New BB Squeeze Indicator

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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

Updated 19/03/2010

BB Squeeze For NinjaTrader added to the indicator database.

8 Responses

  1. Neal Vanderstelt says:

    Very nice and simple indicator. bbsqueeze is one of my favorites.

  2. waheed says:

    how to download this indicator, there is no download option for ninja
    thank you for your cooperation

  3. Jason says:

    no this indicator is not available for NinjaTrader yet.

    You can always download a version of Metatrader and use it on that.

    http://www.greattradingsystems.com/free-metatrader-4-indicators/

  4. Jason says:

    Update: NinjaTrader Version added

    BB squeeze For NT

  5. Leigh says:

    Had a look around most of the site and just want to say how refreshing it is to find some real useful information and honest information. Thank you very much

  6. Jason says:

    I am glad you like it. Please feel free to tell your fellow traders on any forums you visit. Taking on spamming/fx robots sites its getting harder and harder. And we really want to get the good honest information out there for free.

    Also watch out for MT5 metatrader indicators coming in 2011 as well as free trading eBooks and more articles and hopefully some more trading system reviews.

  7. Kerry says:

    It would be great to have an audible alert for this as I am unable to be at my computer all the time to see arrows. I am trialling this at present and prefer it to the other versions.

  8. GreatTradingSystems says:

    I am sure there is someone reading this who can add an alert for you.

    Maybe share with them how you are using it and give them an incentive to code it for you:-)

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