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BB Squeeze TradeStation Code Port for Amibroker (AFL)

Rating:
5 / 5 (Votes 2)
Tags:
amibroker, squeeze, oscillator

BB Squeeze ( 100% conversion from Tradestation code to Amibroker)

Best Volatility breakout indicator ( either on buy or sell side , ref below video to understand the logic )

Instructions:

Insert Linked to new chart pane
Periods can be selected in Param window

Usage Demo from TradeStaion: https://www.youtube.com/watch?v=v2pbrz9K7X8 ( 20min onwards )

Squeeze play with Options Trade: https://tickertape.tdameritrade.com/tools/fearless-technician-ttm-squeeze-indicator-15072

Screenshots

Indicator / Formula

Copy & Paste Friendly

Insert Linked to new chart pane

_SECTION_BEGIN("BB Squeeze"); 
Price = Close;

Length = Param("Length",20,2,100,1); 		// { Length for Average True Range (ATR)}
Lenght1 = Param("Length1",20,2,100,1);       // {  Std. Deviation (SD) Calcs }
 
nK = Param("Channel ATRs",1.5,0.1,2,0.1); 	// { Keltner Channel ATRs from Average }
nBB = Param("BB Std Devs",2,0.1,3,0.1); 	// { Bollinger Band Std. Devs. from Average }

AlertLine = Param("AlertLine",1,0,3,1); 	        // { BBSqueezeex level at which to issue alerts }
 
NormalColor = colorRed; 				// { Normal color for BBSqueeze }
AlertlColor = colorLime; 					// { Color for BBSqueeze below alert line }
 
LHMult = Nz(PointValue);
 
//{-- Calculate BB Squeeze Indicator ----------------------}
AvgTrueRange = ATR(Length);
SDev = StDev(Price, Length);
 
Denom = nK*AvgTrueRange;
BBSqueeze = Nz((nBB * SDev) /Denom); 
 
SetPlotColor = IIf( BBSqueeze < Alertline, NormalColor, AlertlColor);

BBcrossDown = Cross(AlertLine,BBSqueeze);
BBcrossUp = Cross(BBSqueeze,AlertLine);
 
//{-- Plot the Alert Line -------------------------}
Plot(0, "", SetPlotColor, styleDots );

//{-- Plot delta of price from Donchian mid line ----------}
value2 = LinearReg( price-((HHV(H, Lenght1)+LLV(L, Lenght1))/2+ MA(C,Lenght1))/2, Lenght1);
color = IIf( value2 > 0, IIf( value2 > Ref(value2,-1), colorBlue, colorSkyblue), IIf( value2 < 0, IIf( value2 < Ref(value2,-1), colorRed, colorYellow ), colorGold ));
 
//Plot(value2*LHMult, "NickmNxtMove", color, styleHistogram );
Plot(value2,"BBSqueeze",color, styleHistogram );
 
//Sound alerts
AlertIf( BBcrossDown, "SOUND C:\\Windows\\Media\\RINGIN.WAV", "Audio alert", 2 );
AlertIf( BBcrossUp, "SOUND C:\\Windows\\Media\\RINGIN.WAV", "Audio alert", 2 );

PlotShapes( IIf( BBcrossDown, shapeHollowCircle, shapeNone ), colorYellow, layer = 0, yposition = 0, offset = 0);
PlotShapes( IIf( BBcrossUP, shapeHollowCircle, shapeNone ), colorWhite, layer = 0, yposition = 0, offset = 0);
_SECTION_END();

5 comments

1. anjan123

May I request for buy sell explorer.

2. endhuetz

NICE formula dude!
can you adding explore for buy / sell exploration please

3. hotaro3

Good Indicator

4. hotaro3

//A better code for BB Squeeze is as KP TTM Squeeze Follows

_SECTION_BEGIN(“The Squeeze”);
SetChartBkColor(ParamColor(“Panel Color”,colorLightGrey));
SetChartBkGradientFill(ParamColor(“Upper Chart”,colorLightGrey),ParamColor(“Lower Chart”,colorLightGrey));

