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![]() ![]() ![]() Gray Background for Dark Mode - to make them more visually appealing.Īdded ADX (Average Directional Index) that measure a trend’s strength. Keltner Channel Calculation Type - Selects the type of moving average used to create the Keltner Channel.Ĭolor Format - you to choose one of 5 different color schemes.ĭraw Divergence - Self explanatory here, this will auto-draw divergence on the indicator. īollinger Bands Calculation Type - Selects the type of moving average used to create the Bollinger Bands. Length - This is the length of time used to calculate the Bollinger Bands and Keltner Channels. Squeeze Input - This is just the source for the Squeeze to use, default value is closing price. The orange dot Squeeze is the original from the first Squeeze indicator.Īnd finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression. The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings. The original squeeze indicator had only one Squeeze setting, though this new one has three. In this version, I've given the freedom to change this and try out different types of moving averages. Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC. This is interpreted as price is compressing and building up energy before releasing it and making a big move. What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). The "Momentum" in this indicator is smoothed out using linear regression. ![]()
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