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Old 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...

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  #18 (permalink)  
By dovetree on 02-26-2007, 11:04 PM
Re: BB Squeeze Indicator For Tradestation

Hi Walter, thanks for that. I did just manage to get the other one working by simply removing the "1) in the line. It now works well.


The Change in colour form red to blue is the squeeze Ind alert, is that correct?

Thanks again
Last edited by dovetree; 02-26-2007 at 11:19 PM.
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  #19 (permalink)  
By walterw on 02-28-2007, 02:49 PM
Re: BB Squeeze Indicator For Tradestation

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Hi Walter, thanks for that. I did just manage to get the other one working by simply removing the "1) in the line. It now works well.


The Change in colour form red to blue is the squeeze Ind alert, is that correct?

Thanks again
yes dove, the centerline changes color as the bb gets inside or outside keltner, showing market phases... dont take this indicator alone, wont be effective just by itself... its a good indicator to understand market climate (just that)... cheers Walter.
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  #20 (permalink)  
By dovetree on 03-02-2007, 08:35 PM
Re: BB Squeeze Indicator For Tradestation

Hi Walter, As I said I'm relatively new to tradestation, so soory for these question but I'm just trying get a handle on what the coding does for this bb Squeeze ind.
Apart from the alert line coloursetc, what term determines the "momentum" part of the indicator. It seems to be "nicknxtmove" but what is the coding for this?
or is this a called function?
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  #21 (permalink)  
By dalby on 03-02-2007, 08:58 PM
Re: BB Squeeze Indicator For Tradestation

I trade almost exclusively price action, internals, MP etc. Iow, i don't use lagging indicators.

The squeeze indicator is the one exception. I have found it's robust on the 5 min. timeframe, but I do filter trades.

For example, if a long squeeze fires above an obvious support level (floor trader pivot) that makes it much more likely i'll take the signal.

On the other hand, I won't take it if it is firing long right into a congestion zone or obvious resistance level.

I've watched some of the trade the market videos, learned about the indicator, and programmed one into the Quotetracker paintbars.

I use it with the understanding that there is no holy grail, and it must be used in conjunction with logical analysis of support/resistance/ and price action.

It is true that volatility is much more cyclical and there is more serial correlation in regards to volatility, than price.

I think that basic reality is why this indicator works, at least for me
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  #22 (permalink)  
By ygol on 10-10-2007, 03:33 AM
Re: BB Squeeze Replica For Tradestation

Anyone knows if it is possible to have a squeeze for radarscreen? something like ttm with status (squeeze/fired), signal (long/short) and number of bars (it is in squeeze or fired).

When adding bbsqueeze to radarscreen, the data doesn't seems to match the infos on a graph.

Thank you.
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  #23 (permalink)  
By Blu-Ray on 10-10-2007, 05:50 AM
Re: BB Squeeze Replica For Tradestation

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Anyone knows if it is possible to have a squeeze for radarscreen? something like ttm with status (squeeze/fired), signal (long/short) and number of bars (it is in squeeze or fired).

When adding bbsqueeze to radarscreen, the data doesn't seems to match the infos on a graph.

Thank you.
Give this a try, I never tested it but should do the trick
Attached Files
File Type: eld RSSQUEEZE.ELD (6.8 KB, 125 views)
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  #24 (permalink)  
By ygol on 10-10-2007, 06:31 AM
Re: BB Squeeze Replica For Tradestation

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Give this a try, I never tested it but should do the trick
Fantastic Blu-Ray. thank you. The number of bars is not working but beside that it looks great.
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  #25 (permalink)  
By janlani on 01-23-2008, 11:17 AM
Re: BB Squeeze Replica For Tradestation

I am new to radarscreen and easylanguage, therefore it would be great if someone could fix that small line of code where the bars calculate correctly after a squeeze has already fired. Hope someone can help.

~Mike
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  #26 (permalink)  
By iangohye on 06-23-2008, 06:39 AM
Re: BB Squeeze Replica For Tradestation

Could you post the code please? Gonna try to code it in esignal. thank you.
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  #27 (permalink)  
By forsearch on 06-23-2008, 08:50 PM
Re: BB Squeeze Replica For Tradestation

Try reading the ENTIRE THREAD. It's in there.
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