Bbsqueeze indicator
is a powerful VertexFX client side VTL oscillators that gives excellent buy and
sell entries in cyclical markets. This indicator is comprised
from Bollinger Bands (BB), Keltner Channels (KC) and Average
True Range (ATR) indicators.
The concept behind
the indicator is to capture the turning points in cyclical markets and the
strength of the trend. The magnitude of the indicator is the strength of the
trend, and the change in direction indicates the market turning point.
At first step, we
calculate the Simple Moving Average over the
recent BB_PERIOD bars of the Close price. In next step, we calculate
the Average True Range
Then, we calculate
the Linear Regression of the Simple Moving Average calculated in the first
step, over the BB_PERIOD bars.
The indicator value
is the difference between standard deviation and the Linear Regression
multiplied by the Average
True Range
Buy: Place Buy
position when the indicator has turned maroon and is below the zero level.
Sell : Place Sell position when the indicator has turned dark red and is above the zero level.
To use Bbsqueeze indicator
download it from here, then place it at VertexFX VTL directory:
C:\ProgramData\VertexFX
Client Terminals\"Company name"\VTL10\Local VTL Scripts
Then right click on
the tree and select refresh or restart your client station and you will find
under VTL local scripts in your client
terminal.
You can check this
video that talks about Bbsqueeze indicator: