The Squeeze-Expansion Indicator or SE indicator shows the contraction and expansion of the volatility of the price, it does this by evaluating the movement of the standard deviations of the price. This indicator can be use in a similar way to ADX and momentum indicators and can potentially keep you out of NO-TRADE zones It can also be used as an exit indicator to show when a move has likely lost momentum.
color coding of the SE indicator -the BLUE area indicates the AMOUNT of SQUEEZE of the price deviations -the ORANGE area indicates the AMOUNT of EXPANSION of the price deviations -the highlighted (BLUE) line indicate SQUEEZE tightening -the highlighted (GREEN and RED) lines indicate the RELEASE
- BLUE line rising indicates a likely bounce back if the price - GREEN/RED line rising indicates a likely continuation/breakout of the price
JD.
#NotTradingAdvice #DYOR
I build thes indicators for myself and provide them open source, to use for free to use and improve upon, as I believe the best way to learn is toghether.