Squeeze Zones & Breakout Candles
Squeeze Zones: Toggle to enable/disable
Sensitivity: Choose between High and Low sensitivity
🔹 High: Earlier detection using PSI calculations
🔸 Low: Traditional Bollinger Band-based detection
Color: Customize the squeeze zone highlight color
⚙️ Settings:
Squeeze Zones identify periods of price compression that often precede significant breakouts.
💥 Squeeze Zones
📈 How to Interpret:
Highlighted Areas: Indicate price compression (squeeze)
End of Highlighting: Signals a potential breakout is imminent
Duration of Squeeze: Longer squeezes often lead to stronger breakouts
🛠️ Practical Usage:
Use squeeze zones to prepare for potential breakouts
Combine with EZ Trend direction to determine likely breakout direction
Position size can be increased when trading breakouts from squeezes
Entry after the squeeze ends often provides better risk-reward
High sensitivity is more proactive but may give occasional false signals
⚡ Advanced Signal Features
🔺 Break Up / 🔻 Break Down Candles
These signals identify potential explosive moves based on volume and price action.
⚙️ Settings:
Break Up Candle: Toggle to enable/disable upward breakout signals
Break Down Candle: Toggle to enable/disable downward breakdown signals
Strength Dial: Adjust sensitivity (1–5) to control signal frequency
📊 How to Interpret:
🔺 Break Up Triangle (below price): Indicates potential upward explosion
🔻 Break Down Triangle (above price): Indicates potential downward explosion
🛠️ Practical Usage:
Use as early entry signals into new trends
Works best when aligned with EZ Trend line direction
Higher Strength Dial values (4–5): Fewer but more reliable signals
Lower values (1–2): More signals, but with increased noise
Effective for both trend continuation and reversal trades
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