Squeeze Break Indicator for MT4 Download – Free - [TradingFinder]

The Squeeze Break Indicator is designed to detect and display trend compressions. This MT4 oscillator identifies trend direction changes using an oscillating line and generates signals for trade entries and exits. Changes in histogram volume and color indicate the breakout direction and strength.

Additionally, the Squeeze Break Indicator provides "Daily ATR," "Today's Range," and other key market data in the upper-left section of the chart.

Squeeze Break Indicator Specifications Table

The table below outlines the key features and specifications of the Squeeze Break Indicator:

Category	Currency Strength - Oscillator - Signal & Forecast
Platform	MetaTrader 4
Skill Level	Intermediate
Trading Type	Reversal - Continuation - Range
Timeframe	Multi timeframe
Trading Style	Scalping - Intraday Trading
Marketc	All Markets

Buy Signal 

Based on the 1-hour Bitcoin (BTC) chart, the Squeeze Break Indicator first warns of a breakout by forming large green histograms.

The dashed blue line then crosses above the zero line and oscillates in the positive phase. The signal line crossing above zero represents an optimal buy entry point.

Sell Signal 

In the 30-minute Silver vs. USD (XAG/USD) chart, one of the key bearish signals is the declining volume of green histograms.

When the dashed blue line breaks below the zero line, it confirms a trend shift to bearish. The crossover of the signal line below zero serves as a sell entry signal.

Squeeze Break Indicator Settings

The image below illustrates the adjustable parameters in the Squeeze Break Indicator:

• Bollinger Bands Period: Defines the period for Bollinger Bands calculations;
• Bollinger Bands Deviation: Sets the distance of Bollinger Bands from the moving average;
• Keltner Period: Specifies the number of periods for the Keltner Channel;
• Keltner Multiplier: Determines the Keltner Channel width;
• Momentum Period: Number of candles used for momentum calculation;
• Alerts on: Enables notifications for breakout signals;
• On-Screen Info: Displays key data on the chart;
• Lookback: Defines the number of candles used for historical analysis.

Conclusion

The Squeeze Break Indicator uses colored histograms to indicate trend breakouts. This MT4 signal and forecast indicator provides trade entry signals based on the position of the signal line relative to the zero line.

The Squeeze Break Oscillator also provides key market information such as "Daily ATR" and "Today's Range" to help traders better analyze price action.