B4 Squeeze is a chop zone indicator that finds potential breakouts in Realtime. It filters price action to Identify and draw a squeeze threshold (chop zone) live on your upper chart. It identifies both Squeeze Zones and Breakouts/Breakdowns.
How it works? - The script finds highest/lowest bars during the SQZ according to the ”B4Signals Indicator“. - By using the direction and highest/lowest bar info it calculates SQZ Zones in realtime . - The Indicator helps you stay out of the chop during the SQZ and allows you to exploit explosive moves when it breaks out. - When price exits the SQZ threshold, price will usually explode up or down changing the color of the box to indicate breakout direction. - Then SQZ Zone extends automatically if there is no breakout.
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