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-- look at the attached image, if this is what you're looking for, be my guest and take it. -- the picture should be able to show how it's used also.
I found the bbsqueeze indicator here and made some enhacements to show when it's about to loose momemtum. Remember -- 2 darker bars in a row is your exit signal!
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.
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.
Linear Mode
