Here's a little indicator I coded a while back which displays the upper and lower band values when a bollinger band squeeze is on. The price lines disappear when the bands exit the squeeze. The idea is to place an entry bracket at price lines in anticipation of the breakout. Hope someone finds it useful.

inputs:
	BollingerPrice( close),
	bbLength( 13 ),
	NumDevsUp( 2 ),
	NumDevsDn( -2),
	Displace( 0 ) ,
	kPrice( Close ), 
	kLength( 13 ), 
	NumATRs( 1.5 ),
	Plotbb(false); 
	
variables:
	bbAvg( 0 ),
	kAvg(0),
	SDev( 0 ),
	bbLowerBand( 0 ),
	bbUpperBand( 0 ), 
	Shift( 0 ),
 	kLowerBand( 0 ), 
	kUpperBand( 0 ),
	decimals(autodecimals),
	rndbbupperband(0),
	rndbblowerband(0);
	

{bb}
bbAvg = AverageFC( BollingerPrice, bbLength ) ;
SDev = StandardDev( BollingerPrice, bbLength, 1 ) ;
bbUpperBand = bbAvg + NumDevsUp * SDev ;
bbLowerBand = bbAvg + NumDevsDn * SDev ;
{kc}
kAvg = AverageFC( kPrice, kLength ) ;
Shift = NumATRs * AvgTrueRange( kLength ) ;
kUpperBand = kAvg + Shift ;
kLowerBand = kAvg - Shift ;
{bb}
If plotbb=true then begin	
if Displace >= 0 or CurrentBar > AbsValue( Displace ) then 
	begin
	Plot1[Displace]( bbUpperBand, "UpperBand" ) ;
	Plot2[Displace]( bbLowerBand, "LowerBand" ) ;
	Plot3[Displace]( bbAvg, "MidLine" ) ;
end;
{kc}
if Displace >= 0 or CurrentBar > AbsValue( Displace )  then 
	begin
	Plot4[Displace]( kUpperBand, "UpperBand" ) ;
	Plot5[Displace]( kLowerBand, "LowerBand" ) ;
	
	end;
end;

If bbUpperBand<=kUpperband or bbLowerband>=klowerband then begin
	setplotcolor(1,yellow);
	setplotcolor(2,yellow);
end;	

if lastbaronchart then begin
	
	value1=TL_new(currentdate, currenttime+5, bbUpperband, currentdate, currenttime+5, bbUpperband);
	value2=TL_new(currentdate, currenttime+5, bbLowerband, currentdate, currenttime+5, bbLowerband);
	
	TL_SetExtRight(1, true);
	TL_SetExtRight(2, true);
	

	TL_SetStyle(1, tool_solid);
	TL_SetStyle(2, tool_solid);
	


	TL_SetColor(1, yellow);
	TL_SetColor(2, yellow);
	

	TL_SetSize(1, 0);
	TL_SetSize(2, 0);


rndbbupperband=roundinst(bbupperband);
rndbblowerband=roundinst(bblowerband);
	value3=Text_New(Date, time, 0, numtostr(rndbbupperband,decimals));
	
	Text_SetLocation(1, currentDate, currenttime+5, bbupperband);
	Text_SetColor(1, green);
		
	value4=Text_New(Date, Time, 0, numtostr(rndbblowerband,decimals));
	Text_SetLocation(2, currentDate, currenttime+5, bblowerband);
	Text_SetColor(2, red);
If  bbUpperBand>=kUpperband or bbLowerband<=klowerband then begin
	TL_Delete(1);
	TL_Delete(2);
	Text_Delete(1);
	Text_Delete(2);
end;



	
end;

Let me know if you have any issues. Squeezer.eld is the indicator. Auto Decimals.eld and RoundInst.eld are functions referenced in the indicator.

JC

[caglebagle]

Here's a pic.
This indicator is made to be used in conjunction with the BB Squeeze indicator FWIW.

JC

[ajax358]

<ajax> JC.....copied & pasted in EasyLanguage......it would not verify, as sadi a "word" was not coorect.....hmmmm. Can ya post the "ELD" for it???....thx JC....

[ajax358]

TS would not "verify" when hi tthat button in last pahse of making the indicator in Easy Language...... ajax

[caglebagle]

k.....ELD posted. Let me know if you get it working....It verified for me. I'm using 8.6 build 2612 fwiw

[ajax358]

k.....using same Build.....so will test it now....thx again JC.....

[caglebagle]

K.....the functions needed for the indicator are posted now. That should solve it.

JC

[caglebagle]

I found another squeeze related indicator that I coded a while back. This one is a paintbar indicator and paints the bars when a squeeze is entered. It works well with the above indicator and the BB Squeeze indicator.

JC