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Bollinger Band Keltner Channel Squeeze (BBKC Squeeze) 4 *
V2.0 - Automated drawing of Blue rectangle on the chart

You can access the plot value be using BBKCDelta[0] (for the current bar) in your trading strategies...

Message me with questions..
Thanks.

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I wrote this indicator recently to help identify possible consolidation in the market. It detects times when Bollinger Band squeezes within the Keltner Channel (implies consolidation) and plots as a histogram below the chart.

Bollinger Band and Keltner Channel Period may be customized. Default 20
Keltner Channel Offset default is 1.5

I have provided for an additional offset parameter to adjust the Squeeze threshold. This helps lead the beginning of consolidation. Default is 0.5; I usually set it to 1.5. Works for me. More picky about trade signals...

I use it towards confirming my trend based trades.

Please post your questions, comments and/or feedback.


Regards!


Category The Elite Circle 
 
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Details: Bollinger Band Keltner Channel Squeeze (BBKC Squeeze)
Category: The Elite Circle 


May 15th, 2019
Size: 8.42 KB
Comments/ratings
4 * Ratdog May 27th, 2019 01:26 PM
Hello,
Would it be possible to add "rays" or "lines" from the top and bottoms of the boxes extending left or right horizontally until touched / broken? (The "Swing indicator when set to lines could be a good example of this)..
Would it be possible to add multiple colors (preferably four) to the histogram? (Bright green, dark green, bright red dark red) for example?
Would it be possible to add volume profiles to the inside of these boxes?
5 * topdogtony September 27th, 2019 10:15 AM
This is great my first day in simNQ 1 contract 377 tick chart 2 trades made $670 and $760 on the 1 minute --thank you thank you i will provide another update on this later on as I am keeping a record of how this does
5 * saikodi October 4th, 2019 02:48 AM
I cant seem to import this into Ninja Trader 7. Can you please confirm which version this is for?
2 * Zondor March 13th, 2020 02:49 PM
Incompetently coded using unacceptable beginner techniques. Tremendously inefficient.
5 * FuturesBen May 24th, 2020 01:44 PM
tnx for the squeeze filter

 
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