153 Lazzy Squeeze

The squeeze indicator (#45) assess the extent to which the Bolliger Bands are inside the Keltner’s Channels, when they are the market is considered to be in a consolidation. When the BB become larger than the KC bands, the market is trending. This new indicator (153), calculates the difference between the BB and the KC bands. When values are Zero, the BB bands are fully inside the KC bands. In the opposite the indicator provide the amount of price the BB are outside the KC bands (market is trending).

See how in the image below, breaking up from a squeeze can turn into a long good profit.

Figure 14.22: Lazzy Squeeze

The Lazzy Squeeze can be calculated differently as: each time the BB is inside the KC bands, get zero (pirce is consolidated), in the opposite calculate the BB minus the KC bands (in other wordss how much larger are the BB bands that the KC bands, market is trending)

Figure 14.23: Lazzy Squeeze at different lengths