Bollinger Squeeze Break
- Indicatori
-
Ich Khiem Nguyen
👋 Benvenuto su Alpha On Chart
Sto sviluppando Alpha On Chart come un ecosistema di supporto al trading per trader XAUUSD e utenti MT5.
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🔥 VIP MEMBER - Versione: 1.0
- Attivazioni: 10
Section 1: Context and Core Value
Identify High-Impact Momentum Breakouts From Range Compression
Timing directional breakouts presents a persistent challenge for active intraday traders. Initiating positions inside tight consolidation frequently results in whipsaws from boundary wicks, buying directly into immediate pullbacks, or hesitating until momentum has already exhausted itself. Without objective criteria to differentiate genuine expansion from low-liquidity consolidation noise, traders risk repeated false starts.
This indicator addresses this challenge by identifying tight market compression and detecting the transition when volatility expands. Instead of relying on subjective chart interpretation, it delivers structured on-chart visual confirmation when price action decisively closes beyond established structural boundaries, filtering out low-volume chop and isolating directional momentum.
The logic is engineered for active market sessions when liquidity and follow-through expand, providing systematic confirmation across high-liquidity symbols, liquid instruments, and actively traded markets.
Section 2: Entry Logic and Trade Management
Visual BUY Confirmation
- A setup develops as price compresses within structural boundaries.
- A bullish expansion candle breaks and closes decisively above the upper resistance level.
- The signal confirms upon the close of the setup candle.
- The open of the subsequent candle serves as the execution reference.
Visual SELL Confirmation
- A setup develops following price compression within structural boundaries.
- A bearish expansion candle breaks and closes decisively below the lower support level.
- The signal confirms upon the close of the setup candle.
- The open of the subsequent candle serves as the execution reference.
Structural Stop Loss Placement
- The indicator calculates a protective Stop Loss reference positioned just outside recent structural swing points.
- A configurable volatility buffer provides additional distance beyond key pivots to accommodate spread variations and minor retest wicks.
4 Structured Profit Targets
The indicator projects four predefined risk-to-reward (R-multiple) targets:
- TP1 (0.5R): Initial objective configured for early partial scale-outs on immediate momentum follow-through.
- TP2 (0.8R): Intermediate milestone capturing steady directional continuation.
- TP3 (1.2R): Extended target capturing broader trending impulse waves.
- TP4 (2.0R): Full expansion runner target designed for larger directional trend legs.
Closed-Bar Calculation Logic
- Signals and target levels calculate strictly upon candle close.
- Confirmed markers remain anchored to their original historical bars without recalculating, repainting, or shifting on future price data.
All-in-One Trading Toolkit on MT5
Engineered to streamline compression analysis and systematic momentum breakout execution.
Built to support your trading workflow: multi-symbol screening, multi-timeframe confirmation, transparent Entry-SL-TP visual structures, and on-chart historical backtesting.
Multi-Symbol and Multi-Timeframe Scanner
Avoid opening dozens of separate charts.
The integrated MTF SCAN dashboard monitors multiple assets simultaneously across:
M15, M30, H1, H4, D1
Dashboard overview:
- Active Signal Discovery: Shows currently active BUY/SELL setups.
- Signal Status Tracking: Displays basic status of tracked signals (active, near TP, near SL).
- Higher Timeframe Confluence: Highlights when a higher-timeframe trend aligns with a lower-timeframe trigger.
- Market Bias Summary: UP, DOWN, or FLAT reading based on the indicator's own trend filter.
- One-Click Navigation: Click any dashboard cell to switch your active chart to that symbol and timeframe.
Trade Plan Visualization: Entry, Stop Loss and 4-Tier TP Ladder
A full plan displayed on the chart rather than a single alert:
Entry -> Stop Loss -> TP1 -> TP2 -> TP3 -> TP4
- Visual risk/reward zones projected directly onto your candles.
- Basic lifecycle status tracking (Active, TP Hit, SL Hit).
- Non-Repaint Design: Signals lock once the bar closes and do not recalculate, shift, or disappear afterward. This describes the calculation logic only and does not imply any particular outcome.
Signal Filtering (Signal Brake)
Sideways consolidation and two-sided liquidity wicks can generate repeated false signals. The Signal Brake logic is intended to reduce this:
- Limits rapid BUY/SELL flip-flopping in tight consolidation ranges.
- Restricts new same-direction signals while a prior setup is still active.
- Requires a minimum R-distance before the next signal can trigger.
On-Chart Historical Backtest Panel
A built-in panel summarizes how signals performed on historical data for the current settings:
- Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
- Sample size shown for the configured lookback period.
- Highlights which TP level had the best historical hit-rate for that sample.
- A simple sample-size indicator to help judge statistical relevance.Note: these figures reflect past price data for the tested symbol, timeframe, and settings only. Past results do not guarantee future performance.
Multi-Channel Alerts
Stay informed while away from the chart:
- MT5 Desktop pop-up notifications.
- Audio alerts (.wav).
- Push notifications to the MT5 mobile app via MetaQuotes ID.
Interface
Designed to stay out of the way of your chart:
- 3 size presets: Small (S) / Medium (M) / Large (L).
- One-click minimize and expand toggle.
- Draggable panel that remembers its position across timeframe changes.
Suited For Traders Who Want To:
- Pinpoint directional momentum breakouts immediately after price compression.
- Filter out erratic wicks and sideways chop during quiet market phases.
- Screen compression setups across multiple symbols and timeframes simultaneously.
- Validate that lower-timeframe expansion triggers align with higher-timeframe trend bias.
- Execute trades using systematic structural Stop Loss placement and a 4-tier target ladder.
- Review historical setup metrics and sample distributions directly on the chart.
- Receive instant push notifications on MT5 mobile when valid breakout bars close.
Support and Free Trial
A free demo version can be tested in the Strategy Tester and on a demo chart before purchase, through the standard MQL5 Market demo feature.
Want to try the full version before buying? Message me and I'll set you up with a short-term full-feature trial license — just send a message with your account details.
For setup questions or technical support, feel free to send a message through my MQL5 profile.
