To set up a squeeze that is on TD Ameritrade think or swim platform. That is where the bollinger bands contract and go inside the keltner c
Squeeze- Where the Bollinger bands go contract & go inside the Keltner channels when volatility is low. The Bollinger bands go back outside the Keltner channels when volatility increases and we then say that the squeeze had been triggered.
Ralph Corey commented
The momentum indicator would also need to be included as the trigger for the squeeze when it crosses the zero line.
Of course this indicator is already in VV so for scan it could be combined with the BB & KT squeeze.
Agree this would be a good indicator to graph and scan on.
Dirk Janssens commented
This would indeed be wonderfull. I already called in requesting the Keltner channels to plot them together with the bollinger bands. But the real squeeze like available in thinkorswim and used most of the time in the teachings of John Carter would be wonderful.