PROTECTED SOURCE SCRIPT
Squeeze Zone
Updated
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:
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
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
Release Notes
Updated defaultsRemoved poorly performing settings
Release Notes
- Upgrade to Pine V5
- Choose your own colors for Zones!
- Improved default settings
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