BB Squeeze Indie - Help

Hi,

I was wondering if anyone can help with this indicator, we have some code, but it does not work.

It is required for breakout with a squeeze, GCTrader1 has this running IG/CMC charting software, but we would like this coded for MT4 if possible.

This is the code and from this thread:

If anything is required, then please do advise and I will help/provide where I can.

http://www.forexfactory.com/showthread.php?t=57426

Thanks,
Guess

trigger = undefined

rem This is the buy setup which detects when the bollinger bandwidth(with number of periods equal to B) has made a new low followed by an increase in bandwidth below the trigger line(L) and the MACD is trending up.


if (round((BollingerBandWidth[b](close))*10000)-((BollingerBandWidth[b](close[1]))*10000))>=1 and BollingerBandWidth[b](close[1])<L and round((MACDline[5,13,1](close)))>round((MACDline[5,13,1](close[1]))) then

trigger =1

endif

rem This is the exit setup which detects a turnaround in the MACD histogram. The turnaround threshold is determined by A

if abs((round(MACDline[5,13,1](close[1])))) - abs((round(MACDline[5,13,1](close))))>=A then

trigger = 0

endif

rem This is the short sell setup which detects when the bollinger bandwidth has made a new low followed by an increase in bandwidth below the trigger line and the MACD is trending down.


if (round((BollingerBandWidth[b](close))*10000)-((BollingerBandWidth[b](close[1]))*10000))>=1 and BollingerBandWidth[b](close[1])<L and round((MACDline[5,13,1](close)))<round((MACDline[5,13,1](close[1]))) then

trigger =-1

endif

rem This is the exit setup which detects a turnaround in the MACD histogram. The turnaround threshold is determined by A

if abs((round(MACDline[5,13,1](close[1])))) - abs((round(MACDline[5,13,1](close)))) >= A then

trigger = 0

endif





PP = (DHIGH(1) +DCLOSE(1) + DLOW(1))/3

rtwo=(pP+dhigh(1)-dlow(1))

rone=(pP*2)-dlow(1)

sone=(pP*2)-dhigh(1)

stwo=pP-dhigh(1)+dlow(1)

rem P is the pivot point deviation

PIVOT = P

if TRIGGER = 1 and ((medianprice<(PP + PIVOT) AND medianprice>(PP - PIVOT)) OR (medianprice<(SONE + PIVOT) AND medianprice>(SONE - PIVOT)) OR (medianprice<(STWO + PIVOT) AND medianprice>(STWO - PIVOT))) THEN

BUY 1 SHARES AT MARKET REALTIME

ENDIF

IF TRIGGER = 0 THEN

SELL 1 SHARES AT MARKET

ENDIF

if TRIGGER = -1 and ((medianprice<(PP + PIVOT) AND medianprice>(PP - PIVOT)) OR (medianprice<(RONE + PIVOT) AND medianprice>(RONE - PIVOT)) OR (medianprice<(RTWO + PIVOT) AND medianprice>(RTWO - PIVOT))) THEN

SELLSHORT 1 SHARES AT MARKET REALTIME

ENDIF

IF TRIGGER = 0 THEN

EXITSHORT 1 SHARES AT MARKET

ENDIF

guess121,

I too would love to see this indi work on MT4 - its one of the best I've seen!
Maybe someday someone who knows codding will realize what a great indi it can be

If you ever get it to work, would you mind sharing it on gctraders thread?...

It is a lot of work. After looking at Alexish's code, it would have to be completely rebuilt.

I would say its better than the TTM indicator though.