BB Squeeze Indicator
Info
The BB Squeeze Indicator is a Indicator for MetaTrader 5 that unnormalized symmetrical oscillator based on the linear regression algorithm, visualized as a color histogram with a trend power indicator. The trend power is represented by color dots along the histogram's central zero line, indicating the trend direction.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use BB Squeeze Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Unnormalized symmetrical oscillator based on the linear regression algorithm, visualized as a color histogram with a trend power indicator.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Previous Day High, Low, and Close Indicator - another powerful indicator for MetaTrader 5 traders.
Unnormalized symmetrical oscillator based on the linear regression algorithm, visualized as a color histogram with a trend power indicator. The trend power is represented by color dots along the histogram's central zero line, indicating the trend direction. The color change in the histogram is a market entry signal.Also recommended: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
The indicator offers various moving average types:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted Moving Average
- JMA Adaptive Average
- Ultralinear Smoothing
- Parabolic Smoothing
- Tillson's Multiple Exponential Smoothing
- Smoothing with Tushar Chande's algorithm
- Smoothing with Perry Kaufman's algorithm
Phase parameters vary across smoothing algorithms. For JMA, it's an external variable; for T3, it's a smoothing ratio; for VIDYA, it's an oscillator period; and for AMA, it's a slow EMA period. Other algorithms' parameters don't affect smoothing. AMA's fast EMA period is fixed at 2, and the ratio of raising to the power is also 2.
This indicator utilizes the smoothalgorithms.mqh library classes, as described in the article. It was initially implemented in MQL4 and released in 2026.
You may also like: Session High-Low Indicator for MetaTrader - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots 4
#define reset 0 // the constant for getting the command for the indicator recalculation back to the terminal
#property indicator_type1 draw_histogram
#property indicator_color1 teal
#property indicator_style1 style_solid.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.