Rsqueeze(BBSqueeze) indicator in the MA

[MLTDINO]

morning all,

I am using the above indicator but am having a few problems getting the blue and red dots
to appear in the MA.

All I want it to is display a cell alert when the dot is red, and another when the dot is blue.

I think it is something to do with the the "Plot", where it has squeeze and squeeze on, and setting the cell conditions accordingly. I have played about with it but can't get the dots on the chart to correspond to the cell alerts in the MA.

I have attached a screen shot so you can see what I am on about.

thanks in advance,

David

[NinjaTrader_Bertrand]

David, we would unfortunately not know how the indicator you refer to would be created, but you cannot access the dots plotted on the chart directly in the MA. For this to work the indicator would need to expose a signal, so for example if this reads +1, you could go ahead and create a cell condition to flag a certain pattern was found. If the indicator would not offer this for access, it would need to be recoded to work as desired in your MA.

[PTE97]

Does anyone know of an example of the code that is described by Bertrand?

[NinjaTrader_Brett]

If needed you can contact one of our NinjaScript consultants to assist you with coding this.


NinjaScript Consultants:

http://www.ninjatrader.com/partners#NinjaScript-Consultants

[Harry]

morning all,

I am using the above indicator but am having a few problems getting the blue and red dots
to appear in the MA.

All I want it to is display a cell alert when the dot is red, and another when the dot is blue.

I think it is something to do with the the "Plot", where it has squeeze and squeeze on, and setting the cell conditions accordingly. I have played about with it but can't get the dots on the chart to correspond to the cell alerts in the MA.

I have attached a screen shot so you can see what I am on about.

thanks in advance,

David

Hi David,

the RSqueeze was originally coded for NinjaTrader 6.5. The actual source is here

http://www.tradingstudies.com/Downloads/Squeeze.aspx

The indicator comes with a collection of squeezes,

BB Squeeze - a modified Bollinger Band squeeze
PBFSqueeze - a MACD type oscillator based on Gaussian filters
Countertrend - PBFSqueeze, which use a CCI for coloring the indicators bars

As far as I understand you only wish to use the BBSqueeze. Then you should not use the RSqueeze for the following reasons

-> The RSqueeze does not use genuine Keltner Channels but a modified Keltner version based on ATR, this modified version does not produce genuine squeeze dots
-> The RSqueeze does not properly serialize the parameters, so you cannot access them via a strategy or another indicator.
-> Only 10% of the code refers to the BBSqueeze, the remainder is needed for the two oscillators

The BBSqueeze that comes with the RSqueeze is not the squeeze that should be used. The ATR uses Wilder's smoothing with a smoothing constant of 1/N as opposed to 2/(n+1) which is used for an EMA. The fact that the ATR is used instead of the range means that the period used for the smoothing is not appropriate and makes the RSqueeze in my opinion unusable as tool for a Bollinger Squeeze.

If you want a genuine BBSqueeze, you would need to use the simple range instead of the average true range. The BBSqueeze is one of the simplest indicators to code for NinjaTrader. No need to use a tank, if a knife can do. The version I have coded is a simplified version, which only compares a multiple of the standard deviation to a multiple of the range, but does not take into account that classical Bollinger Bands calculate the SMA by using the close price, while the midband of the Keltner Channels is calculated from the typical price.

The chart below shows genuine Bollinger Band and Keltner Channels. If have used the NinjaTrader default indicators, which are correctly implemented. The "Squeeze" is on, when the Bollinger Bands are inside the Keltner Channels. Please compare the dots produced by the two indicators, and you will immediately understand that the RSqueeze produces different dots. Please use the indicator attached instead.

By the way, here is a little discussion on the RSqueeze .....

http://www.bigmiketrading.com/ninjatrader/20840-how-does-rsqueeze-work.html

[PTE97]

Harry, thank you very much for the clarification on RSqueeze. I have downloaded your new Squeeze indicator and it plots fine.
In ref to MLTDINO’s question , I am able to get TrendStrength to print values in Market Analyzer, but not “SqueezeDots” i.e. is there a way for the Market Analyzer to indicate that a squeeze is on?
Thanks again.

[Harry]

Harry, thank you very much for the clarification on RSqueeze. I have downloaded your new Squeeze indicator and it plots fine.
In ref to MLTDINO’s question , I am able to get TrendStrength to print values in Market Analyzer, but not “SqueezeDots” i.e. is there a way for the Market Analyzer to indicate that a squeeze is on?
Thanks again.

Here is an updated version of the Squeeze. I have added a BoolSeries squeezeOn, which carries the value "true", if the squeeze is on, and the value "false", when there is no squeeze. The BoolSeries can be accessed as anaSqueeze(....).SqueezeOn.
I have also modified the code to allow for a displacement of the indicator.

I have updated the indicator file in post #5.

Please let me know, whether this is what you needed.

[PTE97]

Harry, thanks for the reply, my knowledge of C# is very limited. I am not clear on how BoolSeries true or false can be accessed to appear in Market Analyzer. i.e. do I have to add a statement somewhere ?

[Harry]

Harry, thanks for the reply, my knowledge of C# is very limited. I am not clear on how BoolSeries true or false can be accessed to appear in Market Analyzer. i.e. do I have to add a statement somewhere ?

No, this was my problem. I thought that it would be possible to access an exposed BoolSeries with the Market Analyzer, but it seems that the Market Analyzer only accepts plots.

I have now set an arbitrary value to the Squeeze Dots. If the squeeze is on the dots will have the value = 0. If the value is > 0 this means no squeeze. In the market analyzer you would have to check the squeeze dots for equality with 0.

