BOLLINGER BANDS PRO Trading Guide

The Bollinger Bands Pro (Squeeze & Reversal) is a quantitative technical analysis tool. Bollinger Bands Pro (Squeeze & Reversal Edition) - Overlay indicator Upgrades: 1. Volatility Squeeze: Integrates Keltner Channels to identify squeeze zones.

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Bollinger & Keltner Period (period): Controls the calculation period and sensitivity for market detection.
• StdDev Multiplier (multiplier): Controls the calculation period and sensitivity for market detection.
• Middle Band MA Type (maType): Controls the calculation period and sensitivity for market detection.
• Keltner ATR Multiplier (keltnerMultiplier): Controls the calculation period and sensitivity for market detection.
• Show Strategy Signals (showSignals): Controls the calculation period and sensitivity for market detection.
• Middle Band Basis (basis): Controls the calculation period and sensitivity for market detection.
• Upper Bollinger Band (upper): Controls the calculation period and sensitivity for market detection.
• Lower Bollinger Band (lower): Controls the calculation period and sensitivity for market detection.
• Squeeze Cloud Shading (squeezeFill): Controls the calculation period and sensitivity for market detection.
• Bullish Cloud Shading (bullFill): Controls the calculation period and sensitivity for market detection.
• Bearish Cloud Shading (bearFill): Controls the calculation period and sensitivity for market detection.
• Squeeze Momentum (Bull Up) (momUpBull): Controls the calculation period and sensitivity for market detection.
• Squeeze Momentum (Bull Down) (momDnBull): Controls the calculation period and sensitivity for market detection.
• Squeeze Momentum (Bear Down) (momDnBear): Controls the calculation period and sensitivity for market detection.
• Squeeze Momentum (Bear Up) (momUpBear): Controls the calculation period and sensitivity for market detection.
• Buy Signals Tag (buySignal): Controls the calculation period and sensitivity for market detection.
• Sell Signals Tag (sellSignal): Controls the calculation period and sensitivity for market detection.
• Middle Band (basis): Controls the calculation period and sensitivity for market detection.
• Upper Band (upper): Controls the calculation period and sensitivity for market detection.
• Lower Band (lower): Controls the calculation period and sensitivity for market detection.
• %B Value (percent_b): Controls the calculation period and sensitivity for market detection.
• Bandwidth (bandwidth): Controls the calculation period and sensitivity for market detection.
• Squeeze Momentum (squeezeMomentum): Controls the calculation period and sensitivity for market detection.
• Squeeze Active (squeeze_active): Controls the calculation period and sensitivity for market detection.
• Squeeze Released (squeeze_released): Controls the calculation period and sensitivity for market detection.
• Buy Signal (buy_signal): Controls the calculation period and sensitivity for market detection.
• Sell Signal (sell_signal): Controls the calculation period and sensitivity for market detection.
• Middle Band (basis): Controls the calculation period and sensitivity for market detection.
• Upper Band (upper): Controls the calculation period and sensitivity for market detection.
• Lower Band (lower): Controls the calculation period and sensitivity for market detection.
• %B Value (percent_b): Controls the calculation period and sensitivity for market detection.
• Bandwidth (bandwidth): Controls the calculation period and sensitivity for market detection.
• Squeeze Momentum (squeezeMomentum): Controls the calculation period and sensitivity for market detection.
• Squeeze Active (squeeze_active): Controls the calculation period and sensitivity for market detection.
• Squeeze Released (squeeze_released): Controls the calculation period and sensitivity for market detection.
• Buy Signal (Any) (buy_signal): Controls the calculation period and sensitivity for market detection.
• Sell Signal (Any) (sell_signal): Controls the calculation period and sensitivity for market detection.
• Squeeze Breakout Buy (sqz_buy): Controls the calculation period and sensitivity for market detection.
• Squeeze Breakout Sell (sqz_sell): Controls the calculation period and sensitivity for market detection.
• Reversal Buy (rev_buy): Controls the calculation period and sensitivity for market detection.
• Reversal Sell (rev_sell): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• squeeze_active - Squeeze Active event signal.
• squeeze_released - Squeeze Released event signal.
• buy_signal - Buy Signal event signal.
• sell_signal - Sell Signal event signal.
• squeeze_active - Squeeze Active event signal.
• squeeze_released - Squeeze Released event signal.
• buy_signal - Buy Signal (Any) event signal.
• sell_signal - Sell Signal (Any) event signal.
• sqz_buy - Squeeze Breakout Buy event signal.
• sqz_sell - Squeeze Breakout Sell event signal.
• rev_buy - Reversal Buy event signal.
• rev_sell - Reversal Sell event signal.

2. Filters and Trade Levels

• period - Bollinger & Keltner Period value used for structural qualification or thresholds.
• multiplier - StdDev Multiplier value used for structural qualification or thresholds.
• maType - Middle Band MA Type value used for structural qualification or thresholds.
• keltnerMultiplier - Keltner ATR Multiplier value used for structural qualification or thresholds.
• showSignals - Show Strategy Signals value used for structural qualification or thresholds.
• basis - Middle Band value used for structural qualification or thresholds.
• upper - Upper Band value used for structural qualification or thresholds.
• lower - Lower Band value used for structural qualification or thresholds.
• percent_b - %B Value value used for structural qualification or thresholds.
• bandwidth - Bandwidth value used for structural qualification or thresholds.
• squeezeMomentum - Squeeze Momentum value used for structural qualification or thresholds.
• basis - Middle Band value used for structural qualification or thresholds.
• upper - Upper Band value used for structural qualification or thresholds.
• lower - Lower Band value used for structural qualification or thresholds.
• percent_b - %B Value value used for structural qualification or thresholds.
• bandwidth - Bandwidth value used for structural qualification or thresholds.
• squeezeMomentum - Squeeze Momentum value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.