UCS Squeeze Bar

27 בינו׳ 2015

This indicator is a request from tvmember jackvmk. Credits to jackvmk.

Squeeze bar = a bar which encompasses 5, 10, 15, 20, 30, 40 SMA
Squeeze bars high and lows are support and resistance. when price break one of them, this direction is direction of explosion.

I have added a further more customization
1. Using EMA instead of SMA
2. Using Heikin Ashi Optimization
3. Using Realbody (ignore wicks)
4. Plot the MA Ribbon