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Bollinger Squeeze Advanced is a histogram indicator of market volatility, trend's direction and strength.

Home Page: https://www.earnforex.com/metatrader-indicators/Bollinger-Squeeze-Advanced/

License: GNU General Public License v3.0

MQL4 45.71% MQL5 54.29%
chart indicator histogram metatrader metatrader-4 metatrader-5 mt4 mt5 mql4 mql5 forex forex-trading forex-market trend bollinger-bands keltner-channel oscillator

bollinger-squeeze-advanced's Introduction

Bollinger Squeeze Advanced

Bollinger Squeeze Advanced is a custom histogram indicator for MT4 and MT5 coded by EarnForex.com. The original version of this indicator was coded by Nick Bilak for MetaTrader 4. The indicator shows the current trend's strength and direction. Unlike Bollinger Squeeze Basic, this indicator can use one of the eight oscillators as the trend measuring indicator.

The presented version of Bollinger Squeeze Advanced provides two alert types: on change of the relationship between the Bollinger bands and Keltner channel - a signal for sideways/trending market; and on cross of the zero line by the histogram - a signal for trend direction change.

Bollinger Squeeze Advanced indicator shows some potentially good trend-based entries on the hourly EUR/USD chart

More information about this custom MetaTrader indicator is available here: https://www.earnforex.com/metatrader-indicators/Bollinger-Squeeze-Advanced/

Any contributions to the code are welcome!

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