DBT Squeeze

To use this indicator first determine a time frame that does not give a large amount of signals (it was designed to work best on the 5min but has been tested and works great on all time frames above 5min). Once a time frame is determined then look for Bollinger Band squeezes signified by yellow shading. Once the squeeze is determined wait for a purple or blue buy candle to signal (purple are stronger signals). Once a buy candle has signaled evaluate price action, if bullish and supported by other indicators then either take an aggressive entry on the buy candle or wait for a pullback no greater than 50% of the buy candle. Once your position has been established place a stop loss at 1% or below the 200ema and VWAP if possible, no greater than 3% is recommended. Target a 3% gain or wait for the Yellow Sell Candle to close most or all of your position.
Do not take buy candles in extremely bearish markets. Purple Buy Candles are much stronger than blue because they are above the 200ema signifying a bullish trend. Do not take every buy candle if market is choppy and giving a lot of signals. Pair this indicator with a Commodity Channel Index (50) for the best signals. When the CCI is stable and not choppy the buy candles will be much more accurate. Do not take buy candles if the CCI is very choppy.
Use at your own risk. This is not financial advise and this indicator is not guaranteed to make you profits. Please message me if you have any questions or feedback. Enjoy.
DO NOT ASK FOR ACCESS. THIS INDICATOR WILL BE AVAILABLE ON MY WEBSITE ONCE IT RELEASES.
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact DejaBrew directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.