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2015.10.05 11:03
Indicators

Squeeze RA V1 - indicator for MetaTrader 4

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My version of Squeeze Indicator for MetaTrader 4. This indicator is based on a strategy mentioned in John Carter's book, Mastering the Trade. It is also a fully improvised version of Squeeze_Break indicator by Des O'Regan.

The main improvements include plotting squeeze values (some BB/KC calculation changes) on the zero-line and then to smoothen the momentum values as rising/falling positive/negative histograms to match the ones sold on commercial websites. This is easy on the eye. Uses some of the Linear Regression code from Victor Nicolaev aka Vinin's V_LRMA.mq4 for smoothening the histograms.

This version DOES NOT have any alerts functionality and also does not have inputs to change. The reason is — this is V1 and generally nobody changes the BB and KC values.

EURUSDH1-BW-1

On a D1 timeframe below:

GBPUSDDaily-BW-1

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