Squeeze Breakout Indicator
The basic idea, provided by John Carter (author of “Mastering the Trade”), is that markets tend to move from periods of low volatility to high volatility and reverse. Both Bollinger Bands and Keltner Channels are used to trace it. Momentum tool signals for possible breakout. A trading rule lays along with long trade when Bollinger Bands break outside the Keltner Bands and the Momentum indicator is above the threshold line, for short trade the rules are opposite. This indicator tends to be better with the larger timeframes. Optional extra indicators info is in the top left corner to give a broader idea. The indicator provides audio alerts when a potential breakout is occurring. Perhaps it is a solid indicator for promising strategy.