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Simpler Trading - Squeeze Pro indicator


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  #1 (permalink)
 Steiner 
chicago+indiana/canada
 
Experience: Intermediate
Platform: TradeStation
Trading: stocks
Posts: 5 since Oct 2012
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Does anyone know if the Squeeze Pro indicator from Simpler Trading have any validity?


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  #2 (permalink)
 Evian 
Memphis TN
 
Experience: Intermediate
Platform: TWS, TradingView, KuCoin
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Its not working right now with all this volatility that over rides normal patterns but normally yes, it works.

After reading his book and testing it out, I put the 13 / 21 EMA, keltner channels and squeeze indicators on almost all my charts. It’s been very helpful. If you don’t want to pay for it somebody programmed it in pine on trading view.

So what it is if you weren’t already aware is bollinger bands inside of a 1.5 keltner channel. So it’s using 2 metrics to confirm an extremely tight trading range where bulls/bears are fighting it out and when it breaks this range it’s liable to follow through significantly as 1 side has capitulated for any number of reasons and we’re now in price discovery finding the new range.

Obviously as you’ve probably seen, in a situation like we’re in now where things whipsaw with the latest news a lot of indicators have stopped working like they used to.


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  #3 (permalink)
Shaban
Turin + Italy
 
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Steiner View Post
Does anyone know if the Squeeze Pro indicator from Simpler Trading have any validity?


I sent you a P.M.


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  #4 (permalink)
 
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 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
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It is advertised as a 'free' indicator but to get the package it costs $695.
Not my definition of free.

Also, if you check Futures.io I'm sure you can find a similar indicator and 'make your own' similar or identical.
Most of what I see from this is hype.
Indicators use history, almost none predict what will happen.

I'd pass

If you just need something similar here is an example here on Futures.io.



Hope this helps.


Steiner View Post
Does anyone know if the Squeeze Pro indicator from Simpler Trading have any validity?


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Last Updated on May 30, 2022


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