Theres a few things that really get my back up and that is people copying others ideas and then SELLING IT as there own.
A well known commercial trading company are selling the Squeeze indicator for £295. If anyone had a bit of common sense they can get this from the Tradestation forums!
Well, I don't want people paying there hard earned cash so here it is for Tradestation. I use this to good effect on various timeframes and can work on any instrument.
Was developed by John Carter and features in his book. It's based on volatility and uses Bollinger bands and keltner channels and a momentum index oscillator. Your looking for quiet periods when the bollinger bands narrow in width to the point that they are actually trading inside the Keltner channels. This signals the market is taking a breather, building up steam for its next move. The trades signals when the bollinger bands then move back outside the keltner channels. The momentum oscillator is 12 period. If above 0 then go long if below go short.
The indicator combines the above. Red dots signify the contract is in a squeeze, blue dots signify that the bollinger bands have moved outside the keltner channles and volatility is increasing. Histogram measures moves momentum. Green bars on blue dots are long signals, and red bars on blue dots are short signals.
You should at least two red dots before considering a potential squeeze. Once a dot turns blue and closes blue for one, five minute period (if using 5min timeframe), then go long if the histogram is green and short if histogram is red.
Stay in the trade until momentum runs out on the histogram. This is indicated by the histograms failure to make a consecutive higher highs if long or consecutive lower lows of short.
p.s. trying to get file uploaded but keeps failing. Will keep trying
p.p.s cant upload but if anyone wants it for Tradestation then just PM
