Re: Pressure zone
by GideonHanekom
» Sun May 06, 2012 6:04 am
Thank you for reply. Attached is a partial decompilation of
the EX4 file to MQ4. Unfortunately I do not have a full version
decompiler.
The indicator though is similar to the TTM squeeze indicator, which, as you can see from the attached picture makes a red line or dots when bollinger bands track inside the keltner channel. This is a squeeze and a breakout from the range the currency is trading in will soon occur when the middle line changes from red to blue. The rest of the up and down lines are essentially created by oscillation.
You probably already have this indicator but may call it something else.
Much appreciated
Regards
The indicator though is similar to the TTM squeeze indicator, which, as you can see from the attached picture makes a red line or dots when bollinger bands track inside the keltner channel. This is a squeeze and a breakout from the range the currency is trading in will soon occur when the middle line changes from red to blue. The rest of the up and down lines are essentially created by oscillation.
You probably already have this indicator but may call it something else.
Much appreciated
Regards
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