Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.


PBF Squeeze Replica For Tradestation

Recommended Posts

Many have asked what the differences are between the PBF-Squeeze indicator and the other popular and well-known Squeeze that's been out there for years, which is retailed at $496.

The simple answer is:

  • THIS is much faster and way more precise.
  • THIS Squeeze indicator has absolutely nothing to do with the other Squeeze except for the name and similar formation (lines, dots, histograms, green, red, what else can you do?)


The idea and calculation behind our Squeeze is brand new. It does not employ the Momentum or CCI indicator, which are okay but not precise and responsive enough for our tastes. The "traditioinal" Bollinger Band/Keltner Channel idea that plots the middle line is kept alive if you choose 2 for "style" under "format technical analysis", but we no longer use it in our trading. This idea sounds very attractive in theory, but if you really think about it and examine the charts, both Bollinger Band and Keltner Channels are lagging indicators. By the time the Bollinger Band moves inside the Keltner Channel, the market would have been moving sideways for at least a few bars.

What's worse is when the Bollinger Band moves outside of the Keltner Channel, the market has been moving for at least a few bars. If you enter positions then, that means you are a few bars too late.

For this reason, we have re-designed the middle line, which has made tremendous differences in our trading, especially in the counter-trend mode.




Share this post

Link to post
Share on other sites

Here are some trading ideas for the PBF-Squeeze Indicator.

Use a EMA48 and EMA89 to get the Middle line or use the jtHMA to get better results. This line gives you the trend direction.

Take CT Trades only if you have a divergence in the PBF-Squeeze.


Share this post

Link to post
Share on other sites

Looks good. Can't wait to try it.


I've installed it but it needs to be adjusted in the "style" tab... it just looks like a line bar and the squeeze dots are REALLY small and they don't seem to react the changes in the style tab to make them wider... suggestions?



Edited by daedalus

Share this post

Link to post
Share on other sites

I appreciate the post... but this doesn't work in TS...


Heres screens showing the changes to both of them, and the resulting chart from the changes.






The only changes that take effect are changing it from line to histogram... None of the width changes seem to take effect.


Don't know how much you can do since you use the MC platform, but if anyone else tries this on their TS i'd like to know if you're having the same issues.


Thanks again for posting the indicator regardless!

Share this post

Link to post
Share on other sites

I am using MC too, but there are two SetPlotWidth lines in the code, which means they are hardcoded and your changes will have no effect. Try to comment them out and see if this helps to have your settings take effect.


The lines are:




Or copy and paste the code below where I have commented the lines out already to a new indicator and verify:

Inputs: Price(Close), price2(close),Price3(H/3+L/3+C/3),
	 AlertLine( 1 ),
 BuyColor1(blue), BuyColor2(darkblue),
 SellColor1(red), SellColor2(darkred),

vars:FastVal1(0), SlowVal1(0), Diff1(0),
    FastVal2(0), SlowVal2(0), Diff2(0),
    FastVal3(0), SlowVal3(0), Diff3(0),
    FastVal4(0), SlowVal4(0), Diff4(0),
    AvgDiff(0), AvgDif(0), poles(4),

if Style = 0 then begin
{Zero Line - BB Squeeze}
if ( barnumber=1 ) then 
  If minmove <> 0 then
    LHMult = pricescale/minmove;

{-- Calculate BB Squeeze ----------------------}
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)
  SetPlotColor(1, AlertColor);

{-- Plot Index & Alert Line -------------------------}
Plot1(0, "Squeeze");

if Style = 1 then begin
{Zero Line - Gauss filter}
value1 = Gauss(Price3,Length3,3);

if (Value1) > (Value1[1]) then 
SetPlotColor(1, BuyColor1);
if (Value1) < (Value1[1]) then 
SetPlotColor(1, SellColor1);
//	SetPlotWidth(1,7);
Plot1(0, "Squeeze");

