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Old 03-02-2007, 08:58 PM
dalby dalby is offline
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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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