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Squeeze_RA_V1 - indicator for MetaTrader 5

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votes: 12
2016.02.09 08:33
2016.11.22 07:32

Real author:

Ravish Anandaram

This indicator is based on the strategy described in the book "Mastering the Trade" by John Carter. This is a completely revised version of the Squeeze_Break indicator, written by Des O'Regan.

Key improvements include the plotting of compression values (some changes in the calculation of BB/KC) on the zero line, and then smoothing the momentum value in the form of rising/descending positive/negative histogram. Thus, the result is an image that is simple for visual acceptability. Part of the code of the linear regression by Viktor Nikolaev (Vinin's V_LRMA.mq4) is used for the smoothing of the histogram.

Originally this indicator has been written in MQL4 and was first published in the Code Base on 23.12.2015.

Figure 1. The Squeeze_RA_V1 Indicator

Figure 1. The Squeeze_RA_V1 Indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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The Squeeze_RA_V1 indicator with the timeframe selection option available in input parameters.