Thread: Bbsqueeze - VertexFX Indicator

eze is a powerful VertexFX client side VTL oscillators that gives excellent buy and sell entries in cyclical markets.
As the name suggests, this indicator is comprised of Bollinger Bands (BB), Keltner Channels (KC) and Average True Range (ATR) indicators.
The concept behind the indicator is to capture the turning points in cyclical markets and the strength of the trend. The magnitude of the indicator is the strength of the trend, and the change in direction indicates the market turning point.
In the first step, we calculate the Simple Moving Average over the recent BB_PERIOD bars of the Close price. In the next step, we calculate the Average True Range and the Standard Deviation of the Close price over the KELTNER_PERIOD bars. Then, we calculate the Linear Regression of the Simple Moving Average calculated in the first step, over the BB_PERIOD bars.
The indicator value is the difference between standard deviation and the Linear Regression multiplied by the Average True Range.
BUY - Enter BUY when the indicator has turned maroon and is below the zero level.
SELL - Enter SELL when the indicator has turned dark red and is above the zero level.<span style="color: rgb(51, 51, 51); background-color: rgb(250, 250, 250);">