This indicator is based on the strategy described in the book “Mastering the Trade” by John Carter. This is a completely revised version of the Squeeze_Break indicator, written by Des O’Regan.
Key improvements include the plotting of compression values (some changes in the calculation of BB/KC) on the zero line, and then smoothing the momentum value in the form of rising/descending positive/negative histogram. Thus, the result is an image that is simple for visual acceptability. Part of the code of the linear regression by Viktor Nikolaev (Vinin’s V_LRMA.mq4) is used for the smoothing of the histogram.
Originally this indicator has been written in MQL4 and was first published in the Code Base on 23.12.2015.
MT5 Indicator – Download Instructions
Squeeze RA V1 Metatrader 5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Squeeze RA V1 Metatrader 5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Squeeze RA V1 Metatrader 5 Indicator.mq5?
- Download Squeeze RA V1 Metatrader 5 Indicator.mq5
- Copy Squeeze RA V1 Metatrader 5 Indicator.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Squeeze RA V1 Metatrader 5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Squeeze RA V1 Metatrader 5 Indicator.mq5 is available on your Chart
How to remove Squeeze RA V1 Metatrader 5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator:
Squeeze RA V1 Metatrader 5 Indicator