What is the Triple Squeeze?
The Triple Squeeze Pro is a uniquely powerful indicator since it allows you to identify areas of highly correlated squeeze setups in the markets at a glance. With the ability to look at 10 individual lines at the same time is a powerful view into what the rest of the ocean (market) is doing as you track and trade your individual wave (stock, EFT, future, etc). When it comes to trading, you most definitely want to move with the flow of the markets rather than against it -- and Squeeze Pro setups across correlated assets make the moves that much more powerful. Knowing what the rest of the market is doing, Sector, ETF, Index, Currencies, etc, are all part of this understanding. When you're looking at a chart, you want to be able to quickly identify if your symbol is moving with or against the over all markets.
How do I read the Triple Squeeze Pro?
There are three types of squeezes represented on each line of the Triple Squeeze Pr: high, , mid and low compression squeezes. The more compression there is, the more potential for explosive moves. Conversely, less compression means less of a potential move but with the combination of these 3 levels you have the ability to see potential squeezes overall.
Looking at the Triple Squeeze Pro can seem daunting. But once you have it configured for your trading plan, it will become key to trading with consistency going forward. Focus on clarity around the configuration. What you want to have in your view are the correlated Indexes, sectors, ETFs and companion stocks that move together on a regular basis.This will quickly allow you to be able to tell when one or more of those correlated assets are setting up for a squeeze (high compression, mid compression OR low compression) and give you a heads up on when it is the right moment is to enter a trade, and like wise when to stay away from the idea since there is no actual strength behind the move.
Gold Dots:
The gold dots identify on the current time frame displayed where the symbol listed on the right is in a high-compression squeeze and potentially setting up for a greater than expected move. A high-compression squeeze is highlighted below in yellow.
Red Dots:
The red dots identify periods on the time frame displayed where the symbol listed on the right is in a medium-compression (otherwise known as the 'original') squeeze and potentially setting up for a greater than expected move. An example of a mid-compression squeeze is highlighted below in red.
Grey Dots:
The grey dots identify periods on the time frame displayed where the symbol listed on the right is in a low-compression squeeze and potentially setting up for a greater than expected move. A low-compression squeeze is highlighted below in grey.
Green Dots:
Area where you see green dots simply mean there is not a squeeze setting up in and you do not have any coiling strength or a potential move.
Symbol Bubbles:
These bubbles will quickly let you know which line belongs to which symbol. The color of the bubble corresponds to the last dot in each line.
How can I trade with the Triple Squeeze Pro Indicator?
When trading with the indicator, as mentioned you want to see alignment with the over all market in order to gain the most movement from a potential pop or drop in price. These moments in time are where you have an opportunity to build a position and take advantage of the near term movement based on the alignment of squeezes across different correlated assets.
Related Links:
About - Squeeze
โhttps://intercom.help/simpler-trading/en/articles/3263889
About - Squeeze Pro
โhttps://intercom.help/simpler-trading/en/articles/318631
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