MTF Volatility Squeeze
The Multiple Time Frame Volatility Squeeze (MTFVS) indicator shows when there is a reduction in volatility that usually means that consolidation is occurring. For the purposes of this indicator the volatility squeeze condition exists when the 2 standard deviation Bollinger Band is inside of the Keltner Channel. The indicator will detect a volatility squeeze condition for the current chart and for up to 4 additional larger time frames or tick ranges. The MTFVS indicator works in RadarScreen®, the Scanner and the Chart Analysis window for tick, minute, and daily timeframes.