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:
BollingerBands
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.
Common
Source - setting of the indicator calculation parameters:
- Open
- High
- Low
- Close
- Volume
Drawing
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.
Color
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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