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danarm
1 nov 2020 12:42

Bollinger Bands Width with Squeeze Alert 

Bitcoin / U.S. dollarBitstamp

Descrizione

This is the standard Bollinger Bands Width (BBW) indicator with the added capability of detecting the "Bollinger Bands Squeeze" as defined by John Bollinger:

The BBW squeeze happens when BBW < all BBWs of the past 125 intervals.

Whenever a BBW squeeze occurs, this means there is low volatility.

A low volatility period is almost always followed by high volatility: a large breakout (with price performing ample movement and exiting the BBW bands) may suddenly occur.

The breakout may be preceded by a fakeout, during which price moves in the opposite direction.
Commenti
dadoholic
Nice. Does anyone know if there`s a way to run a scan for TTM squeeze ?
kiero
@dadoholic, please tell me if you find a way to find squeezes.
TradeWithCash
@dadoholic, Convert the squeeze part of his code to Thinkscript and run the scan on ThinkOrSwim, I have done it already. it works.
kiero
Hello! Thank you for the indicator. Could youmake it multiple? Like 4 different lengths for MA with an ability to show/hide them?
Thank you. @danarm
jah_skido
nice!
roudox
nice
k5522
Good ONE!
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