About Scanner:
Scanner is obtainable right here:
https://www.mql5.com/en/market/product/81656/
BB Squeeze Scanner makes use of bbsqueeze.ex4 in background to calculate when BB Squeeze (Bollinger Bands Squeeze) occurs and when BBands increase.
It’s hooked up with this weblog submit.
What’s Bollinger Bands Squeeze:
The Bollinger bands squeeze is a particular sample when the volatility of a market decreases after trending intervals.
It’s usually noticed the value is ranging throughout this era till a brand new pattern begins and the volatility will increase once more.
To determine this sample, we use the Keltner channels.
And search for the second the place the Bollinger bands are between the higher and decrease bounds of the Keltner channels.
You may learn extra about Bollinger bands and Keltner Channels calculations right here:
Settings:
Scanner particular settings and Alert settings:
You may examine all Abiroid Scanner Widespread settings on this weblog submit:
https://www.mql5.com/en/blogs/submit/747456
Bollinger Bands and Keltner Settings:
Shift: Beginning bar to scan
Notice: Shift 0 means present bar which remains to be forming. And whereas value strikes, the BB Squeeze values may change and also you may get a number of alerts.
So, if you’d like it non-repainting, hold Shift 1.
Max Previous bars: Most bars to scan
If BB Squeeze purple or inexperienced has continued from earlier than Max Previous bars, then scanner will present bracket worth as (+)
Refresh After Ticks:
Scanner will refresh each new bar, and after each given variety of ticks.
How Squeeze is calculated:
Bollinger and Keltner settings are used to calculate the Bollinger Bands and Keltner channels.
And if bollinger bands are inside Keltner channels, then BB Squeeze is purple. That means value is ranging.
If Boll bands are outdoors Keltner channels, then BB Squeeze is inexperienced. That means volatility is excessive:
Above picture reveals the histogram from bbsqueeze.ex4
It reveals all components that the dashboard will show.
The Histogram is Blue for when value is Trending upwards and Up pattern is rising. Darkish blue reveals that pattern is slowing and ending quickly.
It’s Pink for when value is Trending downwards and Down pattern is growing. Maroon reveals that down pattern is ending quickly.
And the scanner will present all these values like this:
Finest Trades:
In case you are following a Pattern based mostly technique, attempt to make it possible for timeframe you might be buying and selling and subsequent increased timeframes are aligned with Inexperienced background.
That means no BB Squeeze and volatility is excessive. Finest time is when No squeeze (Inexperienced) has simply began a number of bars again. And value pattern Up/Down has additionally simply began.
So, make it possible for Arrow doesn’t point out that pattern is slowing. That means arrows are usually not Darkish Blue or Maroon.
This scanner is a validation device. Finest used along with your present pattern based mostly technique. To offer to you the very best occasions to commerce.
As a result of completely different buying and selling pairs might be extra energetic throughout completely different occasions of the day.
It is not for use as a standalone technique.
