BTCUSD - 1 hour chart SQUEEZE Indicator
Looking at BTCUSD on the 1 hour chart, there were two hourly squeezes that would have worked out nicely for potential trades.
Both squeezes fired off LONG and a subsequent large rally in BTCUSD was seen for nice gains.
Trade entry - after red dots turn gray (Squeeze ends)
Trade exit - at peak of histogram (histogram begins to trend lower; programmed to change color)
SQUEEZE active - RED dots
SQUEEZE not active - GRAY dots
SQUEEZE fires off - GRAY dot after 1 or many RED dots
Note: A squeeze is defined as the Bollinger Bands (BB) moving inside of the Keltner Channels (KC) for this indicator which shows low volatility in the price action and energy build up for a big move.
The SQUEEZE indicator I am using has 20 period EMAs for the BB and KC centers and 2.0 std dev and 1.5 multiplier for the BB and KC bands respectively (not shown on chart; only on indicator dots).
Happy Trading!
~KP
Both squeezes fired off LONG and a subsequent large rally in BTCUSD was seen for nice gains.
Trade entry - after red dots turn gray (Squeeze ends)
Trade exit - at peak of histogram (histogram begins to trend lower; programmed to change color)
SQUEEZE active - RED dots
SQUEEZE not active - GRAY dots
SQUEEZE fires off - GRAY dot after 1 or many RED dots
Note: A squeeze is defined as the Bollinger Bands (BB) moving inside of the Keltner Channels (KC) for this indicator which shows low volatility in the price action and energy build up for a big move.
The SQUEEZE indicator I am using has 20 period EMAs for the BB and KC centers and 2.0 std dev and 1.5 multiplier for the BB and KC bands respectively (not shown on chart; only on indicator dots).
Happy Trading!
~KP
Penafian
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