Bollinger bands - squeeze - indicator for MetaTrader 5

Bollinger bands - squeeze - indicator for MetaTrader 5

Theory :

The "squeeze" method (indicator doing that was posted here : Squeeze )is usually (due to the nature of calculation - since it uses standard deviations as a part of calculation) associated with Bollinger bands indicator. This indicator is doing that : combining the Bollinger bands and the "squeeze" into one indicator

Usage :

Check if the middle Bollinger bands value has a color or not. If it does not have a color (it is gay), according to theory the market is consolidating and you can expect a break in either direction. Use the Bollinger bands itself for estimation of the possible direction and then use the color change as signal. The color of the middle line is not based on middle line slope, but on the median price position related to that value

The ATR and deviation bands multipliers used as default are the ones that are usually used for that. Some experimenting with those parameters is advised before you use the indicator for trading decisions

Download Bollinger bands - squeeze - indicator for MetaTrader 5

Related News

Latest News
U.S. Supreme Court to mull time limits on military rape claims
15.11.2019 20:18
By Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to consider whether military personnel can be prosecuted for rape long after the crime occurred in an appeal by President Donald Trump's administration of a lower court ruling that overturned the rape conviction of an Air Force captain. The justices will hear the
Read more
Trump asks Supreme Court to block disclosure of financial records to Congress
15.11.2019 20:15
WASHINGTON (Reuters) - President Donald Trump on Friday asked the U.S. Supreme Court to block a ruling that would require an accounting firm to hand over his financial records to a Democratic-led U.S. House of Representatives committee, one of his lawyers said. Trump turned to the high court after the U.S. Court of Appeals for the District of
Read more
California, other U.S. states sue to block EPA from revoking state emissions authority
15.11.2019 20:12
By David Shepardson WASHINGTON (Reuters) - California and 22 other U.S. states filed suit on Friday to challenge the Trump administration's decision to revoke California's authority to set stiff vehicle tailpipe emissions rules and require a rising number of zero emission vehicles (ZEV). The lawsuit, filed in the U.S. Court of Appeals
Read more
U.S. Supreme Court to hear Google bid to end Oracle copyright suit
15.11.2019 20:09
By Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to hear Google's bid to escape Oracle (NYSE:ORCL) Corp's multi-billion dollar lawsuit accusing Google of infringing software copyrights to build the Android operating system that runs most of the world's smartphones. Google has appealed a lower court
Read more
Alphabet features self-driving garbage cans, apartment noise monitors in Toronto smart city project
15.11.2019 20:06
By Moira Warburton TORONTO (Reuters) - Alphabet's (O:GOOGL) Sidewalk Labs has provided more details on the technology it intends to use to develop a futuristic smart city in Toronto, which includes self-driving garbage cans and infra-red sensors to track foot traffic in stores, a document released by the company on Friday said. Sidewalk,
Read more