OPEN-SOURCE SCRIPT
Updated Fast Squeeze For Bollinger Bands
Use with bollinger bands, it highlights more recent price range.
Wen price action tightens it will change color from green to orange and then red.
This indicator uses a low timeframe and shows the upcoming mini-squeezes much faster and visually fits into bbands.
Wen price action tightens it will change color from green to orange and then red.
This indicator uses a low timeframe and shows the upcoming mini-squeezes much faster and visually fits into bbands.
Release Notes
You can now input price threshold percentage for when it changes color.Lower the values for stocks, it should be green most of the time and turn red when it's about to squeeze.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.