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Value of dots on RSqueeze
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Value of dots on RSqueeze
I can't seem to figure out what the value for the RSqueeze red and blue dots are so I can use it in my strategy. I did see some mentions before somewhere here, I thought they said dot=0 means squeeze, but this doesn't work. Can anyone help with this?Tags: None
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Hi Tom,
It’s a little confusing because the dots are always set to 0 however the color / brush plot color is changed when the prive is in a squeeze. So you’re looking for the first blue dot after a number of red dots to then (typically) place your order in the direction based on momentum / MACD etc...
Using this indicator in a strategy with ninjascript became troublesome because the value was always 0 and I was never able to properly get the plot color to check for order entry etc... so I added two additional plots in my RSqueeze which allow me to check the Boolean instead of brushes and Aldo the value of the histrogram direction... if you need this let me know.
Chad
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