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Squeeze Momentum Indicator mod#3

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This is a corrected version of Squeeze Indicator that initially was authored by LazyBear and modified by KıvanÇ fr3762 (twitter)
Indicator description: forextrading-pips.com/squeeze-indicator/

Interpretation:
When both the upper and lower Bollinger Bands go inside the Keltner Channel, the squeeze is on.
When the Bollinger Bands (BOTH lines) start to come out of the Keltner Channel, the squeeze has been released (off).
When one of the Bollinger Bands is out of Keltner Channel, no highlighting is done.

List of all my indicators: tradingview.com/u/capissimo/

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.