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MetaQuotes Software Corp.
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177377
MetaQuotes Software Corp. 2009.04.17 09:17 

Squeeze Break Indicator:

This indicator uses a combination of Bollinger Bands and Keltner Channels to capture moves from low to high volatility.

Author: Desmond ORegan

MQL4 Comments
16309
MQL4 Comments 2009.04.20 01:52  

This is a great work. Thank you very much.

Meta2
364
Meta2 2009.04.20 14:46  

Hi,

there are little sign for the break out in the chart: red and blue.

red for sell and blue for buy, that's right?

Best regards

J_l

Desmond ORegan
31
Desmond ORegan 2009.04.21 13:55  
Meta1:

Hi,

there are little sign for the break out in the chart: red and blue.

red for sell and blue for buy, that's right?

Best regards

J_l

Hi Meta1,

That's the idea anyway. A red arrow indicates that the Momentum indicator is below the zero line and a blue arrow indicates that it is above the zero line. According to the strategy rules one should go short on a red arrow and long on a blue arrow. Be aware of resistance levels close to blue arrows and support levels close to red arrows. If they are too close, which can happen, I wait for price to penetrate those levels first.

Regards,

Des

Desmond ORegan
31
Desmond ORegan 2009.04.21 13:57  
donmajor:

This is a great work. Thank you very much.

Thanks for the encouraging words donmajor ! Much appreciated

Regards,

Des

Vlad Vahnovanu
18
Vlad Vahnovanu 2009.05.17 13:19  

This is great work!Thanks for the indicator Catan!!

MQL4 Comments
16309
MQL4 Comments 2009.06.16 08:58  

Hi

Could someone tell how to change the alert to signal when the indicator goes red? As opposed to when it goes back to green.

dave

MQL4 Comments
16309
MQL4 Comments 2009.09.04 03:47  

Hello Everyone:

Instead of using Momentum to determine buy/sell signals what about using Williams %R? Just a suggestion.

cornerstone-43

MQL4 Comments
16309
MQL4 Comments 2010.03.15 13:37  

ya ya Fine no but supper fine combination i like it much i use this indicator.


Author: Catan

inet200
373
inet200 2015.05.07 06:33  
Indicator has a bug, it deletes all objects on the screen on time frame change. Could you please fix it?
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