OPEN-SOURCE SCRIPT
Squeeze Indicator
The Squeeze indicator is an interesting theory that says if Bollinger Bands engulf the Keltner Channel, that the market is trending, and if not, that the market is in consolidation.
How to interpret:
When the indicator is positive, the market is trending.
When the indicator is negative, the market is in consolidation.
Recommended setting: 20
Enjoy ;)
How to interpret:
When the indicator is positive, the market is trending.
When the indicator is negative, the market is in consolidation.
Recommended setting: 20
Enjoy ;)
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