Squeeze momentum indicator mtf series#

To get price movement that closely mimics the underlying asset, an investor could look at options with a delta of at least 0.70. Initially, an investor could buy ITM calls. In this scenario, with the histogram above zero, a bullish options strategy might make sense.įor example, an investor could consider legging in to a bullish call vertical spread.

Squeeze momentum indicator mtf series#

The first green dot after the series of red dots suggests the squeeze is on, and this market could be ready to move. Wealth and Investment Management Solutions.Meet the experts behind Schwab's investing insights.Environmental, Social and Governance (ESG) Investing.Bond Funds, Bond ETFs, and Preferred Securities.ADRs, Foreign Ordinaries & Canadian Stocks.Environmental, Social and Governance (ESG) ETFs.Environmental, Social and Governance (ESG) Mutual Funds.Benefits and Considerations of Mutual Funds.The histogram will suggest how strong the current trend is and will tell you when to exit a trade on the trend's weakening. The main idea behind this indicator is to establish trading ranges during the non-trending phase of the market ( blue squares) to enter on a breakout and a switch to red squares (trending phase).

If the squares are blue, the Bollinger bands are inside the Keltner channel, which suggests a flat sideways market.

If the squares are red, the Bollinger bands are outside the Keltner channel, which suggests that exchange rate is trending strongly.

The range of blue and red squares on the zero line indicate the current relationship between the Bollinger bands and the Keltner channel:

Falling momentum below the zero line (also downtrend) is marked with lighter red bars.Īdditionally, Bollinger Squeeze Basic offers an interesting volatility measure built into the main histogram.

Rising momentum below the zero line (downtrend) is marked with darker red bars.

Falling momentum above the zero line (also uptrend) is marked with lighter green bars.

Rising momentum above the zero line (uptrend) is marked with darker green bars.

The indicator uses the momentum to measure the trend's strength and direction:

TriggerCandle (default = Previous) - the candle to issue alerts on: Previous - the most recently closed candle or Current - the yet unfinished candle.

Notifications should be properly configured in MetaTrader via Tools->Options->Notifications.

EnablePushAlerts (default = false) - if true, MetaTrader's push notification alerts will be sent to your device upon the BB/Keltner arrows' change of color.

Email should be properly configured in MetaTrader via Tools->Options->Email.

EnableEmailAlerts (default = false) - if true, MetaTrader's email alerts will be sent on the BB/Keltner arrows' change of color.

EnableNativeAlerts (default = false) - if true, MetaTrader's native pop-up alerts will be used on the BB/Keltner arrows' change of color.

Momentum_Period (default = 12) - the period for the Momentum indicator.

Keltner_Factor (default = 1.5) - the Keltner channel multiplication factor.

Keltner_Period (default = 20) - the period for the Keltner channel indicator.

BB_Deviation (default = 2.0) - the Bollinger bands deviation parameter.

BB_Period (default = 20) - the period for the Bollinger bands indicator.

MaxBars (default = 300) - the maximum number of bars on the chart to apply the indicator to.

If you are interested in Bollinger Squeeze indicators, you might also be interested in an advanced version - Bollinger Squeeze Advanced.