Show View - BBKC Squeeze

Optuma Scripting
1

Using the following script for BBKC Squeeze Show View.

//Calc KC Mid Line
MidKC = MA(BARS=20, STYLE=Simple, CALC=Open);

//Calc Upper & Lower Keltner Channels using ATR
UpperKC = MidKC + ATR(BARS=20, MULT=2.00);
LowerKC = MidKC + ATR(BARS=20, MULT=2.00);

//Calc Upper and Lower Bollinger Bands
UpperBB = BB(BARS=20, DEFAULT=UpperLine, STDDEV=2.000000);
LowerBB = BB(BARS=20, DEFAULT=LowerLine, STDDEV=2.000000);

//Squeeze on
SQZOn = UpperBB < UpperKC and LowerBB > LowerKC;

//Squeeze off
SQZOff = UpperBB > UpperKC and LowerBB < LowerKC;

//Show View
SQZOff

When I use SQZOff as the Show View it works perfect. When using SQZOn, which is the one I want, Show View is blank.

Thanks

Tim

2

Hi Tim,

The LowerKC variable needs to be -ATR, not +ATR.

Also, note that we have the KC() function for Keltner Channel so there’s no need to create it.

3

Oops missed that.

Regarding KC from reading the Optuma tools section the KC’s are based on moving averages not ATR. Is that correct or have I miss read that?

Tim

4

Ah OK - yes it uses the moving average only.