Keltner | Bollinger | Squeeze

Percent B (%B), it's derivation Percent K (%K) and squeeze indicator combined in one.


blue line = bollinger %
orange line = keltner %
red background = squeeze*

squeeze = bollinger bands are inside (encapsulated by) keltner channel

Notes de version:

Fixed squeeze calculation.

Notes de version:

Added scaled RSI indicator - let's call it rsi_2 - which is calculated in following way:

> rsi_2 = (rsi / 100) - 0.5

RSI is now plotted as histogram, where

• green color = overbought / oversold market
  
• red color = normal
  

* This indicator was created primarly for my own purposes, all comments and suggestions are welcome.

Notes de version:

Added smoothing parameter to %B and %K.

Note: Indicator works best with 30min+ time-frames.