The Forex squeeze indicator for MT4 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) and provides solid trading signals for any trading instrument.
Trading Signals
Buy signal:
Go long at the first blue bar.
Sell signal:
Go short at the first red bar.
Trading Tips
Use in conjunction with an oscillator (stochastic, momentum, MACD) to pinpoint your entry and exit levels.
Indicator Preferences
Currency pairs: any
Time frames: any
Trading sessions: any
Download
Download the squeeze_v1.mq4 indicator.
Configurable Indicator Options
Bar colors
EUR/USD Weekly Chart Example
How to install the Forex Squeeze custom indicator in Metatrader 4?
- Download the squeeze_v1.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.