Forex Squeeze Indicator
The forex squeeze indicator is based on a trading strategy found in the book Mastering the Trade, written by john Carter.
The indicator moves between -0.422 (extremely bearish) and 0.1611 (extremely bullish).
Buy signal: Go long at the first blue bar.
Sell signal: Go short at the first red bar.
Use in conjunction with an oscillator (stochastic, momentum, macd) to pinpoint your entry and exit levels.
Currency pairs: any
Time frames: any
Trading sessions: any
Configurable Indicator Options
Bar colors, …
EUR/USD Weekly Chart Example