Squeezer

[caglebagle 10]

Here's a little indicator I coded a while back which displays the upper and lower band values when a bollinger band squeeze is on. The price lines disappear when the bands exit the squeeze. The idea is to place an entry bracket at price lines in anticipation of the breakout. Hope someone finds it useful.

 

inputs:
BollingerPrice( close),
bbLength( 13 ),
NumDevsUp( 2 ),
NumDevsDn( -2),
Displace( 0 ) ,
kPrice( Close ), 
kLength( 13 ), 
NumATRs( 1.5 ),
Plotbb(false); 

variables:
bbAvg( 0 ),
kAvg(0),
SDev( 0 ),
bbLowerBand( 0 ),
bbUpperBand( 0 ), 
Shift( 0 ),
	kLowerBand( 0 ), 
kUpperBand( 0 ),
decimals(autodecimals),
rndbbupperband(0),
rndbblowerband(0);


{bb}
bbAvg = AverageFC( BollingerPrice, bbLength ) ;
SDev = StandardDev( BollingerPrice, bbLength, 1 ) ;
bbUpperBand = bbAvg + NumDevsUp * SDev ;
bbLowerBand = bbAvg + NumDevsDn * SDev ;
{kc}
kAvg = AverageFC( kPrice, kLength ) ;
Shift = NumATRs * AvgTrueRange( kLength ) ;
kUpperBand = kAvg + Shift ;
kLowerBand = kAvg - Shift ;
{bb}
If plotbb=true then begin	
if Displace >= 0 or CurrentBar > AbsValue( Displace ) then 
begin
Plot1[Displace]( bbUpperBand, "UpperBand" ) ;
Plot2[Displace]( bbLowerBand, "LowerBand" ) ;
Plot3[Displace]( bbAvg, "MidLine" ) ;
end;
{kc}
if Displace >= 0 or CurrentBar > AbsValue( Displace )  then 
begin
Plot4[Displace]( kUpperBand, "UpperBand" ) ;
Plot5[Displace]( kLowerBand, "LowerBand" ) ;

end;
end;

If bbUpperBand<=kUpperband or bbLowerband>=klowerband then begin
setplotcolor(1,yellow);
setplotcolor(2,yellow);
end;	

if lastbaronchart then begin

value1=TL_new(currentdate, currenttime+5, bbUpperband, currentdate, currenttime+5, bbUpperband);
value2=TL_new(currentdate, currenttime+5, bbLowerband, currentdate, currenttime+5, bbLowerband);

TL_SetExtRight(1, true);
TL_SetExtRight(2, true);


TL_SetStyle(1, tool_solid);
TL_SetStyle(2, tool_solid);



TL_SetColor(1, yellow);
TL_SetColor(2, yellow);


TL_SetSize(1, 0);
TL_SetSize(2, 0);


rndbbupperband=roundinst(bbupperband);
rndbblowerband=roundinst(bblowerband);
value3=Text_New(Date, time, 0, numtostr(rndbbupperband,decimals));

Text_SetLocation(1, currentDate, currenttime+5, bbupperband);
Text_SetColor(1, green);

value4=Text_New(Date, Time, 0, numtostr(rndbblowerband,decimals));
Text_SetLocation(2, currentDate, currenttime+5, bblowerband);
Text_SetColor(2, red);
If  bbUpperBand>=kUpperband or bbLowerband<=klowerband then begin
TL_Delete(1);
TL_Delete(2);
Text_Delete(1);
Text_Delete(2);
end;




end;

 

Let me know if you have any issues. Squeezer.eld is the indicator. Auto Decimals.eld and RoundInst.eld are functions referenced in the indicator.

 

JC

SQUEEZER.ELD

AUTO DECIMALS.ELD

ROUNDINST.ELD

Edited August 13, 2009 by caglebagle

[caglebagle 10]

Here's a pic.

This indicator is made to be used in conjunction with the BB Squeeze indicator FWIW.

 

JC

[ajax358 10]

<ajax> JC.....copied & pasted in EasyLanguage......it would not verify, as sadi a "word" was not coorect.....hmmmm. Can ya post the "ELD" for it???....thx JC....

[ajax358 10]

TS would not "verify" when hi tthat button in last pahse of making the indicator in Easy Language...... ajax

[caglebagle 10]

k.....ELD posted. Let me know if you get it working....It verified for me. I'm using 8.6 build 2612 fwiw

[ajax358 10]

k.....using same Build.....so will test it now....thx again JC.....

[caglebagle 10]

K.....the functions needed for the indicator are posted now. That should solve it. :crap:

 

JC

[caglebagle 10]

I found another squeeze related indicator that I coded a while back. This one is a paintbar indicator and paints the bars when a squeeze is entered. It works well with the above indicator and the BB Squeeze indicator.

 

JC

SQUEEZRPB.ELD

Edited August 13, 2009 by caglebagle

[N57H 10]

Hi, Thanks for the indicator.

 

What should be the inputs for the keltner and bollinger bands?

 

Isn't it should be 20?

[caglebagle 10]

The default settings for the standard BB Squeeze are:

bblength 20

NumDevsUp 2

NumDevsDn 2

Displace 0

kLength 20

NumATR's 1.5

nk 1.5

 

Hope this helps..

JC

[ajax358 10]

I found another squeeze related indicator that I coded a while back. This one is a paintbar indicator and paints the bars when a squeeze is entered. It works well with the above indicator and the BB Squeeze indicator.

 

JC

 

Thx JC.....will load it up & backtest it & test it live tomorrow. Good work, looks great!!......ajax

[N57H 10]

Thanks a lot!

 

It looks great

[N57H 10]

Hi,

 

It does not run on live...

 

What should i do?

 

Thanks

[caglebagle 10]

Make sure a squeeze is occurring or else the price lines will not be drawn. This is intentional. Try changing the plotbb setting to true to check if it's working. Also be sure you also installed the necessary function elds.

 

JC

[ajax358 10]

ya JC.....I loaded it fine....but it did not show on the charts on Friday.....will do the above & make sure the settings are correct. Thanks for the efforsts....

[caglebagle 10]

You may need to add some space to the right side of the chart....try 20 bars or so....:missy:

 

JC

[ajax358 10]

JC.....thx.....but still can't get it to show on the charts, tho see it in there on the list. So, any other suggestions to make it visible would be much appreciated. When ya have time, no hurry. Thx again.....ajax

[caglebagle 10]

You won't see anything until the keltners enter the bb's unless you turn the bands on. The lines disappear once the keltners exit. Try turning the bands on just to check if it's displaying.

 

JC

[ajax358 10]

You won't see anything until the keltners enter the bb's unless you turn the bands on. The lines disappear once the keltners exit. Try turning the bands on just to check if it's displaying.

 

JC

 

thx JC....will try that ....

[caglebagle 10]

All I can think of is to try reinstalling it from the .eld file or maybe try placing carets around the the Tl_delete and text delete commands at bottom of code......this will force the price lines to always be displayed. It's been working on my machine with version 8.6, so I'm not really sure why it's misbehaving.

 

Hope it helps,

JC

:missy:

[ajax358 10]

thx....will try it too, & await what you find.....still not working.....but try more I will.....thx for the help....