The Bollinger Band Squeeze is a trading strategy designed to find consolidations with decreasing volatility. In its simplest form, this strategy is neutral and the ensuing break can be up or down. Traders, therefore, must employ other aspects of technical analysis to formulate a trading bias to act before the break or confirm the break. Acting before the break will improve the risk-reward ratio.
HI there.... I can't seem to get the squeeze upper bank and squeeze lower band (in default white) to show up?? Is there a bug? Would be great to have this feature as I already have a bunch of shading on my charts, it would be nice to just have the upper/lower bands as it appears you had originally intended. Hope to hear back!
GhosTrader_GT
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Hello I have an idea. Can you show the candle (with a unique color) that crosses above/below both the bollinger bands and keltner channel bands?
Madcaptains
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Thank you for this script. What define a squeeze in this script? Bollinger describes it as band width being at its 6 month low. It seems to be different with your script so Im trying to better understand it.