Oscillator [Scalping-Algo]

█ POSTING OSCILLATOR

A squeeze momentum indicator that detects volatility compression and shows momentum direction.


█ HOW IT WORKS

This indicator combines Bollinger Bands and Keltner Channels to identify "squeeze" conditions — periods of low volatility that often precede explosive moves.

When Bollinger Bands contract inside Keltner Channels, volatility is compressing. When they expand back out, the squeeze "fires" and price typically makes a strong directional move.


█ HISTOGRAM COLORS

🟦 Bright Cyan — Positive momentum, increasing
🟦 Dark Cyan — Positive momentum, decreasing
🟪 Dark Purple — Negative momentum, increasing
🟪 Bright Magenta — Negative momentum, decreasing


█ SQUEEZE DOTS (ZERO LINE)

🟢 Teal — No squeeze (normal volatility)
⚫ Gray — Low squeeze
🔴 Red — Medium squeeze
🟠 Orange — High squeeze (breakout imminent)


█ HOW TO USE

1. Wait for squeeze dots (gray/red/orange) to appear
2. Watch which direction momentum is building
3. Enter when dots turn teal (squeeze fired)
4. Go long if histogram is cyan, short if magenta
5. Consider exit when colors fade (bright → dark)


█ BEST PRACTICES

• Works best on higher timeframes (1H, 4H, Daily)
• Combine with trend analysis and support/resistance
• Most reliable in trending markets
• Avoid trading against major levels


█ SETTINGS

Length: 20 (default) — Period for all calculations
Adjust based on your timeframe and trading style.


█ ALERTS

Set alerts for:
• Histogram crossing zero
• Squeeze firing (dot color change to teal)
• High squeeze detection (orange dots)