SetChartOptions( 0, chartShowDates|chartWrapTitle );
Price = Close;
Length = Param(“ATR Length”,20,2,100,1); // { Length for Average True Range (ATR)}
Lenght1 = Param(“SD Length”,20,2,100,1); // { Std. Deviation (SD) Calcs }
nK = Param(“Channel ATRs”,1.4,0.1,2,0.1); //{ Keltner Channel ATRs from Average }
nBB = Param(“BB Std Devs”,2,0.1,3,0.1); // { Bollinger Band Std. Devs. from Average }
AlertLine = Param(“AlertLine”,1,0,3,1); //{ BBS_Index level at which to issue alerts }
NormalColor = 4; //{ Normal color for BBS_Ind }
AlertlColor = 10;// Color for BBS_Ind below alert line }
LHMult = Nz(PointValue/TickSize);
//{— Calculate BB Squeeze Indicator -—————————-}
AvgTrueRange = ATR;
SDev = StDev(Price, Length);
Denom = nK*AvgTrueRange;
BBS_Ind = Nz((nBB * SDev) /Denom);
SetPlotColor = IIf( BBS_Ind < Alertline, NormalColor, AlertlColor);
BBcrossDown = Cross(AlertLine,BBS_Ind);
BBcrossUp = Cross(BBS_Ind,AlertLine);
Plot(0, “BBS_Ind”, SetPlotColor, styleDots|styleThick | styleNoRescale |styleNoLabel );
//{— Plot delta of price from Donchian mid line -———-}
value2 = LinearReg( price-((HHVLLV)/2 MA)/2, Lenght1);
color = IIf( value2 > 0, IIf( value2 > Ref(value2,-1), colorBlue, 12), IIf( value2 < 0, IIf( value2 < Ref(value2,-1), ParamColor(“UpColor”,colorRed ), colorYellow ), colorYellow ));
myma=WMA;
//Plot(value2*LHMult, “NickmNxtMove”, color, styleBar | styleThick|styleOwnScale );
Plot(value2,“BB Squeeze”,color, styleArea | styleThick);
PlotShapes( IIf( Cross(Value2, 0), shapeHollowSmallDownTriangle+ shapePositionAbove, shapeNone ), 29,0,Offset=0 );
PlotShapes( IIf( Cross(0, Value2), shapeUpTriangle+ shapePositionAbove, shapeNone ), 32,0,Offset=0);
PlotShapes(IIf(Cross(myma,value2),shapeuparrow+ shapePositionAbove, shapeNone ), 12,0,Offset=myma);
PlotShapes(IIf(Cross(Value2 ,myma),shapedownarrow+ shapePositionAbove, shapeNone ),7 ,0,Offset=myma,-10);
//Plot(myma,"",5,styleLine|styleThick);
//{— Issue Alert when the Squeeze is On -———————-}
ALERT”;
//Write alerts to Interpretation window
//Ticker = Name();
//WriteIf(BBcrossDown,Ticker + " " + “BB Squeeze Alert” ,WriteIf(BBcrossUp,Ticker + " " + “BB Squeeze Is Over”,""));
//Write alerts to Alert Output window
//AlertIf(BBcrossDown,"",“BB Squeeze Alert”,0);
//AlertIf(BBcrossUp,"",“BB Squeeze Is Over”,0);
//Sound alerts
//AlertIf( BBcrossDown, “SOUND C:\\Windows\\Media\\RINGIN.WAV”, “Audio alert”, 2 );
//AlertIf( BBcrossUp, “SOUND C:\\Windows\\Media\\RINGIN.WAV”, “Audio alert”, 2 );
//Write text to screen
//ytext = 0.01;
/*
or(i=1;i<BarCount;i++)
{
If(BBcrossDown[i])
{

PlotText(“ON”,i,-ytext[i],colorWhite);
}

if(BBcrossUp[i])

{

PlotText(“OFF”,i,ytext[i],colorWhite);

}

}

*/

//PlotShapes(shapeUpArrow*BBcrossDown,colorWhite,0,0);
//PlotShapes(shapeDownArrow*BBcrossup,colorWhite,0,0);
_SECTION_END();

/SECTION_BEGIN(“KP Fast 2”);
//SetChartBkColor(ParamColor(“Panel Color”,colorLightGrey));
//SetChartBkGradientFill(ParamColor(“Upper Chart”,colorLightGrey),ParamColor(“Lower Chart”,colorLightGrey));
//tskp_fast2val1, tskp_fast2val2
dummy=E_TSKPFAST2(Open,High,Low,Close,Volume);
Plot(tskp_fast2val1,“Fast2_1”,ParamColor(“ColorUp”,colorBlue),styleLine|styleThick);
Plot( tskp_fast2val2,“Fast2_2”,ParamColor(“ColorDown”,colorRed),styleLine|styleThick);
PlotShapes(IIf(Cross(tskp_fast2val1,0),shapeDigit1+ shapePositionAbove, shapeNone ), 29,0,Offset=tskp_fast2val1,-12 );
PlotShapes(IIf(Cross(0,tskp_fast2val2),shapeDigit1+ shapePositionAbove, shapeNone ), 4,0,Offset=tskp
fast2val2,12 );
//Plot(0,"",ParamColor(“Zero Line”,colorGrey50),styleLine|styleNoLabel);
//Title =FullName();
_SECTION_END();
/

