![]() The histogram will help you understand how strong the current trend is and will tell you when to exit a trade on the trend's weakening.#Assembled by TheBewb using existing Mobius Squeeze Momentum coding and "squeeze" concept made popular by John Carter.ĭef sDev = StDev(data = price, length = length) ĭef MidLineBB = MovingAverage(averageType, data = price, length = length) ĭef LowerBandBB = MidLineBB + Num_Dev_Dn * sDev ĭef UpperBandBB = MidLineBB + Num_Dev_up * sDev The main idea behind this indicator is to establish trading ranges during the non-trending phase of the market ( blue histogram bars) to enter on a breakout and a switch to normal bars. When the Bollinger Squeeze indicates a sideways market (Bollinger bands are inside the Keltner channel), the histogram bars change to thick blue ones.
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