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Bollinger Band Squeeze
VolatilityDetects when Bollinger Bands squeeze inside Keltner Channels, signaling low volatility, and fires a signal when the squeeze releases.
How It Works
The indicator overlays Bollinger Bands and Keltner Channels. When the BB upper band is inside the KC upper band AND the BB lower band is inside the KC lower band, a "squeeze" is active (shown as colored dots). When bands expand back outside the KC, the squeeze releases. The momentum histogram shows the direction of the breakout.