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2208
radi8
I extended the base RSqueeze indicator with the addition of the TTMS squeeze style. All of the original squeeze styles (Bollinger, PBF, CounterTrend) are still available in the "SqueezeStyle" drop down menu.
Exported using NinjaTrader 7.0.1000.21
Change Log (2-16-2014): RSqueezeV2
Addressed issues / concerns raised by Zondor in his comment.
1. Fixed the existing bug in the histogram plot color when CalculateOnBarClose is set equal to FALSE.
2. Cleaned up the code to improve efficiency.
3. Replaced RGaussianFilter() with anaGaussianFilter() to address a rounding error issue in the PBF and CounterTrend squeeze types.
4. Replaced TTMS squeeze code with call to anaSqueeze().
Change Log 10-20-2015 - Added Sound Alerts for Squeeze Breakouts.
This version 2 requires NinjaTrader 7 or higher. It will not work with Ninja Trader 6.5.
Once imported into NinjaTrader, the New Indicator Name is RSqueezeV2
This is a simple Bollinger Band Squeeze. The Bollinger Band Squeeze compares directional volatility as measured by the standard deviation to non-directional volatility as measured by the average range.
The squeeze is a situation, where Bollinger Bands are inside a Keltner Channel. This indicator does not plot the Bollinger Bands and the Keltner Channels, but plots the distance of the Bollinger Band from the Keltner Channel and displays it as a histogram.
When the histogram has a positive value: This means that the Bollinger Bands are outside the Keltner Channel. Directional volatility is high or normal.
When the histogram has a negative value: This shows low directional volatility, which is called "the squeeze". For better visibility, the squeeze is reinforced with dots. When activated, sound alerts will inform you that the squeeze is on.
A squeeze is a good opportunity to enter a position, as it reflects a temporary period of balancing or indecision. To determine the direction of the expected breakout from the squeeze, other indicators should be used. In his book "Mastering the Trade", John F. Carter suggests a momentum indicator do determine the direction of the trade, but I do not think that this is sufficient to create a profitable system. You will need further indicators.
If you enter a trade during a squeeze, this usually leads to a good reward-to-risk ratio, as you will typically be able to use narrower stops during low volatility periods.
June 24th, 2015 05:50 AM sam8 Thanks I love it. It helped me out today already
May 28th, 2012 09:10 PM caryn23
August 8th, 2011 11:21 PM leon3456 Very usefull indicator, thanks for sharing
March 8th, 2011 08:21 PM jwhtrades I love this indicator. Would like more info on the color variants. I'm using with PPO and find it a great help. Is th
ere any additional info on it's derivation? Great job!
August 30th, 2010 05:21 AM Trendseek Works also with NT7
Nice Indicator - but the mathematics is a little bit tricky to understand!
February 29th, 2016 03:45 PM no3putts Many thanks, again and again and....
December 20th, 2015 09:40 PM romus
August 13th, 2014 10:00 AM tang
February 9th, 2014 06:15 PM bundwidower Fat Tails. You do not know what it means for beginners like me to have something to follow. Sorry I am unable to recipro
September 5th, 2023 12:37 PM Tradarr Thanks! Can you add squeeze plots for Market Analyzer and Chart Alerts?
August 8th, 2023 07:32 PM MTCTrades AWESOME indicator! Keeps me out of chop, clearly signals when to get in - even uncovered a safe way to enter on reversal
s after exhaustion! SO pleased and grateful to you for sharing this excellent work.
May 9th, 2023 02:48 PM racecarjw Thank you for your generosity with sharing your work.