Squeeze Zone

2020年9月21日

This script supports my previous post Empirical Suite

It automatically plots Support and Resistance levels on the chart during periods of volatility squeeze.
You have three plotting methods:

• From High to Low
  
• From Open to Close
  
• Linear Regression (experimental)
  

The levels are color-coded:
*Red: weak, one-sided volatility squeeze
*Orange: typically strong, no volatility issue

You can have a double-red zone, where both buying and selling volatility has dropped.

Combine this with the Empirical Suite or your favorite
analysis tools for extra confirmation.

Cheers,
EFX

2020年10月9日

版本注释

Updated defaults
Removed poorly performing settings

2022年12月7日

版本注释

• Upgrade to Pine V5
  
• Choose your own colors for Zones!
  
• Improved default settings