BB Squeeze

Bbsqueeze 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 and the Standard Deviation of the Close price over the KELTNER_PERIOD bars. Then, we calculate the Linear Regression of the Simple Moving Average calculated in the first step, over the BB_PERIOD bars.

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.

Usage

• Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
• Copy it to your company VertexFX Local VTL Files folder i.e. C:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.