FastVal1 = Gauss(price, 8, poles);
SlowVal1 = Gauss(price, 21, poles);
Diff1 = FastVal1 - SlowVal1;
FastVal2 = Gauss(price, 13, poles);
SlowVal2 = Gauss(price, 34, poles);
Diff2 = FastVal2 - SlowVal2;
FastVal3 = Gauss(price, 21, poles);
SlowVal3 = Gauss(price, 55, poles);
Diff3 = FastVal3 - SlowVal3;
FastVal4 = Gauss(price, 34, poles);
SlowVal4 = Gauss(price, 89, poles);
Diff4 = FastVal4 - SlowVal4;
AvgDiff = (Diff1+Diff2+Diff3+Diff4)/4;

plot2(AvgDiff,"DiffHisto") ;
if AvgDiff > 0 then 
 if AvgDiff > AvgDiff[1] then 
   setplotcolor(2,BuyColor2) ;

if AvgDiff < 0 then 
 if AvgDiff < AvgDiff[1] then setplotcolor(2,SellColor1)

{ Counter Trend Mode}
if CounterTrend = true then begin
CCiValue = CCI(13);

Condition1 = ccivalue[1] > 50;
Condition2 = CCivalue < 50;
Condition3 = CCivalue[1] < 100;
Condition4 = CCiValue > 100;
Condition5 = AvgDiff > 0;
Condition6 = AvgDiff[1] > 0;
Condition7 = AvgDiff[2] > 0;
Condition8 = ccivalue < 100;

if Condition1 and Condition2 and Condition5 and condition6 and condition7 then begin
  DownCT = 1;

if DownCT = 1 and AvgDiff < 0 then DownCT =0;

if DownCT = 1 and Condition8 and Condition5 then setplotcolor(2,SellColor2);

if DownCT = 1 and Condition3 and Condition4 then begin
  DownCT = 0;

Condition11 = ccivalue[1] < -50;
Condition12 = CCivalue > -50;
Condition13 = CCivalue[1] >- 100;
Condition14 = CCiValue < -100;
Condition15 = AvgDiff < 0;
Condition16 = AvgDiff[1] < 0;
Condition17 = AvgDiff[2] < 0;
Condition18 = ccivalue >-100;

if Condition11 and Condition12 and Condition15 and condition16 and condition17 then begin
  setplotcolor(2,BuyColor2) ;
  UpCT = 1;

if UpCT = 1 and AvgDiff > 0 then UpCT =0;
if UpCT = 1 and Condition18 and Condition15 then setplotcolor(2,BuyColor2) ;
if UpCT = 1 and Condition13 and Condition14 then begin
  UpCT = 0;


Share this post

Link to post
Share on other sites
Thanks sevensa - when I try to verify i get a message say that "The word end was expected before the end of the file"


Sorry, I guess TS doesn't like // characters to comment out lines and you have to include the text between {} if you want to comment the lines out.


Glad you got it working though.

Share this post

Link to post
Share on other sites
Thanks for your version of this, it seems that you have modifed my code that I realased on here under the "various indicators" title.









do you think the code for PBF_squeeze will work for sierracharts. Im trying to find what they are using to create this indicator.



Share this post

Link to post
Share on other sites

no. it has its center line "squeeze" signal modified somehow.


Its actually pretty interesting. Throw both this and a "old" squeeze on a chart and compare. You get more signals and get better entries usually. Just find a good way to filter them and manage them and you might just have something.

Share this post

Link to post
Share on other sites
no. it has its center line "squeeze" signal modified somehow.


Its actually pretty interesting. Throw both this and a "old" squeeze on a chart and compare. You get more signals and get better entries usually. Just find a good way to filter them and manage them and you might just have something.




Do you use the PBF_squeeze,


Does anyone have the code for Pbf_squeeze for sierracharts.

Share this post

Link to post
Share on other sites

i dunno.

for the histogram, people have said its similiar to a TRIX. look at a 4-8 perod TRIX. I dont think Bbands or KChannels are used at all in the new one.


compare TRIX with different settings against the original one and see if it's close.

Share this post

Link to post
Share on other sites



After importing this indicator, it refuses to plot as a histogram with 'thicker' lines and I have exhausted what little knowledge I have.


I have attempted to change its attributes using 'Style' with no success.


Is anyone else experiencing this problem?


I'm running TS 8.4 (1688).