SECTION_BEGIN(“KP M Range”);
mp=0.5*(High + Low);
tightstop=E_TSKPTIGHTSTOP(High,Low,Close);
stopline=E
TSKPSTOPLINE;
Color=colorWhite;
for( i = 0; i < BarCount; i++ )
{
if( mp[i] > stopline[i] && mp[i] > tightstop[i] )
Color[i] = colorBlue;
else if( mp[i] < stopline[i] && mp[i] < tightstop[i])
Color[i] = colorRed;
else
Color[i] = colorWhite;
}
Plot(0,"",Color,styleOwnScale|styleArea|styleNoLabel,0, 90 );
Plot(7,"",Color,styleOwnScale|styleArea|styleNoLabel,0, 90 );
_SECTION_END();

SECTION_BEGIN(“KP TrendBias BackGround”);//Plot Tone
dummy = E_TSKPTRENDBIAS(High,Low,Close);
KPTB = tskp_sb;
KPTBSlow = tskp
tbxavg;
parmToneColorUp=ParamColor(“Tone Color Up”, colorLightBlue );
parmToneColorDn=ParamColor(“Tone Color Dn”, colorTan);
RibbonSize=Param(“Ribbon Size”,20,0.5,10,0.5);
Plot( RibbonSize,"",IIf(KPTB > KPTBSlow,parmToneColorUp,parmToneColorDn),styleOwnScale|styleArea|styleNoLabel,0,10);
_SECTION_END();

5. hotaro3

//A better code for BB Squeeze is as KP TTM Squeeze Follows

_SECTION_BEGIN(“The Squeeze”);
SetChartBkColor(ParamColor(“Panel Color”,colorLightGrey));
SetChartBkGradientFill(ParamColor(“Upper Chart”,colorLightGrey),ParamColor(“Lower Chart”,colorLightGrey));

SetChartOptions( 0, chartShowDates|chartWrapTitle );
Price = Close;
Length = Param(“ATR Length”,20,2,100,1); // { Length for Average True Range (ATR)}
Lenght1 = Param(“SD Length”,20,2,100,1); // { Std. Deviation (SD) Calcs }
nK = Param(“Channel ATRs”,1.4,0.1,2,0.1); //{ Keltner Channel ATRs from Average }
nBB = Param(“BB Std Devs”,2,0.1,3,0.1); // { Bollinger Band Std. Devs. from Average }
AlertLine = Param(“AlertLine”,1,0,3,1); //{ BBS_Index level at which to issue alerts }
NormalColor = 4; //{ Normal color for BBS_Ind }
AlertlColor = 10;// Color for BBS_Ind below alert line }
LHMult = Nz(PointValue/TickSize);
//{— Calculate BB Squeeze Indicator -—————————-}
AvgTrueRange = ATR;
SDev = StDev(Price, Length);
Denom = nK*AvgTrueRange;
BBS_Ind = Nz((nBB * SDev) /Denom);
SetPlotColor = IIf( BBS_Ind < Alertline, NormalColor, AlertlColor);
BBcrossDown = Cross(AlertLine,BBS_Ind);
BBcrossUp = Cross(BBS_Ind,AlertLine);
Plot(0, “BBS_Ind”, SetPlotColor, styleDots|styleThick | styleNoRescale |styleNoLabel );
//{— Plot delta of price from Donchian mid line -———-}
value2 = LinearReg( price-((HHVLLV)/2 MA)/2, Lenght1);
color = IIf( value2 > 0, IIf( value2 > Ref(value2,-1), colorBlue, 12), IIf( value2 < 0, IIf( value2 < Ref(value2,-1), ParamColor(“UpColor”,colorRed ), colorYellow ), colorYellow ));
myma=WMA;
//Plot(value2*LHMult, “NickmNxtMove”, color, styleBar | styleThick|styleOwnScale );
Plot(value2,“BB Squeeze”,color, styleArea | styleThick);
PlotShapes( IIf( Cross(Value2, 0), shapeHollowSmallDownTriangle+ shapePositionAbove, shapeNone ), 29,0,Offset=0 );
PlotShapes( IIf( Cross(0, Value2), shapeUpTriangle+ shapePositionAbove, shapeNone ), 32,0,Offset=0);
PlotShapes(IIf(Cross(myma,value2),shapeuparrow+ shapePositionAbove, shapeNone ), 12,0,Offset=myma);
PlotShapes(IIf(Cross(Value2 ,myma),shapedownarrow+ shapePositionAbove, shapeNone ),7 ,0,Offset=myma,-10);
//Plot(myma,"",5,styleLine|styleThick);
//{— Issue Alert when the Squeeze is On -———————-}
ALERT”;
//Write alerts to Interpretation window
//Ticker = Name();
//WriteIf(BBcrossDown,Ticker + " " + “BB Squeeze Alert” ,WriteIf(BBcrossUp,Ticker + " " + “BB Squeeze Is Over”,""));
//Write alerts to Alert Output window
//AlertIf(BBcrossDown,"",“BB Squeeze Alert”,0);
//AlertIf(BBcrossUp,"",“BB Squeeze Is Over”,0);
//Sound alerts
//AlertIf( BBcrossDown, “SOUND C:\\Windows\\Media\\RINGIN.WAV”, “Audio alert”, 2 );
//AlertIf( BBcrossUp, “SOUND C:\\Windows\\Media\\RINGIN.WAV”, “Audio alert”, 2 );
//Write text to screen
//ytext = 0.01;
/*
or(i=1;i<BarCount;i++)
{
If(BBcrossDown[i])
{

