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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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