Here is a little additional adjustment to the BB Squeeze indicator for metatrader. I had some arrows coded so you can quickly see when the histogram starts to decline or rise. It is by no means meant to be used as an entry method but I know Carter used a two consecutive bars to exit a position but I find this too slow on the FTSE 100.
One bar could be used as an exit especially for those who like to exit in parts as the position develops. Or I have noticed on some markets (on a very quite look) that the first arrow is often false but the second a better indicator. So you could use the second arrow to exit a trade or enter a trader when you see a red arrow after a blue one when the histogram has been red for a while. Anyway it’s a nice take on the BB Squeeze indicators we already have in the free metatrader indicator download section.
Take a look and have a play.
You can download the indicator here BB Squeeze Indicator
BB Squeeze For NinjaTrader added to the indicator database.