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DasanC
21 sep 2020 14:04

Squeeze Zone 

FX_IDC:XAUUSD240
GOLD / U.S. DOLLARICE

Beskrivning

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This script supports my previous post Empirical Suite

It automatically plots Support and Resistance levels on the chart during periods of volatility squeeze.
You have three plotting methods:
  • From High to Low
  • From Open to Close
  • Linear Regression (experimental)


The levels are color-coded:
*Red: weak, one-sided volatility squeeze
*Orange: typically strong, no volatility issue

You can have a double-red zone, where both buying and selling volatility has dropped.

Combine this with the Empirical Suite or your favorite
analysis tools for extra confirmation.

Cheers,
EFX

Versionsinformation

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Updated defaults
Removed poorly performing settings

Versionsinformation

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  • Upgrade to Pine V5
  • Choose your own colors for Zones!
  • Improved default settings
Support and ResistanceVolatilitysqueezesupportauto
Kommentarer
Prabhu_Narayanan
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Hi, I am old and it is difficult for me to clearly see the difference between the color "red" and "orange." Can you kindly change the orange color to green or something else please? The indicator seems to be good, but I have just started with the indicator and to know really well, the color change would really help! Hope you will...
DasanC
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@Prabhu_Narayanan, Updated so you can select your own colors now. Also changed the default colors so they have high contrast :thumbsup:
replacemyphonetoday
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When the indicator drops a straight line down. What is that?
LFGmoney
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Hi. Are you able to add an alert to this? Awesome script! TY!
Moda-877
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Could you add alert when bar
crossed the upper/lower line? Thank you!
Prabhu_Narayanan
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Hi, Please provide your contact details as I need you to work on my requirements regarding some indicators. Thank you.
Prabhu_Narayanan
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Hi, Awesome, Thank you for providing the option of changing the color as one likes. Nature Bless You!!!
Mer