The Bollinger Band Squeeze is a trading strategy designed to find consolidations with decreasing volatility. In its simplest form, this strategy is neutral and the ensuing break can be up or down. Traders, therefore, must employ other aspects of technical analysis to formulate a trading bias to act before the break or confirm the break. Acting before the break will improve the risk-reward ratio.
In this indicator the Bollinger Band Squeeze is paired with an Oscillator of a Moving Average as momentum.
Be aware of the changes made to the setups for the Keltner Channels. It´s just for filtering out to many setups.