TTM Squeeze is a volatility and momentum indicator introduced, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. The TTM Squeeze indicator also uses a momentum oscillator to show the expected direction of the move when the squeeze fires. The histogram in Figure 3 oscillates around the zero line; increasing momentum above the zero line indicates an opportunity to purchase long, while momentum falling below the zero line can indicate a shorting opportunity.