This indicator will trade Squeeze Breakout Signals after a User defined Minimun of Squeeze Bars.
A squeeze bar is that where the Bollinger Band is inside the Keltner Band. The user can specify the Bars length of this Area
A Squeeze Breakout happens when the Bollinger gets outside of the Keltner. The direction of the trade is given by the slope of the Midline ( same for the Keltner and Bollinger )
This indicator exposes the Trend with its 3 possible values ; 0 while there are not N consecutive squeeze bars and +1 or -1 after that.
The entry signals are also exposed and can be read from Strategy Builder or Markers.
Yes ! it is compatible with Markers !
TIS_Squeeze_Breakout
- Brand: The Indicator Store
- Product Code: SqueezeBreakout
- Availability: 10
- $250.00
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$200.00
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Risk Disclosure
RISK DISCLOSURE :
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLOSURE :
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.