alexm wrote: Thu Mar 13, 2025 5:51 am mtf would be enough.. thank you.

Banzai wrote: Sun Apr 28, 2024 4:02 am Bollinger Bands Squeeze

coder: mladen
date: October 5, 2018


Theory:

According to idea, Bollinger bands squeeze detect the periods of "no entry" zones by using the Bollinger bands and Keltner combined. When the Bollinger bands are within Keltner channel, then the "squeeze" is happening and then one should not enter a new position.The idea behind this is that the deviation from a moving average is smaller than the average true range in the times when the markets turn flat, and is usually happening at the times when imminent changes in the market.

This version:

There are few versions of the BB squeeze indicator, but they are combined with some other indicators (not related to either Bollinger bands or Ketner channel). This version uses only the original indicators and is, unlike some oscillators, showing its state on the main chart.

Usage:

When there is a "squeeze" going on, the indicator fills the bands zone with gray color. That means that you should not enter a new order in that time. When the zone is clear, it shows the relative position of close price compared to the middle value of Bollinger bands and also shows bands breakouts of the close price.


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Download:

Bollinger bands squeeze.mq5

Banzai wrote: Sun Nov 30, 2025 4:01 am BOLLINGER BANDS
(on/off button)

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1) SMA(20)
SMA20.png

The middle line of the Bollinger Bands is just SMA(20). Green color is for a short-term uptrend.
If a complete candle is above the SMA(20), go LONG/BUY.
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2) THE BIG GAP
Big_Gap.png

If there's a big gap between the candles and the SMA(20), that's an indication of a strong trend.
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3) BAND CLOUD
Uptrend_Cloud.png

In an uptrend, candles are hugging the upper green bands.
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4) THE SQUEEZE
Squeeze.png

In a consolidation, we can clearly see the squeeze.
The trend can breakout to the upside or downside.
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DOWNLOAD

BB BT.ex5

BB BT.mq5

BB.ex5

BB.mq5

mrtools wrote: Wed Aug 17, 2022 6:04 am From Mladen Rakic:

Williams %R, WPR, or just %R, is a technical analysis oscillator showing the current closing price in relation to the high and low of the past N days (for a given N). It was developed by a publisher and promoter of trading materials, Larry Williams. Its purpose is to tell whether a stock or commodity market is trading near the high or the low, or somewhere in between, of its recent trading range.

The oscillator is on a negative scale, from −100 (lowest) up to 0 (highest), obverse of the more common 0 to 100 scale found in many Technical Analysis oscillators. A value of −100 means the close today was the lowest low of the past N days, and 0 means today's close was the highest high of the past N days. (Although sometimes the %R is adjusted by adding 100.)

This version of Williams Percent Range has an addition of Bollinger bands to help identify possible overbought and oversold levels breaks.