Pivot — Let's not forget that we should also be aware of price in relation to the pivot points. As GCT has pointed out, trades that are triggered when price moves away from the pivot are often the higher probability trades. Idealy what we want ...

Pivot Point Squeeze, high probability system

Theory — Since this methodology is based on the Bollinger band squeeze concept, I would like to expound a little about the Bbsqueeze and how the Magenta dots are derived. This indicator actually uses the interaction between two indicators, the ...

Pivot Point Squeeze, high probability system

Oops — [quote=Fx97;1762010] Sorry, I missed attaching the template. Please find attached to this post. Bollinger is 18 for period, 2 for deviation, shift 0 and applied to the close. Hope that helps.

Pivot Point Squeeze, high probability system

Bbsqeezedemarker8 — GCTrader1 has made some mention of using a dynamic entry level trigger and is, I believe, currently working on the code for such for the IT Finance platform. In keeping with this concept, I have attempted to do the same ...

Pivot Point Squeeze, high probability system

Neves of steel — For those of us who pride ourselves with having nerves of steel, there is sometimes an early entry opportunity. On the Bbsqeezedemarker8 indicator when the Lime demarker line crosses the 0.2 or -0.2 level we can sometimes get ...

Pivot Point Squeeze, high probability system

Confirmation — The Bbhisto Green and Red dots can be used as a confirming indicator when it flips from one colour to the other. However, I find that this can be a bit of a lagging indicator and can sometimes put you into the trade a bit late. ...

Pivot Point Squeeze, high probability system

The trigger — So, let's pretend that we are in a Bollinger sqeeze. If we now closely watch the Lime coloured demarker line cross the waterline (the 0.0 line) of the Bbsqueezedemarker8 indicator - that is our trade entry. I have marked them ...

Pivot Point Squeeze, high probability system

The Squeeze — O.K as you have probably figured out right away, a Bollinger band squeeze is indicated by the Bbsqueezedemarker8 indicator when it prints a series of Magenta dots. I have marked them on the example chart with white triangles. ...

Pivot Point Squeeze, high probability system

MT4 Setup — I have been "out of the office" for a few days but am back for a little while before wrapping up (is that a pun?) for the holidays. Being a firm believer that there is beauty and genius in simplicity, I have tried to keep the ...

Pivot Point Squeeze, high probability system

Right on — Yes, I hear what you are saying - the ideal trigger level indicator would certainly be a dynamic trigger based on price action. In bollinger speak - we are looking for the beginning of the expansion ( increased volatility ) ...

Pivot Point Squeeze, high probability system

Hang on Snoopy Hang on - isn't that how the song goes? — Hi Colostar: Bear with me for a bit, I am just in the process of re-reading "Bollinger on Bollinger Bands". Have had a couple of aha moments and am applying them to the charts. I have a ...

Pivot Point Squeeze, high probability system

Hi GCT — I like your thinking and approach. As you are aware, I am bit by bit trying to replicate your approach for the MT4 platform, so far it is still a work in progress. I am at the same time trying to increase my very limited knowledge of ...

Pivot Point Squeeze, high probability system

Indicators — Here you go. Have fun. P.S. They are not originally my indicators - others have been kind enough to create them -I am just trying to adapt them to this methodology to the best of my limited abilities.

Pivot Point Squeeze, high probability system

Squeeze?? — Currently active bar starting to signal squeeze. Just noticing this as I am about to go out so will not be able to follow this into a possible trade signal, will have to look at it later in hindsite.

Pivot Point Squeeze, high probability system

Bandwidth histo MT4 — I have managed to modify the MT4 bandwidth to a histogram rather than a line just to mimic GCT's "look".

Pivot Point Squeeze, high probability system

MT4 — Hey Colostar, check out the following: url Look for the the Users guide under the support tab and the technical analysis tab for info on the indicators, etc. The following site may also be of use to you url . It takes a bit of time ...

Pivot Point Squeeze, high probability system

Analysis — O.K. let's have a look at the last trade. Bbsqueeze prints magenta dot at the waterline giving a heads up to an impending trade (a bollinger band sqeeze is forming). Bbhisto prints red dots indicating a possible short however, there ...

Pivot Point Squeeze, high probability system

A Bit of Hindsite — Just trying to analyse the last trade from a hindsite perspective. I have stacked the indicators a little differently than in my last post in order to get a bit better clarity. Bbhisto is now in a window of its own. ...

Pivot Point Squeeze, high probability system

MACD added — Here is a chart with MACD added for further filtering.

Pivot Point Squeeze, high probability system