Aimed to convert the following:
https://www.tradingview.com/script/Et6Y ... Index-LUX/
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Description
"The Squeeze Index aims to measure the action of price being squeezed, and is expressed as a percentage, with higher values suggesting prices are subject to a higher degree of compression.
Settings
Convergence Factor: Convergence factor of exponential envelopes .
Length: Period of the indicator.
Src: Source input of the indicator.
Usage
Prices being squeezed refer to the action of price being compressed within a tightening area. Prices in a tight area logically indicate a period of stationarity, price breaking out of this area will generally indicate the trader whether to buy or sell depending on the breakout direction."
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And it looks like all is fine:
It works with both fixed level and Anchored DSL, but there seems to be an issue with the non-anchored DSL that I cannot seem to resolve. Anybody has a clue where I might need to look. I added non-anchored DSL to a number of indies. but this one seems to elude me.
