When the volatility increases, so does the distance between the bands, conversely, when the volatility declines, the distance also decreases.
It then starts to build up energy to shift to a trending market. The red dots along the horizontal axis indicate that the stock is 'squeezing' out the last bit of consolidation from a period of sideways price action. This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4. The Squeeze indicator measures the relationship between two studies: Bollinger Bands and Keltner's Channels. This colorful indicator is displayed as histogram bars above and below a horizontal axis. Lastly, choose your desired aggregation period for the scan. squeeze dots actually work on ThinkorSwim mobile. Type TTMSqueeze ().SqueezeAlert 0 into the script editor. I was able to fix the code on the original Squeeze Pro indicator made by. Select the thinkScript editor tab and delete the ADXCrossover code from the window.
if someone could help that would be great. This will bring up the Scanner Custom Filter dialog.
But I am getting stuck, I know there are other squeeze detectors out there but this one is simple and I can adjust the length and convergence factor with inputs.
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