If Bollinger Bands are inside the Keltner channels, the market is likely to be in a phase of consolidation and low volatility. If Bollinger Bands are outside the Keltner channels, the market is likely to be in a phase of trending and high volatility.

Using this methodology, we can go long when Bollinger Bands come out from Keltner channels, and the momentum oscillator is above the zero line. Similarly, we can go short when Bollinger bands come out from Keltner channels, and the momentum oscillator is below the zero line.

• The gray dots represent the period of low volatility when Bollinger Bands are inside the Keltner channels.
• The white dots represent the period of high volatility when Bollinger Bands are outside the Keltner channels.
  
  

Features

• Unlike the other BB Squeeze indicators, this one is light, full of features, and coded from scratch.
• It marks the potential entry points by placing vertical lines when the entry conditions match.
• All kinds of Metatrader alerts for entries as well as for exits(fading momentum).