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Setup the TTM Squeeze Watchlist in Thinkorswim - Thinkorswim Tutorial - YouTube
Channel: Riley Coleman
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So what is the fastest way to scan for
squeezes in a watch list of stocks in
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this video I'm gonna show you how to set
up a watch list so it can quickly scan
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for multiple time frame squeezes without
you having to look at any stock chart
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hey how's it going on this channel you
will learn the steps it takes to make a
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full time income trading in the stock
market so if you're new here consider
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subscribing and today we're talking
about scanning for squeezes in a watch
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list so to show you quickly how this
works and what we're trying to do is
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main idea is you have a watch list of
stocks that you regularly like to look
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at and trade and so that is this watch
list right here for me and so what we
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can do is we can customize this watch
list and I have added these two columns
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here already and what these show is if
that stock is in a squeeze or not in
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that certain timeframe and so what I'll
do here is I'll detach this so we can
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look at it a little bit bigger and these
two columns here you can see that I've
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labeled them as this column is means if
it's in a 30 minute squeeze or not and
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then this is the column for two hour
squeeze and so what these show is 13 a
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red 13 means the stock is currently in a
squeeze and it's been in a squeeze for a
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few bars so just to show you what that
looks like is if I click on this this is
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linked to my chart and so this is
currently that tea TMI and we're on a
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30-minute so this is showing that it has
been in a squeeze it doesn't mean that
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it's been in a squeeze for 13 bars it
just means it is currently in a squeeze
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and so this is what you're wanting to be
looking for is certainly the red ones
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okay you want to look for okay this
one's in a squeeze - does it look like a
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squeeze I want to buy it and then you
also have down here you'll see a 12 and
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11 and that just means that it has been
in a squeeze for two
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so the 13 means three or greater a 12
means exactly two and then you will also
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see an 11 I don't think there's any
30-minute squeezes that show 11 but on
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the right here you will see a 2-hour one
and that means that it is in a squeeze
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for just the one bar so far and so those
are definitely ones you want to be
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paying attention for too because those
are in the initial squeeze and then you
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have this green as well and this means
that the squeeze has fired so for this
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stock because it says 1 it has just
fired the squeeze and so you can see
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that right here there's one green dot
for this guy right here it is six bars
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into the squeeze and so that'll show you
that the squeeze is already fired and
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maybe if it's one bar into the squeeze
maybe you can still get in but if it's
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generally six bars and in this squeeze
it's definitely a little late to capture
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the move and so the ones that are black
those are just kind of not in a squeeze
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at all and there's nothing developing
there so those ones you can just kind of
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not pay attention to they do have a
number if you click on them but that's
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just a default number that has to go in
there or this to work now to show you
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how to set this up you're gonna want to
go into customize so there's a few ways
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to do that you can just right click
anywhere on the columns or this little
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gear over here and click customize now
it'll bring this up and what you want to
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do is you want to type in custom and
that'll bring up there's a few custom
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presets that you can already put in and
so you want to just click double click
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on one of those and it will bring up
this whole another page to customize and
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create your own personal formula for
this and so what we want to do is we
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actually want to click on the think
script editor here and then just copy
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and paste in the code that I will put in
the description now this is just about
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all you need to do the only other things
is you definitely want to name it so for
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here let's just make this a daily
squeeze
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and so this will track and tell us if
it's in a daily squeeze or not and then
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to make sure that you want to make sure
that it's using the right time so here
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you can see that you can put a ton of
different time frame squeezes you can do
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monthly so you can do 10 minutes you can
do a few hour squeezes but here we want
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to make sure it's on day and then we can
just hit OK and we can see that right
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here it says daily squeeze and so we
will click OK to add that and you can
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see right here that it'll start
populating and showing us which one of
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these are in a squeeze or if they are
not in a squeeze as always you
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definitely want to make sure that these
are linked so this one right here is
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linked with the chart right here so if I
want to check to see make sure this
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daily squeeze 1 works I can change this
to a daily timeframe let's say this one
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says it's in 1 bar or the first bar but
squeeze so if we click on that you can
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see that on a daily chart it is just
entering that squeeze so this would be
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maybe a stock that we would want to look
out for and keep track of to trade now
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those custom ones will always be saved
so if you want to make different watch
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lists you can always just go in here and
quickly customize and then add those so
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you can then just search your squeeze
and you can see that there are those
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ones that I've already made in here so
you can quickly add those without having
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to change them now if you accidentally
want to mess up or something the only
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way to really go in and edit these is
actually right-click on the exact column
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and click Edit formula and then this is
how you get in to be able to make you
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know change the name change the
aggregation period another thing is if
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you want to if you're doing futures you
probably want to include extended hours
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but if you're trading just stocks you
definitely do not want to include
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extended trading hours in your scanning
for squeezes because they don't really
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trade after hours and that'll kind of
mess up the formula of finding really
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when it squeezes happening now that's
pretty much it for setting this up it's
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really super handy when you're wanting
to do these one thing that I will say is
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finding ones
in multiple squeezes can be really
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helpful so for instance this stock right
here it's showing that it's in a daily
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squeeze but it's also showing that it's
in a two-hour squeeze and so having
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multiple squeezes at the same time on
different time frames can lead to a more
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powerful cascading effect so for this
one right here you see that the through
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30-minute squeeze is fired but the
two-hour squeeze hasn't fired and that
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the daily squeeze hasn't fired either so
this will maybe this is maybe already
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started you can see that on a daily
chart it's up a decent amount today so
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maybe the 30-minute squeeze has started
and the two our screws will be next and
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then the daily squeeze will take it all
the way up here so that's one thing to
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look out for in your squeezes is trying
to look for these stocks that are read
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across the board on all of these and
that'll lead you to a strong trade so
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another example would be this one
all of these are red and so this could
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be setting up for a stronger than normal
squeeze hey thanks for trying on this
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video if you want to learn more about
the squeeze or just trading in general
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make sure to subscribe to the channel
and if you have any burning questions on
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how to set this up or you run into any
issues feel free to ask any questions in
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the comments below
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