Trader-Elisa

BB and Keltner Squeeze

Strategy using the Bollinger band with the Keltner Channels . Watch for the Bollinger bands (blue/red lines) squeezing inside the Keltner Channels (pink dots) for a breakout - this could be up or down so use in conjunction with other indicators.

The blue band is the 2 standard deviation from price, the red is 3 standard deviations. With these, typically if the price bounces off the red then it will retrace a little, (although if there is a massive breakout/down this may not hold). When the bands narrow this is an indicator of consolidation, therefore with a likely upcoming breakup or down.

The pink dots are the Keltner Channels . The strategy says if the bollinger bands come inside the Keltner Channels then this is a strong indicator that the breakout is coming. Sometimes the length of time the squeeze occurs for is indicative of the length/strength of the breakout.

These indicators can be used on all timeframes but higher timeframes will be stronger and more reliable of a trend change.

Versionshinweise: New version - minor change to an incorrect title. No change to function of script.


Strategy using the Bollinger band with the Keltner Channels . Watch for the Bollinger bands (blue/red lines) squeezing inside the Keltner Channels (pink dots) for a breakout - this could be up or down so use in conjunction with other indicators.

The blue band is the 2 standard deviation from price, the red is 3 standard deviations. With these, typically if the price bounces off the red then it will retrace a little, (although if there is a massive breakout/down this may not hold). When the bands narrow this is an indicator of consolidation, therefore with a likely upcoming breakup or down.

The pink dots are the Keltner Channels . The strategy says if the bollinger bands come inside the Keltner Channels then this is a strong indicator that the breakout is coming. Sometimes the length of time the squeeze occurs for is indicative of the length/strength of the breakout.

These indicators can be used on all timeframes but higher timeframes will be stronger and more reliable of a trend change.
Versionshinweise: Just cleaning up the chart so it can be seen better!
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

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Kommentare

What do you recommend for alert conditions for long entry and exit?
+1 Antworten
Trader-Elisa bsinclair2076
@bsinclair2076, hitting 3 standard deviations on the bands is a good signal for short term long or short if you’re quick off the mark. The squeeze is tougher as it indicates breakout is coming but not when or which direction...so I use in conjunction with other indicators like previous S/R, overbought/sold RSI, waves or EMA crosses.
+1 Antworten
nice script
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Hi Elisa

Is this script could be used for screening/ explorer to find a bunch another squeeze stock ?
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Excited to try this indicator. Thanks for sharing it!
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thanks mate :)
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