Squeeze Zone

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

เอกสารเผยแพร่:

Updated defaults
Removed poorly performing settings

เอกสารเผยแพร่:

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