Bollinger Squeeze Advanced

Category: volatility, momentum, trend

A squeeze indicator that measures market volatility via Bollinger and Keltner band compression, with an integrated momentum oscillator to determine trend direction during breakouts.

Formula

SqueezeRatio = (2.0 * StdDev(BB\_Period)) / (1.5 * ATR(KeltnerPeriod)) \\\\ Squeeze = SqueezeRatio < 1.0 \\\\ Momentum = SelectedOscillator(normalized) \\\\ Signal: Blue Histogram = Squeeze (Consolidation), Green/Red Histogram = Momentum Breakout (Trending)

Inputs

• InpTimeframe (default: PERIOD_CURRENT)
• TriggerType (default: DeMarker)
• AlertOnSidewaysTrending (default: false)
• AlertAboveLevel (default: 0.0)

See signal primitives and every published strategy that uses Bollinger Squeeze Advanced on WOBR StrategyVerse.