The Elite Circle - Bollinger Band Keltner Channel Squeeze (BBKC Squeeze)
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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!


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Details: Bollinger Band Keltner Channel Squeeze (BBKC Squeeze)
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May 15th, 2019
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