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FreeIndicators·ThinkorSwim

Squeeze Release Signals

Buy and sell arrows when a squeeze fires with momentum and the trend.

How to install in ThinkorSwim

  1. In ThinkorSwim, open a chart, then go to Studies → Edit Studies.
  2. Click Create, clear the editor, and paste the code.
  3. Name it, click Apply, then OK, and it draws on your chart.

How to Use — WTP_Signals

Mechanical triggers to evaluate, not magic. Educational, not advice.

What it is (one line)

Buy/sell arrows from your own logic: a squeeze RELEASE, in the direction of momentum, filtered by trend. A green up-arrow when a coil fires bullishly in an uptrend; a red down-arrow when it fires bearishly in a downtrend.

Who it's for & best timeframe

Trader typeHow you use itBest timeframe
Day traderTrade the fire off a coiled range with the trend5-min – 15-min
Swing traderBest fit — enter as the daily squeeze firesDaily
Position traderA weekly fire = start of a longer moveWeekly

What you see (overlay)

  • Green up-arrow below the bar — squeeze fired, momentum up, price above the trend MA.
  • Red down-arrow above the bar — squeeze fired, momentum down, price below the trend MA.
  • Ding alert on each new signal bar.

How it works

  1. A squeeze forms (Bollinger Bands inside Keltner Channels — coiled volatility).
  2. The release bar (squeeze turns off) is the trigger.
  3. Momentum (Inertia of price vs the mid) sets direction; the trend filter

(price vs the 50 MA) blocks counter-trend signals.

How to trade it

  1. Take the arrow in the trend's direction (that's what the filter enforces).
  2. Stop below the coil low (long) / above the coil high (short).
  3. Hold while momentum persists; trim as it fades. Pair with the War Room Hold Plan.

Settings

  • length (20) — squeeze + momentum lookback.
  • bbDev (2.0) / kcMult (1.5) — squeeze width (tighter kcMult = fewer, cleaner fires).
  • useTrendFilter (yes) / trendMA (50) — the counter-trend block.

Common mistakes / honest limits

  • They whipsaw in sideways chop. Keep the trend filter on and skip messy ranges.
  • Arrows are triggers to evaluate, not guaranteed entries — confirm with structure

(WTP_Zones) and the higher-timeframe trend (WTP_DailyTrend).

Video script outline

  1. Hook: "An arrow that only fires when the coil breaks WITH the trend."
  2. Explain squeeze release + momentum + trend filter.
  3. Entry + stop off the coil.
  4. Honest bit: whipsaws in chop — filter and skip.
  5. Recap + import link.

Educational analysis, not financial advice.

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