer reduced fees to all of the David take members you can get 12% off of your trading fees by using the link below you can now also connect all of the DAV Tech strategies over to the coin w exchange and trade automatically with Bots with a couple of clicks as if that is not enough they are offering a $50 deposit bonus if you deposit $50 you'll get $50 in credit to use on their exchange so that's free trading for everybody and a ton of wonderful bonuses exclusively for the David Tech Community all of the details are down in the description below and don't forget that coin W is a no kyc exchange so what more could you ask for right let's get over to the back testing results okay here we are for the back testing results the code is ready Bitcoin is dumping but we don't care we're going to be trading let's hit the drum rolls please boom right as you can see we've back deep back tested all the way to 2019 going as far back as we possibly can on data on this exchange and look at that wonderful win rate absolutely amazing if I take off on more local data we're even at a 66. 67% win rate which is absolutely amazing right let's have a look at some of these stats this trading strategy performed a very very well and had a net profit of 7,229 we had 216 closed trades a win rate of 64.3 5% back testing all the way to 2019 a profit factor of 2.44 2 and a Max draw down of 21% now you got to remember guys that I am trading with leverage at 10x leverage using 10% of my portfolio as always on this channel here if we go over to here as you can see all of the months are looking pretty good there was July August and September which were in the red so we might need to look at why that is we had a max number of wins in a row of 14 and a max number of losses in a row of four which is absolutely amazing total wins 52 total losses 27 total number of Trades of 78 which obviously means that it's only on that small amount of data there only a couple of things that I actually modified and that was adding a maximum stop loss of 3% and a minimum take profit of 1% so that means that if the ATR is too far away we actually replace that and don't trade at all if we have a too smaller take profit we actually don't trade either one thing I do like to do on this channel is also turn off compounding to see how we would have performed if I pressed a deep back test on that without compounding on 10x leverage the equity curves looks absolutely amazing but we would have only made 154% net profit this means that if you take $100 and Tade with $100 for every single trade and never compound you would have come back with 154% which isn't bad considering that you would Max draw down would have been only 5.81% which is absolutely amazing considering how much that Bitcoin actually dips when it does in comparison to the buy and hold it would have been 668 so the 7000% absolutely hammered that but without compounding obviously we made a lot less okay guys I hope you enjoyed that I have one last thing to do before leaving you and that is to give away 1 million Bonk to a random comment from YouTube okay we're going to be randomly picking a comment from this video here as you can see there was only 24 comments so you do have quite a large chance of winning if you do comment below let's press start off we go Willam congratulations to you you have just won 1 million Bonk coin please reach out to me or Vlad in the Discord to claim your prize thank you guys for being the absolute best community inside of YouTube and Discord as always a pleasure to be here we are still growing between 4 to 5,000 new subscribers every single day here on YouTube thanks for sharing with all your friends and family my objective here is to be as transparent as possible giving you the possibility of seeing what the trading strategies would actually do on Real Time Market take a look at the website you'll be able to see everything transparently displayed inside with all of the trading strategy is easy to click and copy in couple of buttons have a great day guys have a great weekend I look forward to seeing you all on Monday Keep Safe Keep trading trade like a boss and I'll see you on Monday have a great weekend guys bye-bye on again he's got to call a new strategy he'll be back in just 5 minutes RSI and MD