Bollinger-Squeeze-Basic | Forex indicator download - MT4/MT5 resources

Bollinger-Squeeze-Basic Bollinger Squeeze Basic is a histogram indicator for volatility and trend direction. > Bollinger Squeeze Basic is a histogram indicator of volatility and trend direction. ### Project information - Programming language: MQL5 - Star: 7 - Fork: 2 - License: Apache License 2.0 - Update time: 2025-08-08T12:21:39Z ### Detailed introduction# Bollinger Squeeze Basic is a custom histogram indicator for MT4 and MT5 written by EarnForex.com. The original version of this indicator was written for MetaTrader 4 by Nick Bilak. This indicator shows the strength and direction of the current trend. The provided basic version of Bollinger Bands Squeeze provides an alert option on changes in the relationship between Bollinger Bands and Keltner Channel - a good signal for sideways/trending markets. The strength of a trend is measured using the standard momentum indicator. More information about this custom MetaTrader indicator can be found here: Any contributions to the code are welcome! ### File download - Bollinger Squeeze Basic.mq4 - Bollinger Squeeze Basic.mq5 ### Source codeView GitHub repository