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Bollinger Squeeze Basic is a histogram indicator of volatility and trend direction.

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

License: GNU General Public License v3.0

MQL4 49.72% MQL5 50.28%
forex chart trend indicator mt4 mt5 mql4 mql5 metatrader metatrader-4 metatrader-5 forex-trading forex-market bollinger-bands keltner-channel momentum

bollinger-squeeze-basic's Introduction

Bollinger Squeeze Basic

Bollinger Squeeze Basic 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.

The presented version of Bollinger Squeeze Basic provides an option for alerts on change of relationship between the Bollinger bands and Keltner channel - a good signal for sideways/trending market. The trend's strength is measured with the standard Momentum indicator.

Bollinger Squeeze Basic indicator helps to spot some trend-based entries on the EUR/USD chart

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

Any contributions to the code are welcome!

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