Quote:
Originally Posted by nicvillk
Hi all,
I got the bbsqueeze from the forum.
Could anyone tell me the meaning for the color(green and red) at the middle.
Thx for your attention.
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hi ,
based on the book which named : bollinger on bollinger bands: bbsqueeze indicator shows the distance between the bollinger's upper and lower bands.
when indicator's color changes to red , it means the bearish trend and the higher red column means the distance between two bands in bearish trend get more .
in whole means , red shows the bearish trend and blue shows bullish trend.
Amazon.com: Bollinger on Bollinger Bands (9780071373685): John A. Bollinger: Books