Many Thanks


for any suggestions.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Topics

  • Posts

    • yes, SalesForce, CNN, cancel culture, etc etc ,  I do question the  validity and integrity of the election ... just sayin’ it was ok way back when for anyone to say trump was an illegitimate president ... and now it's completely ok for anyone to say that xiden is illegitimate... "not my president" ... not that trump deserved to win ... or that he would MAGA ... or drain the swamp... or ...     ... just sayin’ he would have been a tiny bit preferable to xiden  
    • Date : 26th February 2021. Market Update – February 26 – End of Month shenanigans. Market News Today – Yields spike (10-yr +9.27% – over 1.52), Equities tank (Nasdaq -3.52%, Nikkei -4%), USD off 3-year lows. Commodity, EM currencies & Sterling cool from highs. Oil holds up (US attack on Iranian groups in Syria), Gold falls further under $1770, BTC at $45K. US data yesterday biased to the upside (big fall Claims, Durables beat & GDP in-line.) Overnight – weak Housing, also weak but better than expected CPI & Retail data from JPY. Senate rejects $15 min wage in Stimulus bill and looks to trim the $1.9t proposals. The dollar and yen rallied as a risk-off theme coursed through global markets, with equity markets, commodities, including base metals and oil, all tumbling. The sharp spike in US and most other sovereign yields this week and the associated concerns about inflation have driven the correction in risk assets and currencies. We maintain that sovereign yields are lifting out of exceptionally low levels, that rising yields and interest rates are par for the course in major bull markets in equities by historic standards, and that the prospect of higher corporate earnings can still carry equities higher. But for now, the prevailing bias is a risk-off one, although Treasury yields have dropped back quite sharply from highs today. In the mix today has been news of a US airstrike in Syria against infrastructure used by Iranian-backed militia, which was reportedly in response to recent Iranian attacks on US interests in Iraq. The USDIndex rallied nearly 0.5% in posting a four-day high at 90.49, while EURUSD concurrently dropped to a two-day low at 1.2129. Cable retreated back under 1.4000 on route to pegging an eight-day low at 1.3903. The Australian and New Zealand dollars underperformed, not surprisingly, having been outperformers during the risk-on times. AUDUSD fell over 0.5% in printing a one-week low at 0.7805. USDCAD lifted to a four-day peak at 1.2649, extending the sharp rebound out of yesterday’s three-year low at 1.2466. The Yen, meanwhile, has been the biggest gainer, outperforming even the dollar so far today as its traditional role as a haven currency become re-established. USDJPY dropped from a six-month high at 106.43 to a low at 105.86. Yen crosses dropped sharply out of trend highs in synchrony, with AUDJPY, for instance, diving some 2.5% from the three-year high the cross had seen yesterday. Over in the cryptocurrency world, sharp declines have made a return. Bitcoin has hit a low so far just above $44,000, which is nearly 15% down on yesterday’s high and some 25% down on the record peak that was seen earlier in the week. Arguments by crypto advocates that bitcoin is a hedge against inflation have evidently been found wanting. Today – US Personal Income, PCE & core PCE, Chicago PMI, Uni of Michigan, ECB’s Schnabel, BoE’s Ramsden, Haldane. Biggest (FX) Mover @ (07:30 GMT) AUDJPY (-0.61%) Reversal of yesterday’s rally towards 85.00. Broke lower and under 20MA at R1 84.45 yesterday, now under PP and testing S1 and 200hr MA at 83.00. Faster MAs aligned and trending lower, RSI 34 and falling, MACD histogram & signal line aligned lower, falling after break of 0 line earlier. Stochs up from OS zone and rising again. H1 ATR 0.1325, Daily ATR 0.6000. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Buy Next bar always Buys on Next bar based on current bar's value.   if you want to Buy at Nextbar's Open + 0.5, then use the following code.   Buy next bar at at Open next bar + 0.5 Stop; setexitonclose; Hope that helps.   Good luck. Mani.
    • Hi, StartTime(1630) // 430 PM EndTIme(930) // 930 AM If T > ONightStart and T < ONightEnd then ONightSession = True;  Time cannot be greater than 430 PM less than 930 AM(since we haven't mentioned any Date). Try this:- If T > ONightStart OR T < ONightEnd then ONightSession = True;    Goodluck. Mani.
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.