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10-22-2006, 12:06 AM
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BB Squeeze Replica For Tradestation
This is an interesting indicator re-created by other traders on the TS forum. Known as the BB Squeeze Indicator, its concept is based on capturing breakout moves by using the Bollinger Bands and the Keltner Channels.
Whenever the Bollinger Bands fall inside the Keltner Channels the indicator will fire a signal. This signal is represented by a red dot on the lower pane. When the Bollinger Bands breakout of the Keltner Channels the indicator fires a squeeze indicated...
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com ********************** Empowering traders with knowledge. 
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By
torero
on
02-18-2007, 09:52 AM
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Re: BB Squeeze Indicator For Tradestation
Hi FLX, do you have an example? In charts would be very helpful. I followed strictly the rules of that TTM people gave. Adding other things is a whole new subject. Incorporating trendlines along with Squeeze will be challenging to code.
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By
FLX
on
02-25-2007, 06:52 AM
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Re: BB Squeeze Indicator For Tradestation
This is a big subject and something you will have to follow up on due to the vast nature of the trend line, but if you want a good book on the subject look at Tom Demark, The Science of techical Analysis.
If you are not using trendlines you will experience hugh problems determining trendline support and resistence. We have tested all these indicator, but most of the time there late, with a signal to trade so you need a trendline to confirm break out on the 15m and the 60 min. The best example is in choopy market. You must have s/r line and trendlines to confirm breakout. We have wrote our own indicator to avoid this problem. Most of the MACDS are 3 to 5 bars late and the trades are long gone in Most cases. If the macd is turning(not confirmed) you have a trend line break, the trendlline confirmed the move your ready to go what are you going to do wait for the macd that is four bar behind. The biggest mistake a trader can make is not draw fibonacci and trendlines on there chart. Long term and short term DY,WKLY, 240m, 1HR, 15m You dont do what feels good, you do what has to be done! Let the market determine where it will go. I made the mistake last week of determining direction, the direction was correct but it went down 500 dollar before it started to rally. A simple 60 min trendline would have solved the problem. Always look at the 60 and 15 min trendline! Dont get lock into a direction, let the market tell you the rest of the story. Something i learned if the market moves, (days range 700 points) or more (ER2 Dow SP) the next days volitility is very high and expect major swing in the market the next day. This is the reason the market went down 300 more than expected! |
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Last edited by FLX; 02-25-2007 at 10:24 AM.
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By
walterw
on
02-25-2007, 09:47 AM
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Re: BB Squeeze Indicator For Tradestation
[LegacyColorValue = true]; {@@14439@@} {04/05/2006} //Updated by TradingDude, fixed "division by zero error" {02/16/2005} {Updated by Redlock} { Well, I have been working in this indicator. I have made a couple of changes: (1) that if the momentum changes direction, it changes color. (2) I have taken out the plotting of the alertline (3) have the dots plotted along the axis (4) Have changed the name of the indicator to BBSqueeze (cuts down on confusion). I think that you will find that it resembles what is on the TTM indicator.} {------------------------------------------------------------------} {mmillar, 05/12/2005 For anyone interested I made a small change to the indicator(s) above. I found that the indicator displayed fine for ES, YM etc but screwed up for FX - this is due to the number of decimal places used by the symbol. I just added a multiplier so the indicator is normalised across all symbols. Add the following lines... Vars: LHMult(0); if ( barnumber=1 ) then Begin LHMult=pricescale/minmove; end; And modify the following line so that it includes the LHMult variable... Plot3(value2*LHMult, "NickmNxtMove", color); } { Bolinger Band Squeeze (BBS) Indicator } { A variation of an idea by nickm001 (Originally coded by eKam) that when Bollinger Bands (BB) fit inside the Keltner Channel (KC), a breakout is about to occur. It works on longer term charts, such as 15 minute to daily charts. This code creates an indicator that plots the ratio of BB width to KC width. When BB and KC widths are the same, the ratio (BBS_Ind)is equal to one (1). When the BB width is less than the KC Width (i.e. BB fit inside KC), the BBS_Ind is less than one and a breakout is indicated. An Alert Line is provided to indicate the level at which the trader considers that the "sqeeze is on" and a breakout is eminant. Coded by Kahuna 9/10/2003 Added by eKam: 9/10/2003 The average of where price has been relative to the Donchian mid line and Exponential average of the same length is also plotted as an attempt to predict the direction of the breakout. Added 2/1/2005 For decreasing Delta bar....darker colors to highlight the change.