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 EMA.ex4
- (8.51 KiB) Downloaded 456 times
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.