Bollinger ATR Squeeze

• 02/15/2023 at 12:18 PM #209738
  Alfy

  Good afternoon, ive created this indicator that shows when the Bollinger bands divided by Average true range are trading within 3-4 ATR, 2-3 ATR and below 2 ATR. Im looking to have dots all on the zero level with white dots when the bollingers are between 3-4 ATR, Green dots between 2-3 ATR and blue dots below 2 ATR and red dots at all other times. Can someone take a look at my code and see where its going wrong please? Im seeing the dots in a squeeze at the one level whilst the rest of the dots are at the zero level and the dots at the zero level are white and red whereas they should just be red since at those times the Bollingers are wider than 4 ATR. Any help much appreciated.

  Thanks in advance

  Bollinger ATR Squeeze

  a=Average[20](Close) // We define the standard deviation. StdDeviation = STD[20](Close) Bsup = a + 2 * StdDeviation Binf = a - 2 * StdDeviation B=AVERAGETRUERANGE [20] (CLOSE) C=(BSUP-BINF)/B Lowsqz=c=<4 and c>3 midsqz=c=<3 and c>2 highsqz=c=<2 If lowsqz then AcolorR = 255 AcolorG = 255 AcolorB= 255 else colorR = 255 colorG = 0 COLORB=0 endif If midsqz then BcolorR = 0 BcolorG = 255 BcolorB= 0 else colorR = 255 colorG = 0 COLORB=0 ENDIF If highsqz then CcolorR = 0 CcolorG = 0 CcolorB= 255 else colorR = 255 colorG = 0 COLORB=0 ENDIF Return MIDSQZ coloured (BCOLORR,BCOLORG,BCOLORB) as "mid sqz", HIGHSQZ coloured (COLORR,COLORG,COLORB) as "high sqz", LOWSQZ coloured (ACOLORR,ACOLORG,ACOLORB) as "LOW SQZ"

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  a=Average[20](Close) // We define the standard deviation. StdDeviation = STD[20](Close) Bsup = a + 2 * StdDeviation Binf = a - 2 * StdDeviation B=AVERAGETRUERANGE [20] (CLOSE) C=(BSUP-BINF)/B Lowsqz=c=<4 and c>3 midsqz=c=<3 and c>2 highsqz=c=<2 If lowsqz then AcolorR = 255 AcolorG = 255 AcolorB= 255 else colorR = 255 colorG = 0 COLORB=0 endif If midsqz then BcolorR = 0 BcolorG = 255 BcolorB= 0 else colorR = 255 colorG = 0 COLORB=0 ENDIF If highsqz then CcolorR = 0 CcolorG = 0 CcolorB= 255 else colorR = 255 colorG = 0 COLORB=0 ENDIF     Return MIDSQZ coloured (BCOLORR,BCOLORG,BCOLORB) as "mid sqz", HIGHSQZ coloured (COLORR,COLORG,COLORB) as "high sqz", LOWSQZ coloured (ACOLORR,ACOLORG,ACOLORB) as "LOW SQZ"

   

   

  

  Alfy

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  02/15/2023 at 12:56 PM #209741
  JS

  Hi Alfy,

  Try this one…

  Bollinger ATR Squeeze

  a=Average[20](Close) // We define the standard deviation. StdDeviation = STD[20](Close) Bsup = a + 2 * StdDeviation Binf = a - 2 * StdDeviation B=AVERAGETRUERANGE [20] (CLOSE) C=(BSUP-BINF)/B Lowsqz=c=<4 and c>3 midsqz=c=<3 and c>2 highsqz=c=<2 If lowsqz then DrawPoint(BarIndex,0,3)Coloured(255,255,255) //AcolorR = 255 //AcolorG = 255 //AcolorB= 255 else DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 endif If midsqz then DrawPoint(BarIndex,0,3)Coloured(0,255,0) //BcolorR = 0 //BcolorG = 255 //BcolorB= 0 else DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF If highsqz then DrawPoint(BarIndex,0,3)Coloured(0,0,255) //CcolorR = 0 //CcolorG = 0 //CcolorB= 255 else DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF Return //

