some explanation by MLADEN
1 : Trend similar like the corridor way
2 : Start and possible end of a trend - the dots
3 : Entry and exit or reentry points - dots again , depending on the assessment if the trend will change or not
4 : Possible early warning of possible trend change - opposite color dots on a squeezed value
5 : confirmation of a trend change - after the opposite dot appears on a squeezed value - when it appears on a trending part
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Some explanations about Squeeze Indicators
MLADEN : It works (depending on ATR mode parameter) by comparing ATR or MAs thresh hold pips then there is a "squeeze" (squize) ,the assumption is that the two Averages are going to get closer when the trend slows down,which is not a bad assumption as long as you have one fast and one slow average,if you get the average close to each other (periods) than that assumption is false,so one should always make sure that there is some significant difference in the averages periods in order to have that indicator work as expected.
Squeezed T3 of ma
With usual prices and usual basic 4 averaging methods