The Bollinger Squeeze Advanced Indicator is a sophisticated trading tool for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), designed to analyze both market volatility conditions and trend direction with strength confirmation. This indicator builds upon the classic Bollinger Squeeze concept by combining volatility compression analysis with a powerful, customizable trend-strength histogram.

The indicator consists of two integrated analytical components:

1. Market trendedness detection based on the relationship between Bollinger Bands and the Keltner Channel
2. Trend direction and strength measurement using one of eight selectable oscillator indicators

All information is displayed in a single histogram in a separate indicator window, where bar color and bar width provide immediate visual insight into current market conditions.

How the Indicator Works
Volatility and Market State Detection
The indicator monitors whether the Bollinger Bands are inside or outside the Keltner Channel:

• When Bollinger Bands are inside the Keltner Channel, the market is considered sideways or non-trending
• When Bollinger Bands move outside the Keltner Channel, the market transitions into a trending phase

During sideways market conditions, the histogram bars turn thick blue, clearly signaling volatility compression and range-bound behavior.

Trend Direction and Strength Measurement
To measure trend momentum, the indicator allows traders to choose one of the following oscillators:

• Stochastic
• CCI
• RSI
• MACD
• Momentum
• Williams % Range
• ADX
• DeMarker

The selected oscillator determines the direction and intensity of the histogram:

• Green bars above the zero line represent bullish trend waves
• Red bars below the zero line represent bearish trend waves

This flexibility allows traders to tailor the indicator to their preferred trading style and market behavior.

Trading Concept
The core trading logic behind the Bollinger Squeeze Advanced Indicator is based on market phase recognition:

• Identify sideways markets using thick blue histogram bars
• Prepare for breakout opportunities when the histogram transitions from blue to normal colored bars
• Use histogram height and color to confirm trend strength and direction
• Monitor weakening histogram waves as a potential exit signal

By combining volatility compression with oscillator-based trend confirmation, the indicator helps traders avoid low-probability conditions and focus on high-momentum breakout and trend continuation setups.

Input Parameters
The indicator provides extensive configuration options:

Oscillator Selection

• TriggerType (default: DeMarker) – Selects the oscillator used for trend measurement

Each oscillator has its own adjustable period

• StochasticPeriod (default: 14)
• CCIPeriod (default: 50)
• RSIPeriod (default: 14)
• MACD Fast / Slow / Signal periods
• MomentumPeriod (default: 14)
• WilliamsPRPeriod (default: 24)
• ADXPeriod (default: 14)
• DeMarkerPeriod (default: 13)

Alert Settings

• AlertOnSidewaysTrending – Alerts when the market switches between trending and sideways states
• AlertOnZeroCross – Alerts when the histogram crosses the zero line
• EnableNativeAlerts – MetaTrader pop-up alerts
• EnableEmailAlerts – Email notifications
• EnablePushAlerts – Mobile push notifications
• TriggerCandle – Choose between previous closed candle or current candle for alerts

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