Bollinger Squeeze Advanced MT4 - MetaTrader 4 script

Bollinger Bands Squeeze Advanced MetaTrader Indicator — is a complex indicator consisting of two parts:

The indicator is plotted in the form of a histogram in a separate window of the chart and conveys additional information through the color and width of its bars. It supports multiple time frame (MTF) operations and all types of alerts. This indicator is available for MT4 and MT5 versions of the trading platform.

Bollinger Bands Squeeze Premium is A less squeezed indicator system.

This indicator uses one of eight oscillators to measure the strength and direction of a trend and displays it as a histogram:

Additionally, Bollinger Squeeze Advanced offers volatility Measurements are built into the main histogram. When the Bollinger Bands squeeze indicates that the market is sideways (the Bollinger Bands are within the Keltner Channel), the histogram will become rich blue Those ones.

The main idea behind this indicator is to establish trading ranges ( blue ones) during non-trending phases of the market Histogram bar) enters the breakout and switches to the normal bar. The histogram will help you understand the strength of the current trend and tell you when to exit a trade if the trend weakens.

Attachment download

📎 bollinger_squeeze_advanced.mq4 (13.04 KB)

Source: MQL5 #55358