PRC_Squeeze Light – As shadow in the chart behind the candle

jonpt88 · 2022-10-16T20:32:54+00:00

I was wondering if it would be possible to change the form of the “PRC_Squeeze Light” indicator from oscillator to a shadow behind the candle in question itself. Similar to the alpha-trend ” volatility squeeze” signal. Is that possible? I appreciate the signal will not coincide the idea is just the design.

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10/16/2022 at 9:32 PM #202636 quote

jonpt88
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I was wondering if it would be possible to change the form of the “PRC_Squeeze Light” indicator from oscillator to a shadow behind the candle in question itself. Similar to the alpha-trend ” volatility squeeze” signal. Is that possible? I appreciate the signal will not coincide the idea is just the design.

Docs20Guide20Fakout2.png

10/17/2022 at 8:24 AM #202654 quote
Nicolas
Keymaster

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Here is the modified code with the color fill between the bollinger bands in case of “Squeeze Light”:
```
//PRC_Squeeze Light | indicator
//07.11.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

// --- settings
bolPrd=21
bolDev=2.0
keltPrd=20
keltFactor=1.5
// --- end of settings

diff = averagetruerange[keltPrd]*keltFactor
stdd = std[bolPrd](close)
bbs = bolDev*stdd/diff

if bbs<1 then
alpha=100
else
alpha=0
endif
colorbetween(average[bolprd]+boldev*stdd,average[bolprd]-boldev*stdd,"crimson",alpha)

return
```
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squeeze-light.png
10/17/2022 at 9:45 AM #202667 quote

jonpt88
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Thank you Nicholas – this is so beautiful addition :), and I am honoured for your reply . You are truly the legend of this forum. Mercy Beaucoup!

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