Description
The "Combined Box and Squeeze Strategy" is a comprehensive trading script developed for the TradingView platform. It merges two distinct analytical approaches: "The Box Percent Strat" and "Squeeze Box [DW]," offering traders a multifaceted tool for market analysis.
Key Features
Box Percent Strat: This component of the strategy dynamically adjusts trading boxes based on price movements. The top and bottom of the box are recalculated as the market evolves, providing visual cues for significant price levels.
Squeeze Box [DW]: Focused on volatility and market squeeze, this part of the strategy utilizes Bollinger Bands and a custom Moving Average calculation. It identifies periods of low volatility (squeeze) and plots high and low squeeze box levels, aiding in the identification of breakout opportunities.
Dynamic Moving Average Calculation: The script includes various options for moving average calculations, such as EMA, SMA, WMA, VWMA, and more. Users can select their preferred type, which is then integrated into both the box calculations and squeeze analysis.
Trading Signals: Entry and exit points are suggested based on the strategy's logic, which combines box breakouts and moving average trends. These signals can be used to inform trading decisions in conjunction with a user's existing strategy.
Visual Plotting: Key levels, including box boundaries and moving averages, are plotted directly on the chart, making the analysis straightforward and visually accessible.
Usage
Ideal for various markets and timeframes.
Can be customized to fit individual trading styles by adjusting input parameters.
Should be used in conjunction with proper risk management strategies.
Disclaimer
This script is provided for educational purposes and should be tested thoroughly in a simulated environment before being applied to live trading. Users should trade based on their discretion and understanding of the financial markets.