Bollinger Squeeze 2

Bollinger Squeeze 2 is a variation of the Bollinger Squeeze indicator. Besides the BollingerBands and the KeltnerChannel in the Bollinger Squeeze 2 the Momentum and Exponential Moving Average indicators are used.


The indicator view in the chart.

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The indicator has the following parameters:

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Bollinger bands

Period - period of the Bollinger Bands indicator.

Channel width - setting of the Bollinger Bands channel width.

Keltner Channel

Period - period of the KeltnerChannel indicator.

Offset multiplier - set a coefficient, which changes the Keltner channel width.


Momentum

Period - period of the Momentum indicator.

Exponential moving average - period of the EMA indicator for the Momentum indicator.


Common

Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume


Drawing
Panel
- selection of the indicator location in the chart:

  • New panel
  • Chart

HighRatio,LowRatio

Show value - display of the indicator value on the price scale.

Show zero values - display of zero values.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color

Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

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