New Indicator: Squeeze Break Indicator

The request to convert the MT4 version of Squeeze Break Indicator to FST/FSB is completed by the Zuijaideai. Thanks for his contribution.

Squeeze Break.cs 19.23 kb, 168 downloads since 2010-02-23

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2 Reply by zenoni 2010-03-17 14:26:21

• Registered: 2009-10-25
• Posts: 334

Re: New Indicator: Squeeze Break Indicator

There is a problem in Squeeze break indicator. It is a trend and sideways market filtering indicator. Currently the Squeeze Break indicator is not filtering out short trades. If the short position is opened then it reverses the logic. In short positions the Squeeze break need to be > 0 instead of Squeeze Break < 0.

Open a new long position at the beginning of the bar when all the following logic conditions are satisfied:
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line is higher than the zero line; and
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line rises;

Open a new short position at the beginning of the bar when all the following logic conditions are satisfied:
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line is lower than the zero line; and
Squeeze Break* (20, 10, 2,0, 2,0); the Squeeze Break line falls;

3 Reply by zenoni 2010-09-10 05:30:15

• Registered: 2009-10-25
• Posts: 334

Re: New Indicator: Squeeze Break Indicator

Could somebody fix this powerful indicator for FSB/FST

This indicator is not like other indicators because it can filter trending and sideways markets.

4 Reply by zenoni 2010-09-10 14:24:46

• Registered: 2009-10-25
• Posts: 334

Re: New Indicator: Squeeze Break Indicator

At the present moment with the latest FST I can use logical groups.

Previously I have used long/short indicator together with squeeze break indicator — then it was traded only long or short.

Playing is quite unconvenient, because I like to use often this indicator. I thouht that I would get a bug-fix release of squeze break indicator.

Please see this: http://codebase.mql4.com/5520

hi Zenoni,

thought about it a bit, and tell me what you think — there is a possibility to filter short trades out by using FSB indicator Long or Short, and for short trades just use logical group. BTW, does FSB Squeese break indicator involve Momentum as in the original .mql indicator?

Источник https://forexsb.com/forum/topic/1370/new-indicator-squeeze-break-indicator/

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