TTP Leverage Squeeze is a new indicator that looks up for opportunities for long and short squeezes caused by over leveraged traders in the market.
I use it in a TradingView 4H chart using the BINANCE:BTCUSDT symbol.
Below you can see the latest signals it’s been triggering pretty much always at great reversal areas with huge room for profits. The last 2 sell where some of the biggest dumps and the last 2 buy signals both move over 55% to the upside.
The drawdown can be significant so that’s something to consider. I wouldn’t use very tight stop loss since it seems that most signals trigger when the squeeze is about to happen and not precisely when it starts.
In the settings you can change the source of the shorts and longs. By default is ready for using with BTC, but you could change it to ETHUSDSHORTS, ETHUSDLONGS and load the ETHUSDT chart and quickly look for squeeze opportunities on Ethereum.
The indicator comes with alerts and it’s backtestable.
All Observers and higher tiers should already have access to the indicator.
Enjoy!
