Squeeze RA V1 - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources

My version of the squeeze indicator for MetaTrader 4. This indicator is based on the strategy mentioned in John Carter's book Mastering Trading. It is also a completely improvised version of Des O'Regan's Squeeze_Break indicator.

The main improvements include plotting the squeeze value on the zero line (some BB/KC calculation changes) and then smoothing the momentum value into an up/down positive/negative histogram to match the histograms sold on commercial websites. It's easy on the eyes. Smoothing the histogram using some linear regression code from Victor Nicolaev aka Vinin's V_LRMA.mq4.

This version does not have any alert functionality and no inputs that can be changed. The reason is - this is V1 and usually no one changes the BB and KC values.

Within the D1 timeframe below:

Attachment download

📎 squeeze_ra.mq4 (8.4 KB)

Source: MQL5 #13938