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Squeeze Momentum Indicator mod#3

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This is a corrected version of Squeeze Indicator that initially was authored by LazyBear and modified by KıvanÇ fr3762 (twitter)
Indicator description: forextrading-pips.com/squeeze-indicator/

Interpretation:
When both the upper and lower Bollinger Bands go inside the Keltner Channel, the squeeze is on.
When the Bollinger Bands (BOTH lines) start to come out of the Keltner Channel, the squeeze has been released (off).
When one of the Bollinger Bands is out of Keltner Channel, no highlighting is done.

List of all my indicators: tradingview.com/u/capissimo/

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.