Registered User
Joined: 9/18/2008
Posts: 65
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Is there anything written for Stockfinder 4.0 on the BBSqueeze Indicator
its concept is based on capturing breakout moves by using the Bollinger Bands outside the Keltner Channels.
Whenever the Bollinger Bands fall inside the Keltner Channels the indicator will fire a signal. This signal is represented by a red dot on the lower pane.
When the Bollinger Bands breakout of the Keltner Channels the indicator fires a squeeze indicated by a green dot on the lower pane.
Interpretation:
The trading signal is taken when the green dot appears after the red dot in the direction of momentum.
Momentum is plotted as a histogram. If the momentum is blue (up) on a squeeze, this is a long signal. If the momentum is red (down) on a squeeze, this is a short signal.
See the link below for what the chart/indicator should look like:
http://www.mrswing.com/stockcharts/dev/index.php?content=bb_squeeze
Thanks
EvanM
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You may want to take a look at the TTM Squeeze indicator and What do you get when you cross a Keltner Channel and Bollinger Bands? topics to see if they do what you want.
-Bruce
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