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-   -   TTM Squeeze indicator users?? (http://www.elitetrader.com/vb/showthread.php?t=118489)

Wood474 Feb 21st, 2008 05:28 AM

TTM Squeeze indicator users??
 
Anyone use this? Been a follower of TTM for a long time and have learnt alot, so I'm not knocking them. I've got this squeeze indicator on eSignal. I have looked back over a multitude of futures market and see no real consistency to it. Daily, hourly, 15 min, 512 tick charts, the whole lot. It just seems to be random.

Granted, it makes some great calls, but what indicator doesn't! It seems to fire off alot right at the end of a move, or the market is clearly pushing higher and it fires off a sell signal. Or it fires off just as the market stalls and makes a pullback which would inevitably stop you out.

It maybe my settings are wrong on eSignal. I'm using the standard settings. TTM swear by it and in his videos it looks like such a great indicator but I just can't see it as anything other than random.

I've been trading many years and don't rely on indicators, but wanted to get more involved in some shorter term scalps so I am taking a look at it.

Anyone using it with great success?

cvds16 Feb 21st, 2008 06:36 AM

I did some extensive backtesting on several timeframes/tickcharts intraday with this about two years ago, the results were very poor to negative ...

Wood474 Feb 21st, 2008 06:39 AM

So it seems then. Appreciate the feedback.

Kap Feb 21st, 2008 07:09 AM

Quote:

Quote from cvds16:

I did some extensive backtesting on several timeframes/tickcharts intraday with this about two years ago, the results were very poor to negative ...
poor to negative ... sounds like you've found something :-) swap the buttons over >?

Wood474 Feb 21st, 2008 07:15 AM

Kap, no shit. I seriously looked at that. It does seem so poor that I thought maybe there was a way of using the other way around and take the signals as pullback entries the other way!

Bogan7 Feb 21st, 2008 07:21 AM

I think what you are maybe confused to what the indicator, well indicates. It simply shows when a market within that time/tick frame goes from lower to higher vol levels. How you enter the market and then manage the trade after a squeeze has fired makes a big difference to overall profitability.

The Squeeze is not a trading system merely an indicator


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