Skip to content

Forex Squeeze Indicator

    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 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.