dear sir or madam 

  i need help with the formula for bollinger band squeeze where by the price is with in 6% of the middle bollinger band your  assistance will be highly appreciated. and also can you send me instuctions how to enter the formula.

Thank You 

Rajinder Kumar

Price being within 6% of the of the middle line of Simple Bollinger Bands is the same as price being within 6% of a Simple Moving Average of the same period as the Bollinger Bands. So price being within 6% of 20-Period Bollinger Bands could be identified using the following Condition Formula:

ABS(C / AVGC20 - 1) <= .06

That said, other traders wanting to identify a Bollinger Band Squeeze have asked for Bollinger Bandwidth to be less than .06 (or for the width of the Bollinger Bands to be less than 6% of the centerline).

In TC2000 version 12, you could add Bollinger Bandwidth to the Charts and click on the BB to select Create Scan Condition | Less Than: .06 to create this type of Bollinger Band Squeeze Condition.