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Bollinger Squeeze Basic
//+------------------------------------------------------------------+
//| Bollinger Squeeze Basic.mq4 |
//| Copyright © 2025 Wolfforex.com|
//| https://www.wolfforex.com |
//+------------------------------------------------------------------+
#property copyright "www.Wolfforex.com, 2025"
#property version "1.00"
#property strict
#property description "Bollinger Squeeze Basic shows the change of momentum histogram and BB / Keltner channel dots."
#property description "Red dots are shown when Bollinger bands are outside of the Keltner channel."
#property description "Blue dots are shown when Bollinger bands are inside the Keltner channel."
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots 2
#property indicator_type1 DRAW_COLOR_HISTOGRAM
#property indicator_color1 clrLimeGreen, clrIndianRed, clrLightGreen, clrLightPink
#property indicator_width1 2
#property indicator_label1 "Momentum Histo"
#property indicator_type2 DRAW_COLOR_ARROW
#property indicator_width2 1
#property indicator_color2 clrBlue, clrRed
#property indicator_label2 "BB/Keltner"
enum enum_candle_to_check
{
Current,
Previous
};
input int MaxBars = 300;
input int BB_Period = 20; // BB Period
input double BB_Deviation = 2.0; // BB Deviation
input int Keltner_Period = 20; // Keltner Period
input double Keltner_Factor = 1.5; // Keltner Factor
input int Momentum_Period = 12; // Momentum Period
input bool EnableNativeAlerts = false;
input bool EnableEmailAlerts = false;
input bool EnablePushAlerts = false;
input enum_candle_to_check TriggerCandle = Previous;
// Indicator buffers:
double Histogram[];
double Histogram_Color[];
double Arrows[];
double Arrows_Color[];
// Internal intidcator buffers:
double Momentum_Buffer[];
double ATR_Buffer[];
double StdDev_Buffer[];
// Global variables:
int Momentum_Handle, ATR_Handle, StdDev_Handle;
datetime LastAlertTime = D'01.01.1970';
int LastAlertDirection = 0;
void OnInit()
{
SetIndexBuffer(0, Histogram, INDICATOR_DATA);
SetIndexBuffer(1, Histogram_Color, INDICATOR_COLOR_INDEX);
SetIndexBuffer(2, Arrows, INDICATOR_DATA);
SetIndexBuffer(3, Arrows_Color, INDICATOR_COLOR_INDEX);
PlotIndexSetInteger(1, PLOT_ARROW, 167); // Arrow code.
ArraySetAsSeries(Histogram, true);
ArraySetAsSeries(Histogram_Color, true);
ArraySetAsSeries(Arrows, true);
ArraySetAsSeries(Arrows_Color, true);
Momentum_Handle = iMomentum(Symbol(), Period(), Momentum_Period, PRICE_CLOSE);
ATR_Handle = iATR(Symbol(), Period(), Keltner_Period);
StdDev_Handle = iStdDev(Symbol(), Period(), BB_Period, MODE_SMA, 0, PRICE_CLOSE);
ArraySetAsSeries(Momentum_Buffer, true);
ArraySetAsSeries(ATR_Buffer, true);
ArraySetAsSeries(StdDev_Buffer, true);
}
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &Time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
ArraySetAsSeries(Time, true);
int limit = MaxBars;
if (limit > rates_total) limit = rates_total;
double d = 0, prev_d = 0;
if (CopyBuffer(Momentum_Handle, 0, 0, limit, Momentum_Buffer) != limit) return 0; // Data not ready yet.
if (CopyBuffer(ATR_Handle, 0, 0, limit, ATR_Buffer) != limit) return 0; // Data not ready yet.
if (CopyBuffer(StdDev_Handle, 0, 0, limit, StdDev_Buffer) != limit) return 0; // Data not ready yet.
for (int shift = limit - 1; shift >= 0; shift--)
{
d = Momentum_Buffer[shift] - 100;
if (d > 0)
{
if (d >= prev_d)
{
Histogram_Color[shift] = 0;
}
else
{
Histogram_Color[shift] = 2;
}
Histogram[shift] = d;
}
else if (d < 0)
{
if (d <= prev_d)
{
Histogram_Color[shift] = 1;
}
else
{
Histogram_Color[shift] = 3;
}
Histogram[shift] = d;
}
else
{
Histogram[shift] = 0;
Histogram_Color[shift] = 0;
}
prev_d = d;
double diff = ATR_Buffer[shift] * Keltner_Factor;
double std = StdDev_Buffer[shift];
double bbs = BB_Deviation * std / diff;
Arrows[shift] = 0;
if (bbs < 1)
{
Arrows_Color[shift] = 0;
}
else
{
Arrows_Color[shift] = 1;
}
}
if (((TriggerCandle > 0) && (Time[0] > LastAlertTime)) || (TriggerCandle == 0))
{
string Text;
// Outside Alert
if ((Arrows_Color[TriggerCandle] == 1) && (LastAlertDirection != 1))
{
if (LastAlertDirection != 0) // Skip actual alerts if it is the first run after attachment.
{
Text = "BB Squeeze: " + Symbol() + " - " + StringSubstr(EnumToString((ENUM_TIMEFRAMES)Period()), 7) + " - BB Outside Keltner.";
if (EnableNativeAlerts) Alert(Text);
if (EnableEmailAlerts) SendMail("BB Squeeze Alert", Text);
if (EnablePushAlerts) SendNotification(Text);
}
LastAlertTime = Time[0];
LastAlertDirection = 1;
}
// Inside Alert
if ((Arrows_Color[TriggerCandle] == 0) && (LastAlertDirection != -1))
{
if (LastAlertDirection != 0) // Skip actual alerts if it is the first run after attachment.
{
Text = "BB Squeeze: " + Symbol() + " - " + StringSubstr(EnumToString((ENUM_TIMEFRAMES)Period()), 7) + " - BB Inside Keltner.";
if (EnableNativeAlerts) Alert(Text);
if (EnableEmailAlerts) SendMail("BB Squeeze Alert", Text);
if (EnablePushAlerts) SendNotification(Text);
}
LastAlertTime = Time[0];
LastAlertDirection = -1;
}
}
return rates_total;
}
//+------------------------------------------------------------------+
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