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  a=Average[20](Close) // We define the standard deviation. StdDeviation = STD[20](Close) Bsup = a + 2 * StdDeviation Binf = a - 2 * StdDeviation B=AVERAGETRUERANGE [20] (CLOSE) C=(BSUP-BINF)/B Lowsqz=c=<4 and c>3 midsqz=c=<3 and c>2 highsqz=c=<2 If lowsqz then DrawPoint(BarIndex,0,3)Coloured(255,255,255) //AcolorR = 255 //AcolorG = 255 //AcolorB= 255 else DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 endif If midsqz then DrawPoint(BarIndex,0,3)Coloured(0,255,0) //BcolorR = 0 //BcolorG = 255 //BcolorB= 0 else DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF If highsqz then DrawPoint(BarIndex,0,3)Coloured(0,0,255) //CcolorR = 0 //CcolorG = 0 //CcolorB= 255 else DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF   Return //

  

  JS

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  02/15/2023 at 12:59 PM #209743
  Alfy

  Wow1 thanks for your help. It seems that only the mid squeeze is working..i have the green dots working fine but the rest of the dots are red which seems to suggest the white (wider sqz) and the blue (narrower sqz) are not being picked up.

  

  Alfy

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  02/15/2023 at 1:14 PM #209745
  JS

  Hi Alfy,

  Return the value of “C” and compare it with your colors…

  

  JS

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  02/15/2023 at 1:17 PM #209747
  Alfy

  I get the same as you so i see the green dots and the Blue dots but it seems that its not picking up the white dot wider squeeze which is C with values between 3 & 4. (Lowsqz=c=<4 and c>3) Really appreciate you help with this. Its almost perfect

  

  Alfy

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  02/15/2023 at 1:34 PM #209749
  JS

  Hi Alfy,

  Try this one…

  bb art squeeze

  a=Average[20](Close) // We define the standard deviation. StdDeviation = STD[20](Close) Bsup = a + 2 * StdDeviation Binf = a - 2 * StdDeviation B=AVERAGETRUERANGE [20] (CLOSE) C=(BSUP-BINF)/B Lowsqz=c=<4 and c>3 midsqz=c=<3 and c>2 highsqz=c=<2 If lowsqz then DrawPoint(BarIndex,0,3)Coloured(255,255,255) //AcolorR = 255 //AcolorG = 255 //AcolorB= 255 else //DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 endif If midsqz then DrawPoint(BarIndex,0,3)Coloured(0,255,0) //BcolorR = 0 //BcolorG = 255 //BcolorB= 0 else //DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF If highsqz then DrawPoint(BarIndex,0,3)Coloured(0,0,255) //CcolorR = 0 //CcolorG = 0 //CcolorB= 255 else //DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF If C > 4 then DrawPoint(BarIndex,0,3)Coloured("Red") EndIf Return //MIDSQZ coloured (BCOLORR,BCOLORG,BCOLORB) as "mid sqz", HIGHSQZ coloured (COLORR,COLORG,COLORB) as "high sqz", LOWSQZ coloured (ACOLORR,ACOLORG,ACOLORB) as "LOW SQZ"

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  a=Average[20](Close) // We define the standard deviation. StdDeviation = STD[20](Close) Bsup = a + 2 * StdDeviation Binf = a - 2 * StdDeviation B=AVERAGETRUERANGE [20] (CLOSE) C=(BSUP-BINF)/B Lowsqz=c=<4 and c>3 midsqz=c=<3 and c>2 highsqz=c=<2 If lowsqz then DrawPoint(BarIndex,0,3)Coloured(255,255,255) //AcolorR = 255 //AcolorG = 255 //AcolorB= 255 else //DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 endif If midsqz then DrawPoint(BarIndex,0,3)Coloured(0,255,0) //BcolorR = 0 //BcolorG = 255 //BcolorB= 0 else //DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF If highsqz then DrawPoint(BarIndex,0,3)Coloured(0,0,255) //CcolorR = 0 //CcolorG = 0 //CcolorB= 255 else //DrawPoint(BarIndex,0,3)Coloured(255,0,0) //colorR = 255 //colorG = 0 //COLORB=0 ENDIF   If C > 4 then DrawPoint(BarIndex,0,3)Coloured("Red") EndIf     Return //MIDSQZ coloured (BCOLORR,BCOLORG,BCOLORB) as "mid sqz", HIGHSQZ coloured (COLORR,COLORG,COLORB) as "high sqz", LOWSQZ coloured (ACOLORR,ACOLORG,ACOLORB) as "LOW SQZ"

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  Alfy

  

  JS

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  02/15/2023 at 1:39 PM #209753
  Alfy

  Wow JS! Thanks so much, works perfectly

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  JS

  

  Alfy

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