Indicators: Bollinger bands squeeze

[Automated-Trading]

Bollinger bands squeeze:

Bollinger bands squeeze

Author: Mladen Rakic

[dougclose]

is there an MT4 version of this exact indicator? 

[ceejay1962]

I love this indicator, thanks for sharing.

[KT Chen]

Could I ask a question？

I found the code below.

      keld[i] = mid[i]-atr[i]*_kcMultiplier;

      kelu[i] = mid[i]+atr[i]*_kcMultiplier;

      bool _squeeze = (kelu[i]>bbup[i]);

Why the _squeeze only depends on the kelu? How about the keld?

Regards,

[maximo]

KT Chen #:

Could I ask a question？

Why the _squeeze only depends on the kelu? How about the keld?

Regards,

   

      The atr from the mid price is the same for upper and lower Keltner, so there is no need to check both of them for a squeeze.

[KT Chen]

maximo #:

   

      The atr from the mid price is the same for upper and lower Keltner, so there is no need to check both of them for a squeeze.

Got it. Thanks!

[Sunday Abraham]

This is a really nice indicator thanks for sharing, but is there an EA version?