I have updated the indicator file in post #5. Please let me know, whether it works.

[PTE97]

Thanks Harry, that did it. Market Analyzer is reporting fine now =0,>0. Good luck in your trading, and thanks again for your patience and help.

[Crassius]

If you want a genuine BBSqueeze, you would need to use the simple range instead of the average true range. The BBSqueeze is one of the simplest indicators to code for NinjaTrader. No need to use a tank, if a knife can do. The version I have coded is a simplified version, which only compares a multiple of the standard deviation to a multiple of the range, but does not take into account that classical Bollinger Bands calculate the SMA by using the close price, while the midband of the Keltner Channels is calculated from the typical price.

The chart below shows genuine Bollinger Band and Keltner Channels. If have used the NinjaTrader default indicators, which are correctly implemented. The "Squeeze" is on, when the Bollinger Bands are inside the Keltner Channels. Please compare the dots produced by the two indicators, and you will immediately understand that the RSqueeze produces different dots. Please use the indicator attached instead.

Thanks... I was looking to code an implementation because so many around are needlessly jazzed up with all sorts tweeks. The original is elegant.

This will serve as a good starting point.

Wish it was in the Shared file section so it would be easier to find.

[pwatty]

Problem with BBSqueeze?

Hi David,

the RSqueeze was originally coded for NinjaTrader 6.5. The actual source is here

http://www.tradingstudies.com/Downloads/Squeeze.aspx

The indicator comes with a collection of squeezes,

BB Squeeze - a modified Bollinger Band squeeze
PBFSqueeze - a MACD type oscillator based on Gaussian filters
Countertrend - PBFSqueeze, which use a CCI for coloring the indicators bars

As far as I understand you only wish to use the BBSqueeze. Then you should not use the RSqueeze for the following reasons

-> The RSqueeze does not use genuine Keltner Channels but a modified Keltner version based on ATR, this modified version does not produce genuine squeeze dots
-> The RSqueeze does not properly serialize the parameters, so you cannot access them via a strategy or another indicator.
-> Only 10% of the code refers to the BBSqueeze, the remainder is needed for the two oscillators

The BBSqueeze that comes with the RSqueeze is not the squeeze that should be used. The ATR uses Wilder's smoothing with a smoothing constant of 1/N as opposed to 2/(n+1) which is used for an EMA. The fact that the ATR is used instead of the range means that the period used for the smoothing is not appropriate and makes the RSqueeze in my opinion unusable as tool for a Bollinger Squeeze.

If you want a genuine BBSqueeze, you would need to use the simple range instead of the average true range. The BBSqueeze is one of the simplest indicators to code for NinjaTrader. No need to use a tank, if a knife can do. The version I have coded is a simplified version, which only compares a multiple of the standard deviation to a multiple of the range, but does not take into account that classical Bollinger Bands calculate the SMA by using the close price, while the midband of the Keltner Channels is calculated from the typical price.

The chart below shows genuine Bollinger Band and Keltner Channels. If have used the NinjaTrader default indicators, which are correctly implemented. The "Squeeze" is on, when the Bollinger Bands are inside the Keltner Channels. Please compare the dots produced by the two indicators, and you will immediately understand that the RSqueeze produces different dots. Please use the indicator attached instead.

By the way, here is a little discussion on the RSqueeze .....

http://www.bigmiketrading.com/ninjat...eeze-work.html

This seems to be exactly what I'm looking for, but the "BBSqueeze" dots do not always line up with the Bollinger/Keltner channel crossover points. See screen shot (of XRX, daily) attached. Vertical blue lines added to show places where dots offset from squeeze in channels.



Most likely I'm not using it correctly. Maybe I need to change the default Bollinger and/or Keltner parameters in NinjaTrader?

Any ideas welcome.

[Harry]

This seems to be exactly what I'm looking for, but the "BBSqueeze" dots do not always line up with the Bollinger/Keltner channel crossover points. See screen shot (of XRX, daily) attached. Vertical blue lines added to show places where dots offset from squeeze in channels.

[ATTACH]26436[/ATTACH]

Most likely I'm not using it correctly. Maybe I need to change the default Bollinger and/or Keltner parameters in NinjaTrader?

Any ideas welcome.

The Bollinger and Keltner Channel both have two parameters that can be selected

- the lookback period (used to calculate midband, standard deviation or average range)
- the multiplier (applied to standard deviation or average range to calculate the distance from the outer bands to the midband)

Your chart shows different lookback periods Bollinger Bands(14) , Keltner Channel (10) and the Squeeze indicator (20).

As the Squeeze indicator only has a single lookback period, you would need to select the same lookback period for both Bollinger Bands and Keltner Channel. Please set the period for all indicators to 20 or something else.

There is another subtle difference. The anaSqueeze just compares a multiple of the standard deviation to a multiple of the SMA calculated from the simple range. This simplification makes it faster to calculate. In reality the midband of a Bollinger Bands is calculated from the SMA of the last N closes, while the Keltner Channel uses the SMA of the last N typical prices as midband. Therefore you should use a Bollinger Band calculated from the typical price (select as input series) to obtain a perfect match.

The second point is not important, and probably nobody would even notice it, if had not explained it here. Attached below is a screenshot of the Bollinger Bands and Keltner Channel compared to the Squeeze indicator. I have used the original Bollinger Band calculation, just to show that the midbands do not deviate a lot from each other.


Summary:

Just select identical lookback periods for all three indicators.

[pwatty]

Yep - that was it. Many thanks for your help - and thanks again for such a quick response