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Bollinger Band Tight Squeeze Rate this Topic:
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fpaton
Posted : Tuesday, December 10, 2013 5:06:44 PM
Registered User
Joined: 11/9/2004
Posts: 5

Using momentum indicators like RSI, momentum, and rate of price change to help identify early moving up stocks.  What I'm missing is a way to see a Tight Squeeze on the Bollinger Band or good consolidation prior to the moving up smart taking place.  Is there a condition or formula that will allow me to identify the Bollinger Band Squeeze? Thanks...

Bruce_L
Posted : Wednesday, December 11, 2013 11:54:34 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Probably the easiest way to do this is to add a Bollinger Bandwidth indicator to the chart with the same settings as your Bollinger Band indicator.

Adding and Moving Indicators

You can then click on the Bollinger Bandwidth and select Create Scan Condition to check for Bollinger Bandwidth to be below some arbitrary value.

Create Conditions from Your Chart

A popular request from other customers for this is to have Simple Bollinger Bandwidth 20, 2.00 below 0.06, but they may or may not be the best settings for you.



-Bruce
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