PlotText(“ON”,i,-ytext[i],colorWhite);
}

if(BBcrossUp[i])

{

PlotText(“OFF”,i,ytext[i],colorWhite);

}

}

*/

//PlotShapes(shapeUpArrow*BBcrossDown,colorWhite,0,0);
//PlotShapes(shapeDownArrow*BBcrossup,colorWhite,0,0);
_SECTION_END();

/SECTION_BEGIN(“KP Fast 2”);
//SetChartBkColor(ParamColor(“Panel Color”,colorLightGrey));
//SetChartBkGradientFill(ParamColor(“Upper Chart”,colorLightGrey),ParamColor(“Lower Chart”,colorLightGrey));
//tskp_fast2val1, tskp_fast2val2
dummy=E_TSKPFAST2(Open,High,Low,Close,Volume);
Plot(tskp_fast2val1,“Fast2_1”,ParamColor(“ColorUp”,colorBlue),styleLine|styleThick);
Plot( tskp_fast2val2,“Fast2_2”,ParamColor(“ColorDown”,colorRed),styleLine|styleThick);
PlotShapes(IIf(Cross(tskp_fast2val1,0),shapeDigit1+ shapePositionAbove, shapeNone ), 29,0,Offset=tskp_fast2val1,-12 );
PlotShapes(IIf(Cross(0,tskp_fast2val2),shapeDigit1+ shapePositionAbove, shapeNone ), 4,0,Offset=tskp
fast2val2,12 );
//Plot(0,"",ParamColor(“Zero Line”,colorGrey50),styleLine|styleNoLabel);
//Title =FullName();
_SECTION_END();
/

SECTION_BEGIN(“KP M Range”);
mp=0.5*(High + Low);
tightstop=E_TSKPTIGHTSTOP(High,Low,Close);
stopline=E
TSKPSTOPLINE;
Color=colorWhite;
for( i = 0; i < BarCount; i++ )
{
if( mp[i] > stopline[i] && mp[i] > tightstop[i] )
Color[i] = colorBlue;
else if( mp[i] < stopline[i] && mp[i] < tightstop[i])
Color[i] = colorRed;
else
Color[i] = colorWhite;
}
Plot(0,"",Color,styleOwnScale|styleArea|styleNoLabel,0, 90 );
Plot(7,"",Color,styleOwnScale|styleArea|styleNoLabel,0, 90 );
_SECTION_END();

SECTION_BEGIN(“KP TrendBias BackGround”);//Plot Tone
dummy = E_TSKPTRENDBIAS(High,Low,Close);
KPTB = tskp_sb;
KPTBSlow = tskp
tbxavg;
parmToneColorUp=ParamColor(“Tone Color Up”, colorLightBlue );
parmToneColorDn=ParamColor(“Tone Color Dn”, colorTan);
RibbonSize=Param(“Ribbon Size”,20,0.5,10,0.5);
Plot( RibbonSize,"",IIf(KPTB > KPTBSlow,parmToneColorUp,parmToneColorDn),styleOwnScale|styleArea|styleNoLabel,0,10);
_SECTION_END();

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