Control Trading Squeeze
Control Trading Squeeze shows volatility bands to help to identify/confirm trends
We recommend using this indicador for identifying/confirming breakout of support/resistance/figures, trend following, retracements, etc.
Works on every symbol and timeframe.
This indicator shows normalized volatility (independent to symbols prices). It uses 2 colors for bullish or bearish trends, and draws a faster moving average line to help smoothing the levels.
For example a Squeeze level of 3.0 means that symbol volatility is 3 times of the average true range (ATR).
Levels that goes above 3.0-3.5 easily, can anticipate strong price movements.
When histogram changes color, it informs about the change of trend.
Histogram going up indicates aceleration/strength of the current trend.
Histogram going down indicates deacceleration/weakness of the current trend, not meaning a change of trend on every case.
- Period: Number of candles for volatility calculation and ATR calculation.