Squeeze Indicator with Smoothed Momentum Histograms

Summary

This MetaTrader 4 indicator adapts a squeeze approach associated with John Carter’s trading work and an earlier squeeze-break indicator. It plots squeeze values derived from Bollinger Band and Keltner Channel calculations around a zero line, while displaying momentum as smoothed positive or negative histograms. The smoothing incorporates linear regression code from another indicator.

The document describes a presentation-focused modification intended to make changes in momentum easier to read. It does not specify the band and channel settings, give entry or exit rules, or provide performance results. The version has no alerts and does not expose adjustable inputs, so users cannot tune its parameters through the indicator. The brief note and a reference to a daily chart offer little evidence for judging its behavior across markets or timeframes.

Key ideas

• The indicator combines squeeze values based on Bollinger Bands and Keltner Channels.
• It places squeeze readings around a zero line and displays momentum as smoothed histograms.
• The smoothing uses linear regression code from another indicator.
• This version has no alert function or user-adjustable inputs.
• The document gives no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.