OPEN-SOURCE SCRIPT

IV Squeeze - Sunil Bhave

4877
This script calculates both Bollinger Bands and Keltner Channels on a 5-minute chart. It identifies IV squeeze conditions when the lower Bollinger Band is above the lower Keltner Channel and the upper Bollinger Band is below the upper Keltner Channel. When a squeeze is detected, it plots a red triangle below the chart bars and alerts you with a message.

Please note that this script is for educational purposes only.

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