MetaTrader 5
Experts
Indicators
Scripts
Libraries
Storage
Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 5611
- Rating:
- Published:
- 2018.06.06 12:44
-
You are missing trading opportunities:- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration Log inYou agree to website policy and terms of use
If you do not have an account, please register
-
Need a robot or indicator based on this code? Order it on Freelance
Go to Freelance
The Trade The Markets Squeeze indicator. The main idea is to trade only when Bollinger Bands are located within Keltner Bands and thus form trade zones.
The indicator is drawn as a histogram with signal labels along the center line. It has seven configurable parameters:
- BB period - Bollinger Bands calculation period;
- BB deviation - Bollinger Bands deviation;
- Keltner period - Keltner Bands calculation period;
- Keltner smooth period - Keltner Bands smoothing period;
- Keltner smooth method - Keltner Bands smoothing method;
- Keltner deviation - Keltner Bands deviation;
- Signal label size - the size for signal labels.
Interpretation: when the signal labels are colored, it means a trading zone is found. Trades should be performed in accordance with direction indicators, the moving average, the intersection of Bollinger Bands or MAs, etc.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20273