OPEN-SOURCE SCRIPT
업데이트됨 Bollinger Squeeze Alert - NY Open Window
This indicator identifies a **Bollinger Squeeze** condition where the Bollinger Bands contract inside the Keltner Channel.
A squeeze usually means the market is in a low-volatility compression phase. This can sometimes happen before a larger volatility expansion or breakout move.
This script is designed especially for traders who want to monitor squeeze conditions around the **New York market open**.
### What this indicator does
The indicator checks whether:
**Bollinger Upper Band is below Keltner Upper Channel**
and
**Bollinger Lower Band is above Keltner Lower Channel**
When both conditions are true, the Bollinger Bands are fully inside the Keltner Channel, meaning a squeeze is active.
The script also includes a time filter so alerts only trigger during the selected New York open window.
Default alert window:
**8:30 AM to 10:30 AM New York time**
### Main features
* Detects active Bollinger Squeeze conditions
* Uses Bollinger Bands and Keltner Channels together
* Includes a New York time-based alert window
* Highlights the chart background when a valid squeeze is active
* Provides alert options for:
* Squeeze active during the NY open window
* New squeeze starting during the NY open window
* Works on futures, indices, stocks, ETFs, and other instruments
### Suggested use
This indicator can be useful for traders who monitor compression before volatility expansion, especially near the US market open.
For example, on ES futures, a trader may use this to identify when the market is compressed between **8:30 AM and 10:30 AM New York time** and then watch for a possible breakout or volatility expansion.
### Important note
This indicator does not predict direction.
It only identifies volatility compression.
A squeeze can break upward, downward, or fail completely. It should be combined with price action, volume, market context, trend, support/resistance, and proper risk management.
### Disclaimer
This script is for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any security, futures contract, or option. Trading involves risk, and past performance does not guarantee future results. Always do your own research and manage risk carefully.
A squeeze usually means the market is in a low-volatility compression phase. This can sometimes happen before a larger volatility expansion or breakout move.
This script is designed especially for traders who want to monitor squeeze conditions around the **New York market open**.
### What this indicator does
The indicator checks whether:
**Bollinger Upper Band is below Keltner Upper Channel**
and
**Bollinger Lower Band is above Keltner Lower Channel**
When both conditions are true, the Bollinger Bands are fully inside the Keltner Channel, meaning a squeeze is active.
The script also includes a time filter so alerts only trigger during the selected New York open window.
Default alert window:
**8:30 AM to 10:30 AM New York time**
### Main features
* Detects active Bollinger Squeeze conditions
* Uses Bollinger Bands and Keltner Channels together
* Includes a New York time-based alert window
* Highlights the chart background when a valid squeeze is active
* Provides alert options for:
* Squeeze active during the NY open window
* New squeeze starting during the NY open window
* Works on futures, indices, stocks, ETFs, and other instruments
### Suggested use
This indicator can be useful for traders who monitor compression before volatility expansion, especially near the US market open.
For example, on ES futures, a trader may use this to identify when the market is compressed between **8:30 AM and 10:30 AM New York time** and then watch for a possible breakout or volatility expansion.
### Important note
This indicator does not predict direction.
It only identifies volatility compression.
A squeeze can break upward, downward, or fail completely. It should be combined with price action, volume, market context, trend, support/resistance, and proper risk management.
### Disclaimer
This script is for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any security, futures contract, or option. Trading involves risk, and past performance does not guarantee future results. Always do your own research and manage risk carefully.
릴리즈 노트
Changed the time band colour to green for better visibility 오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.