How to check for Bolinger Band 'Squeeze'

[Zereleth]

I am curious on how to check for a bolinger band squeeze. I want to be able to detect how close together the upper and lower band are and require it to fall within this range for a time.

I have tried using the indicator moves within limits function but I am not sure if I am understanding how to set it up to these parameters. If anyone knows it would be appreciated.

[jstap]

@zereleth I think the best way is to check distance between top and bottom line.

[Zereleth]

I was thinking something like this although I am not too certain how to use the cross width function

[jstap]

@zereleth upper band will never cross the lower band, use the check distance block, if < chosen pips is a squeese.

[Zereleth]

@jstap Thank you this was exactly what I needed, the check distance block

[jstap]

@zereleth Your welcome

[Zereleth]

@jstap So I have been testing this out and it doesn't seem to be working, I am not sure if a BB can't measure a pip value but when I set it to not sell when its within 5 pips of each other it doesn't prevent any trades. Even if I set it to a comical value of something like 144 pips it still sells.

[jstap]

@zereleth Put a shared link to look at, will only work if in-between blocks.

[Zereleth]

https://fxdreema.com/shared/N1Kd9YmE

Something like this?

[jstap]

@zereleth Looks right, why connect via yellow? this means if gap is >

[Zereleth]

@jstap I effectively don't want it to trade when the bands are not squeezing, my issue is that when I set it to red (incorrect) it never trades and when I set it to yellow it always trades as if the block doesn't exist. The block seems to be correct but just doesn't work as intended

[jstap]

@zereleth Orange is correct, put all into a comment, this way you can visually se why things are/aren't working.