OPEN-SOURCE SCRIPT
Squeeze Indicator
The Squeeze indicator is an interesting theory that says if Bollinger Bands engulf the Keltner Channel, that the market is trending, and if not, that the market is in consolidation.
How to interpret:
When the indicator is positive, the market is trending.
When the indicator is negative, the market is in consolidation.
Recommended setting: 20
Enjoy ;)
How to interpret:
When the indicator is positive, the market is trending.
When the indicator is negative, the market is in consolidation.
Recommended setting: 20
Enjoy ;)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.