Charming

Let’s suffer together. (Complimentary phonk music at the end.)

Can a squeeze have predicting power about the direction of an impending break?

We are working with 3 different colors, Blue, Red, and Orange to express the strength of a squeeze.

The green arrows are Downgrades, meaning a squeeze is starting to unravel. The period arriving at the arrow is where the shape of the 30 sample BB comes into the picture. There are two vectors (rate of change), the upper and the lower, and there is always one that is the preferred side based on how narrowly it is closing up on the price. The yellow ones are the steeper vectors highlighting the path of the preferred route. There are examples when the price goes after the wrong vector first, but then no break out would occur, just a more pronounced high / low gets made.

 if (iBands(symbol,0,18,1,0,PRICE_CLOSE,MODE_UPPER,i)<upper[i] && iBands(symbol,0,18,1,0,PRICE_CLOSE,MODE_LOWER,i)>lower[i]) 
      { ObjectCreate("PLOT"+i,OBJ_TEXT, indicator_window, Time[i], 8.5);
        ObjectSetText("PLOT"+i, CharToStr(108), 16, "WingDings", clrDarkBlue);
      }
     
      
      if (iBands(symbol,0,18,1.4,0,PRICE_CLOSE,MODE_UPPER,i)<upper[i] && iBands(symbol,0,18,1.4,0,PRICE_CLOSE,MODE_LOWER,i)>lower[i]) 
      { ObjectCreate("PLOT"+i,OBJ_TEXT, indicator_window, Time[i], 8.5);
        ObjectSetText("PLOT"+i, CharToStr(108), 16, "WingDings", clrRed);
      }
      
       if (iBands(symbol,0,18,1.8,0,PRICE_CLOSE,MODE_UPPER,i)<upper[i] && iBands(symbol,0,18,1.8,0,PRICE_CLOSE,MODE_LOWER,i)>lower[i]) 
      { ObjectCreate("PLOT"+i,OBJ_TEXT, indicator_window, Time[i], 8.5);
        ObjectSetText("PLOT"+i, CharToStr(108), 16, "WingDings", clrOrange);
      }

The RSI2 is there to deal with the momentum part and can help with figuring out the possible length / terminal nature (one or more legs to follow) of the break.

This was a starter. French Elections on Sunday.

After a 60% month, I am so close to taking the lead that I can almost feel the detest of it.