Statistically, Squeeze fires in the direction of strength (Up or Down). By replacing the Rate of Change with Bollinger Band % BB, allows us to easily pick the direction to trade the Squeeze. With the knowledge of Price Pattern, it makes it even easier.
I have identified 4 Setups that works wells with this. I will let you explore and comment. Could possibly initiate arguments and can identify a few more.
Nothing is perfect, but probable.
Using this with the Timing V1 Signals - It is easier to sneak in. More variations to this in future. Will need time to backtest other variations.
A sneak peak at the new version [V3] squeeze indicator will be available, soon i can feel more confident with it. This version will have Squeeze Intensity Levels (colored Squeeze Dots) and will give an important piece of information which i will explain, when I post the indicator.
UDAY_C_Santhakumar
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MONEYMENOW
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I believe the histogram is not representing momentum... just reconfirming...
UDAY_C_Santhakumar
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Version 2 is a bit outdated. I am on Version 8. Optimized Further to just provide the interesting squeezes.
Version 2 uses Bollinger Band Ratio for the Momentum.
MONEYMENOW
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holy molly.. V8.. where r the other V's... V7,V6,V5,V4,V3... can I have a look at V7.. or V6...
Thanks for the reply.. Appreciate it..
UDAY_C_Santhakumar
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Development version of V8. Not complete. The goal is to convert this to a strategy, with Defined Entry and Exit.
MONEYMENOW
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oooooooooooo.. that looks something tasty.... good work mate...
ADmytrenko2
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@ucsgears,
UDAY_C_Santhakumar
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Here is the 50/50 fire probability trade.
UDAY_C_Santhakumar
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Accidentally, I did not hide the alert line. Doesn't mean anything.