
Alerts
- Squeeze ON alert
- Squeeze OFF alert
- If used in the pricepanel, the same alerts as the AT Bollinger and AT Keltner will also be fired
Signals (overlaying price panel)
When the indicator is shown overlaying the price panel it behaves like a Market Direction Indicator, and generates these signals:
Strong Long | When the Keltner and Bollinger signals are both Strong Long |
Weak Long | When at least one of the Keltner and Bollinger signals is Weak Long, and the other is not Short |
None | When the other conditions aren’t valid |
Weak Short | When at least one of the Keltner and Bollinger signals is Weak Short, and the other is not Long |
Strong Short | When the Keltner and Bollinger signals are both Strong Short |
Strength Signals (separate panel)
When the indicator is in a separate panel it behaves like a Strength Indicator, and generates these signals:
No Squeeze (1.0) | When the squeeze is not active |
Strong (0.75) | n/a |
Squeeze (0.5) | When the squeeze is active |
Weak (0.25) | n/a |
Zero (0) | n/a |
Settings
Bollinger NumStdDev | The number of standard deviations for the Bollinger Bands |
Bollinger Period | The number of bars for the Bollinger Bands to evaluate |
Keltner Multiple | The number of standard deviations for the Keltner bands |
Keltner Period | The number of bars for the Keltner Channel to evaluate |
Show Background | If checked the background will be colored during a squeeze |
Cloud Opacity | The opacity of the clouds |
Bollinger Cloud Color | The color of the cloud between the Bollinger bands |
Keltner Cloud Color | The color of the cloud for the Keltner Channel |
Plots | The plot styles for Bollinger Bands and Keltner Channel |