} Inputs: {------------------------------------------------} Price(Close), Length(20), { Length for Average True Range (ATR) & Std. Deviation (SD) Calcs } nK(1.5), { Keltner Channel ATRs from Average } nBB(2), { Bollinger Band Std. Devs. from Average } AlertLine( 1 ), { BBS_Index level at which to issue alerts } NormalColor( Red ), { Normal color for BBS_Ind } AlertlColor( Blue ); { Color for BBS_Ind below alert line } Variables: {---------------------------------------------} ATR(0), { Average True Range } SDev(0), { Standard Deviation } BBS_Ind(0), { Bollinger Band Squeeze Indicator } alertTextID(-1), Denom(0), LHMult(0); if ( barnumber=1 ) then Begin If minmove <> 0 then LHMult = pricescale/minmove; end; if barnumber = 1 and alertTextID = -1 then alertTextID = Text_New(date,time,0,"dum my"); {-- Calculate BB Squeeze Indicator ----------------------} ATR = AvgTrueRange(Length); SDev = StandardDev(Price, Length, 1); Denom = (nK*ATR); If Denom <> 0 then BBS_Ind = (nBB * SDev) /Denom; If BBS_Ind < Alertline then SetPlotColor(1, NormalColor) else SetPlotColor(1, AlertlColor); {-- Plot the Index & Alert Line -------------------------} Plot1(0, "BBS_Ind"); {-- Plot delta of price from Donchian mid line ----------} value2 = LinearRegValue(price-((Highest(H, Length)+Lowest(L, Length))/2 + xAverage(c,Length))/2,Length,0); var:color(0); color = yellow; if value2 > 0 then if value2 > value2[1] then color = green else color = darkgreen; if value2 < 0 then if value2 < value2[1] then color = red else color = darkred; Plot3(value2*LHMult, "NickmNxtMove", color); {plot3(value2,"BB Squeeze",color);} {-- Issue Alert when the Squeeze is On ------------------} if BBS_Ind crosses below AlertLine and Text_GetTime(alertTextID) <> time then begin text_setLocation(alertTex tID, date, time, 0); Alert("Check for Squeeze Setups on " + SymbolName); end; {-- Issue Alert when the Squeeze Releases ---------------} if BBS_Ind crosses above AlertLine and Text_GetTime(alertTextID) <> time then begin text_setLocation(alertTex tID, date, time, 0); Alert("Squeeze is Over on " + SymbolName); end; if BBS_Ind crosses below AlertLine then SetPlotColor(1, Green); |
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By
FLX
on
02-25-2007, 10:42 AM
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Re: BB Squeeze and back up when all else fails!
https://www.tradestation.com/Discuss...txtExactMatch=
I dont have time to post this link or indicator on your site but this will help you out a lot, save the time and energy and use this indicator. Choas A/o I tested this and it work a lot better, use it the same way but has alot better signal. Test it out and let me know if it works better than the bb. I use it in 5m and 10 min chart and 471TK put up and run with it. Thanks Mike |
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By
FLX
on
02-25-2007, 12:12 PM
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Re: BB Squeeze/EM Dow 4 trades!
Place a momentum indicator over top, the Choas A/O, when it break below.. above the zero line on the Mom ZERO line look to enter off the 5 min Chart. You want the Choas to change Green first or red and moving up/dwn in that direction of the trade at the same time . You can place an order out side the range of the last 5 bar to enter! You had 5 trades on the Em dow on friday! Tell me what you see! Alert Do not trade at 11am thur 13:00 Bad time for indicators......Unless you like Spanked ! Press FLX at the left for a picture image.
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Last edited by FLX; 02-25-2007 at 01:19 PM.
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By
dovetree
on
02-26-2007, 06:58 PM
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Re: BB Squeeze Indicator For Tradestation
Hi Walter, The code will not verify in 2000i. I think some of the functions are not quite the same, for example it doesn't seem to recognise what the line
"SDev = StandardDev(Price, Length, 1);" is. either the term Satandarddev or the ( variables in the brackets) Will investigate further but if you have any suggestions I would be grateful. Thanks |
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By
walterw
on
02-26-2007, 09:57 PM
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Re: BB Squeeze Indicator For Tradestation
ok dovee, you have to create a function with the exact name : Standarddev then paste this: { Standard Deviation of Population or Sample } inputs: Price( numericseries ), Length( numericsimple ), DataType( numericsimple ) ; { pass in 1 if you are working with the entire population, and 2 if you are working with a sample and want the SD for the population } Value1 = VariancePS( Price, Length, DataType ) ; if Value1 > 0 then StandardDev = SquareRoot( Value1 ) else StandardDev = 0 ; { ** Copyright (c) 1991-2003 TradeStation Technologies, Inc. All rights reserved. ** ** TradeStation reserves the right to modify or overwrite this analysis technique with each release. ** } then verify function.... after that go open and an verify again _bbsqueeze indicator... try it if again error tel me maybe need more functions. cheers Walter |
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