TTM Squeeze

Overview

The TTM Squeeze indicator looks at the relationship between Bollinger Bands and Keltner Channels to help identify consolidations and signal when prices are likely to break out (whether up or down). This colourful indicator is displayed as histogram bars above and below a horizontal axis. This is Very effective especially when trend shift occur to easily spot the exact levels where a potential reversal is taking place. This can be seen where the more heavily coloured red and green parts of the histogram stop. This shows that the current trend is potentially ending and a reversal is potentially taking place. When the Bordered edge either green or red stops being shown, this is an example of a potential reversal point.The yellow diamonds show potential squeeze points, this is where price is moving so little that there is a high chance that price is being restricted. When price is restricted it often breaks out violently out of the restriction because restrictions are artificially created and not a part of natural Price Action.

TTM Settings

Other than the style of the histogram the lengthof the Indicator can be adjustedThe Default setting is 20, however if you want it to move more violently or quickly (For Scalping) then slowly lower this value. If you want to have the TTM be more wavey and move more slowly (For Swing Trading) then you should slowly increase this value

Stochastic RSI

Overview

The Stochastic RSI (StochRSI) is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data.

Anytime the Stochastic RSI is over 80 as a value it is considered to be Overbought, and anytime the Stochastic RSI is under 20 as a value it is considered to be Oversold.

Overbought doesn't necessarily mean the price will reverse lower, just like oversold doesn't mean the price will reverse higher. Rather the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings.Because the Stochastic uses the Stochastic Oscillator formula as it relates to RSI (Relative Strength Index) it moves more freely than the RSI and the dual bands show crossover points where potential reversals occurThe RSI in the Stochastic RSI Indicator is specifically tied to Divergences. This will directly show when price is Bearish Diverging, Hidden Bearish Diverging, Bullish Diverging, or Hidden Bullish Diverging. 

Bullish Divergence means Price is decreasing but strength is increasing which is a sign that Price may soon reverse to the UpsideBearish Divergence means Price is increasing but strength is increasing which is a sign that Price may soon reverse to the Downside

Settings

Other than the style of the bands as well as the filler background between them, the Stochastic RSI can be adjusted by values as wellThe Default Blue Band is controlled by the K Input and the Default Orange band is controlled by the D Input. The default values for this is 3 and increasing the values will increase the length of the oscillation and make the waves more smooth and long, while lowering this value will make the bands more choppy and violentThe Stochastic Length while default at 14, if increased will extend the oscillation and make the band more smooth, whereas lowering the value will increase in the choppiness and make more tight the oscillations. The RSI Length here is specifically tied to the RSI Divergences and show the symbols BD or HBD. Shortening this will increase the number of divergences whereas increasing the value will decrease the number of divergences

Schaff Trend Cycle

Overview

STC is a charting indicator used to help spot buy and sell points in the forex market. Compared to the popular MACD (Moving Average Convergence Divergence) indicator, STC will react faster to changing market conditions. A drawback to STC is that it can stay in overbought or oversold territory for long stretches of time.What is very effective with this indicator is that it very quickly and effectively fires based on the shift in Price Action.Where the other parts of the Trendmaster Harmony Indicator should be taken into consideration when looking at Price Action, The STC by many accounts can act as the “Trigger” if you are specifically looking at the Oscillator.Look specifically at when it switches from being completely pinned at the top or bottom of the indicator and when it reverses. This is an excellent indicator for showing the quick shift in Price Action

Settings

Because the STC is preset at specific calculations we have turned off settings adjustment for this indicator other than visual adjustments to the line itselfThis is because the STC is only calibrated at a specific set of internal settings and any adjustments would fundamentally change how the indicator fires and would therefore be inaccurate.

Chaikin Money Flow

Overview

Chaikin Money Flow (CMF) developed by Marc Chaikin is a volume-weighted average of accumulation and distribution over a specified period. The standard CMF period is 21 days. The principle behind the Chaikin Money Flow is the nearer the closing price is to the high, the more accumulation has taken placeThe Chaikin Money Flow is not visualized on the oscillator as we instead use the TTM to visualise flow It is however shown on th e HUD to give a money flow indication of whether money is flowing into or out of the pair being traded.

Settings

The Length of the CMF can be increased or decreased from the default value of 20. The higher the value the longer it will stay positive (Green) or negative (Red) regarding money flow, and the lower the value the less time it will stay positive or negativeWe recommend not changing from this base figure

Stochastic RSI

Overview

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100.Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.The RSI is not shown on the oscillator but still shown in the HUD to give the user a perspective on Bullish or Bearish sentiment regarding the the RSI Value and if it is trending up or down it will show a Green or Red signal

Settings

The default setting for RSI is 14 and we recommend leaving that alone since the default settings of the RSI only have it show up in the HUD 

Divergences

Overview

The Stochastic RSI (StochRSI) is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data.

Anytime the Stochastic RSI is over 80 as a value it is considered to be Overbought, and anytime the Stochastic RSI is under 20 as a value it is considered to be Oversold.

Overbought doesn't necessarily mean the price will reverse lower, just like oversold doesn't mean the price will reverse higher. Rather the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings.Because the Stochastic uses the Stochastic Oscillator formula as it relates to RSI (Relative Strength Index) it moves more freely than the RSI and the dual bands show crossover points where potential reversals occurThe RSI in the Stochastic RSI Indicator is specifically tied to Divergences. This will directly show when price is Bearish Diverging, Hidden Bearish Diverging, Bullish Diverging, or Hidden Bullish Diverging. 

Bullish Divergence means Price is decreasing but strength is increasing which is a sign that Price may soon reverse to the UpsideBearish Divergence means Price is increasing but strength is increasing which is a sign that Price may soon reverse to the Downside

Settings

Other than the style of the bands as well as the filler background between them, the Stochastic RSI can be adjusted by values as wellThe Default Blue Band is controlled by the K Input and the Default Orange band is controlled by the D Input. The default values for this is 3 and increasing the values will increase the length of the oscillation and make the waves more smooth and long, while lowering this value will make the bands more choppy and violentThe Stochastic Length while default at 14, if increased will extend the oscillation and make the band more smooth, whereas lowering the value will increase in the choppiness and make more tight the oscillations. The RSI Length here is specifically tied to the RSI Divergences and show the symbols BD or HBD. Shortening this will increase the number of divergences whereas increasing the value will decrease the number of divergences

Schaff Trend

Overview

Much like the Trendmaster Clusters, the Trendmaster crossovers show a reversal in the strength of the price action. It is displayed as a “Yellow Diamond” symbol and if it is above the bar chart that means it is a Bearish Crossover and price went from being “Very Overbought” and has reversed with relative strength now decreasing. Conversely, a Bullish Crossover is the “Yellow Diamond '' symbol below the bar chart and shows that price went from being “Very Oversold” and has reversed with relative strength now increasing. These Crossovers are incredibly important especially on the medium and lower time frames as they can show a reversal in price action very quickly.

Bullish Crossover

Bullish Crossover - These signals occur when price strength has gone from being “Extremely Oversold” and has reversed and started increasing. This also shows where price action will potentially reverse and start increasing.

Bearish Crossover

Bearish Crossover - These signals occur when price strength has gone from being “Extremely Overbought” and has reversed and started decreasing. This also whos the where price action will potentially reverse and start decreasing.