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.

Futurestrader

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.

 

PBF-Squeeze.JPG

PBF-SQUEEZE.ELD

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.

TheSqueezeUpgrade4.jpg

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?

 

260xzef.jpg

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.

 

307s3mo.jpg

2cz9b2a.jpg

292tu2t.jpg

 

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:

 

SetPlotWidth(1,7);
setplotwidth(2,7);

 

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),
 Length(20),
 Length2(13),
 Length3(21),
 Length4(9),
 Style(1),
 nK(1.5), 
 nBB(2), 
	 AlertLine( 1 ),
 BuyColor1(blue), BuyColor2(darkblue),
 SellColor1(red), SellColor2(darkred),
 NormalColor(Red),AlertColor(Blue),
 CounterTrend(true); 

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),
    CCIValue(0),DownCT(0),UpCT(0),SDev(0),ATR(0),LHMult(0),Denom(0),BBS_Ind(0);

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

{-- 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)
else
  SetPlotColor(1, AlertColor);

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

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");
end;


{Histogram} 
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") ;
//setplotwidth(2,7);
if AvgDiff > 0 then 
 if AvgDiff > AvgDiff[1] then 
   setplotcolor(2,BuyColor1)
 else
   setplotcolor(2,BuyColor2) ;

if AvgDiff < 0 then 
 if AvgDiff < AvgDiff[1] then setplotcolor(2,SellColor1)
else
 setplotcolor(2,SellColor2);



{+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++}
{ 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
  setplotcolor(2,SellColor2);
  DownCT = 1;
end;

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
  setplotcolor(2,BuyColor1);
  DownCT = 0;
end;

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;
end;

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
  setplotcolor(2,SellColor1);
  UpCT = 0;
end;

end;

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.

 

Cheers

 

Blu-Ray

 

 

Blu-Ray,

 

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

 

thanks

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.

 

daedalus,

 

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

Hello

 

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.

Guest
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

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. 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 HFM 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. Michalis Efthymiou Market Analyst HFMarkets 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.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

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