TTM Squeeze Candles (Custom Colors) with Dynamic Strength Bar

Here is my tribute, tip of the cap to one of the greatest traders of our generation John F. Carter

It was my goal to try and simply visualize the squeeze with candle sticks, dynamic momentum, and signals all on one chart in one indicator. Please study and master the squeeze setup before trying to apply this indicator . You must have a deep understanding of how to trade the squeeze. Read "Mastering The Trade " watch JC's videos etc, and practice with a simulated or paper account before ever trying out new strategies with real money. Not financial advice, I am not a financial advisor! DYOR- with that said - I hope you like it :)

TTM squeeze candles **custom TradingView Pine Script (v6)** indicator that visualizes the **TTM Squeeze** strategy — a popular volatility-based momentum system originally developed by John Carter of TradeTheMarkets (TTM). This version enhances the classic TTM Squeeze with **custom candle coloring**, **dynamic momentum strength**, **visual alerts**, and a **real-time strength meter**.

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## OVERVIEW: What is the TTM Squeeze?

The **TTM Squeeze** identifies periods when **volatility is contracting** (price is consolidating), followed by a **potential explosive breakout** when volatility expands.

It combines:
1. **Bollinger Bands (BB)** – measure statistical volatility
2. **Keltner Channels (KC)** – measure average true range (ATR) volatility
3. **Momentum Oscillator** – determines direction and strength of potential breakout

> **Squeeze ON** = BB inside KC → Low volatility (consolidation)
> **Squeeze OFF** = BB outside KC → Volatility expanding (breakout possible)
## BEST USED ON

- **Timeframes**: 15m, 1H, 4H, Daily
- **Markets**: Stocks, Forex, Crypto, Futures
- **Pairs well with**: Volume, VWAP, Support/Resistance

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## SUMMARY

> **This is a highly visual, trader-friendly squeeze candle indicator that:
> - **Colors candles** based on squeeze state and momentum strength
> - **Shows real-time momentum intensity** via histogram + strength bar
> - **Alerts on squeeze start/release**
> - **Normalizes momentum** for fair strength comparison
> - **Provides clean, actionable signals** for breakout trading

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**Ideal for swing traders and day traders** looking to catch **high-momentum breakouts from low-volatility consolidations** with **clear entry signals and conviction levels**.