HILo Ema Squeeze Bands

This indicator combines uses ema to identify price squeeze before a big move.
The ema gets initialised at new high low. It used 3 ema's lengths. For result use x, 2x ,4x ie 50, 100, 200 or 100,200,400 and so on . On more volatile asset use a higher settings like 100,200,400. The inner band is divided into 4 zones, which can give support resistance. As you use it you will become aware of subtle information that it can give at times. Like you may be able to find steps at which prices move, when the market is trending

Just like in Bollinger bands, in a trending market the price stays within sd=1 and sd=2 so does in the inner band the price will remain in band1 and band2. But Bollinger band cannot print steps this indicator shows steps

リリースノート

26/4/2025
Option to divide the Short ema further. If checked it will divide the high-low zone by 8 else by 4.
This is suitable when shortema is not that short!! ie for short ema>=500. This gives additional lines
You are not limited to keeping short ema short. You can use the reverse sequence
Try this reverse settings:
Short ema=500
medium ema=200
large ema=50
And check Draw more internal lines

I would appreciate your comments and suggestions

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krisoz

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オープンソーススクリプト

krisoz