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.

[waverunner]

Think I have it now.. changed Axis to ( no Axis ) and plot subgraph 2 and it displaying ;-)

Thanks to all..

I tried posting pic's last time but must have done something wrong ? Will try again


bc..

[ajax358]

right click chart......'format indicator (this one); scaling tab....'sclae On'= right or no axis.....subgraph (one ya want it in).....'scale type'=linera; Scale range=Automatic (can preset "subgraph Margins lower=5.000, Upper=5.ooo (have they greyed out if "automatic" chaecked above it.

see if this works......

[waverunner]

Thanx's - I think I have it running correctly now - I like the number 2, setting as well..

Appreciate the help `

bc..

[deanthemachine]

Can anyone help translating the PBF squeeze into thinkscript, or give me the formula, and I will code it into thinkscript. Same thing for the PBF heat meter.
Thanks!