Bollinger Squeeze - this indicator is based on the BollingerBands and KeltnerChannel indicators. The histogram reflects the relative difference between the KeltnerChannel and BollingerBands widths.
How the indicator looks like in the chart:
The BollingerBands and KeltnerChannel indicators are added to the chart for illustrative purposes.
The indicator has the following parameters:
Period - period of the BollingerBands indicator.
Channel width - setting of the channel width of the BollingerBands indicator.
Period - period of the KeltnerChannel indicator.
Offset multiplier - setting the coefficient, which changes the Keltner Channel width.
Source - setting of the indicator calculation parameters:
Panel - selection of the indicator location in the chart:
- New panel
High Ratio, Low Ratio.
Show value - showing the indicator value on the price scale.
Show zero values - showing zero values.
Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator will be accommodated in the chart.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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