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In reference to Blue-Ray's code for the Squeeze, does anyone know the trading "rules" for taking a trend or counter trend trade? What exactly should we be looking for the squeeze indicator to do in order to take a trade? Can it be used as a stand-alone indicator, or is it best used with other indicators, etc.? If others, does anyone have any suggestions for which other indicators work well with it? I have heard good things about the squeeze, but don't exactly know how to use it. Any comments on this subject would be appreciated.
Thanks very much.
-Traderfever |
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Tradefever
Have a quick look
here as this is what they're based off.
It mentions on there that you can use it for divergences, you could also use the signals against support and resistance, you would need to look at the market you trade and see what suits you.
Hope this helps
Blu-Ray