Bollinger Squeeze Basic MT5 - MetaTrader 5 Script - MetaTrader 5 Resources
This indicator uses momentum to measure the strength and direction of a trend:
Additionally, Bollinger Squeeze Basic offers an interesting feature volatility Measurements are built into the main histogram. The range is blue and red The square on the zero line represents the current relationship between Bollinger Bands and Keltner Bands:
The main idea behind this indicator is to establish trading ranges ( blue ones) during non-trending phases of the market square) into the breakout and switch to red Square (trend phase). The histogram will show the strength of the current trend and tell you when to exit a trade if the trend weakens.
Attachment download
📎 bollinger_squeeze_basic.mq5 (6.43 KB)
Source: MQL5 #55361
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