The basic idea of John Carter TTM Squeeze indicator. Trade Only if Bollinger band is within Keltner bands, a.k.a. Trade Zone. Presented by Central Line Dots. Trade in the direction of Price / MA of Price Cross.
The oscillator that you have is different than mine... I like the one you have... I have a center bar which looks very much like the MACD. I would prefer the line that you have that changes color with the trend...
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