Bollinger Bands Compression Indicator
- Indicators
- Irina Cherkashina
- Version: 1.0
- Activations: 5
This is a Bollinger Bands Compression indicator. It detects volatility compression and the release of “suppressed momentum.” It can be used when it coincides with any specific trading entries — released volatility means a higher probability of making a decent profit. There is also a histogram with colored bands symbolizing weakness or strength, and a zero line crossover. Therefore, this indicator can be used both in conjunction with other indicators within trading strategies, and on its own merits to make trading decisions.
