Have been testing John Carter's Squeeze indicator for months now & results are encouraging. As my T/A platform did not have the most recent version of the squeeze I ended up changing the javascript to support all 3 types of compressions (ie: low,mid,high). I find if their is other T/A to support the entry with the squeeze the results are better. All comments are welcome but if you using the indicator that's even better. (only for education)
Chart 1 - BPT Displaying a high & mid sq(squeeze). The squeeze is inside a ascending triangle (using Bulkowski id characteristics). Small 3 swing corrective structure after the mar high. BB bands are diverging. price range expansion broke the upper band. macd line crossed the signal line & above the zero line. Entry today on the break of the triangle.
BPT Price at posting:
$1.67 Sentiment: Buy Disclosure: Held
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