HILo Ema Double Squeeze Bands

This indicator is a variation of "HiLo Ema squeeze bands".
It brings out the best of donchian & ema to identify price squeeze before a big move as well as gives support resistance and predict price targets(explained below)

The ema gets initialised at every new high or low. The upper ema tracks the highs and lower ema tracks the lows. The priced range between upper and lower is divided into 4 equal zones by these lines
upper2
upper1
middle
lower1
lower2

In principle you would use this similar to a donchian channel except the ema provides a trend much better than donchian

Settings has option to switch off either short or long ema bands

Predicting price targets:
When a price break out of upper2 level, price may reverse when upper1 or middle aligns with previous level of upper2
When a price break below of lower2 level, price may reverse when lower1 or middle aligns with previous level of lower2

Recommended settings :
200,1000 works very well for me on most timeframes and symbols.