Squeeze_RA_V1 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Ravish Anandaram
This indicator is based on the strategy described in the book Mastering Trading by John Carter. This is a completely revised version of the Squeeze_Break indicator, written by Des O'Regan.
The main improvements include plotting compression values on the zero line (some changes in BB/KC calculations) and then smoothing the momentum values in the form of rising/falling positive/negative histograms. Therefore, the result is a visually acceptable simple image. Part of Viktor Nikolaev's linear regression code (V_LRMA.mq4 by Vinin) is used to smooth the histogram.
The indicator was originally written in MQL4 and first published in the code base on December 23, 2015.
Figure 1. Squeeze_RA_V1 indicator
Attachment download
📎 squeeze_ra_v1.mq5 (15.96 KB)
Source: MQL5 #14529
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