OPEN-SOURCE SCRIPT
Keltner+Bollinger Squeeze [kingthies_]
Keltner-Bollinger-Combo Squeeze
As you likely know, the bollinger squeeze comes from the bband indicator, a classic indicator in all forms of technical analysis, effectively measuring volatility of a given assets price movement.
There are different forms of the squeeze here on tradingview, and I've combined the Bollinger band indicator in my own strategy, to the alternative and similar appearing Keltner channels. The two work incredibly well together and I've used them in my analysis for years now as my core approach to understanding the technical side of the markets.
This tool will show users the result that i typically look for when assessing for potential volatile moves in the near future for an asset, and will highlight the chart + send an alert when the chart is something to look at and the indicator suggests incoming volatility may be in the near future.
The users will still need to assess themselves whether the squeeze they see is a bullish or bearish leaning, but the overall idea is to set it and forget it with the alert clause thats added in.
Personally i enjoy this with Heikin ashi inputs but use whichever preference you have, and all timeframes + tickers should apply here.
Cheers
As you likely know, the bollinger squeeze comes from the bband indicator, a classic indicator in all forms of technical analysis, effectively measuring volatility of a given assets price movement.
There are different forms of the squeeze here on tradingview, and I've combined the Bollinger band indicator in my own strategy, to the alternative and similar appearing Keltner channels. The two work incredibly well together and I've used them in my analysis for years now as my core approach to understanding the technical side of the markets.
This tool will show users the result that i typically look for when assessing for potential volatile moves in the near future for an asset, and will highlight the chart + send an alert when the chart is something to look at and the indicator suggests incoming volatility may be in the near future.
The users will still need to assess themselves whether the squeeze they see is a bullish or bearish leaning, but the overall idea is to set it and forget it with the alert clause thats added in.
Personally i enjoy this with Heikin ashi inputs but use whichever preference you have, and all timeframes + tickers should apply here.
Cheers
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Eric Thies
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