Bollinger Squeeze

Modified on Mon, 08 May 2023 at 07:13 PM

Bollinger Squeeze - this indicator is based on the BollingerBands and KeltnerChannel indicators. The histogram reflects the relative difference between the KeltnerChannel and BollingerBands widths.

How the indicator looks like in the chart:

The BollingerBands and KeltnerChannel indicators are added to the chart for illustrative purposes.

The indicator has the following parameters:


Period - period of the BollingerBands indicator.

Channel width - setting of the channel width of the BollingerBands indicator.

Keltner Channel

Period - period of the KeltnerChannel indicator.

Offset multiplier - setting the coefficient, which changes the Keltner Channel width.


Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume


Panel - selection of the indicator location in the chart:

  • New panel
  • Chart

High Ratio, Low Ratio.

Show value - showing the indicator value on the price scale.

Show zero values - showing zero values.

Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator will be accommodated in the chart.


Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

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