Bollinger Squeeze Basic Indicator for MT4 - Free [TFlab]

The Bollinger Squeeze Basic Indicator MT4 identifies periods of low volatility (the “squeeze”) when Bollinger Bands contract within the Keltner Channel, signaling a high likelihood of an imminent price breakout.


You can download it from this link:

https://cdn.tradingfinder.com/file/4...4-by-tflab.zip

You can also access the MetaTrader 5 version of this Indicator through this page:

https://www.forexfactory.com/thread/...r-for-mt5-free

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader

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Indicator Overview

1. Platform: MetaTrader 4
2. Purpose: Detects volatility compressions and potential breakouts using momentum visualization
3. Visual Cues: Shows squeeze activation and momentum strength via dots and colored oscillator bars

How It Works

1. Squeeze Phase:
   1. Blue dots mark when Bollinger Bands are inside the Keltner Channel—signaling low volatility and potential trend initiation
   2. Red dots indicate no squeeze conditions

   
   

2. Momentum Signals:
   1. Green histogram bars represent rising bullish momentum
   2. Red histogram bars denote intensifying bearish pressure

   
   

Uptrend Example
On a 1‑hour XRP chart, blue squeeze dots appear, followed by green bars crossing into positive territory—highlighting a favorable buy opportunity.

Downtrend Example
In a 4‑hour GBP/CAD chart, blue squeeze dots coincide with red histogram bars below zero, indicating growing bearish momentum and a potential sell entry.


Settings & Alerts

1. Bollinger Bands Period & Deviation: Defines volatility envelope
2. Keltner Channel Period & Factor: Customizes volatility threshold
3. Momentum Period: Sets momentum sensitivity
4. Alerts: Includes text and audio alerts when squeeze or momentum signals occur

Conclusion

The Bollinger Squeeze Basic Indicator effectively combines volatility compression and momentum validation to identify breakout opportunities. It is ideal for traders focused on intraday volatility shifts and trend momentum.