Welcome to the Bollinger Bands® Squeeze Package for TradeStation.

Without a doubt the Squeeze is the most talked about of all the Bollinger Band strategies and this
TradeStation Package is your key to the Bollinger Band Squeeze.

First, some background: a Squeeze is a periodic low in BandWidth and a Bulge is a periodic peak in
BandWidth. A Squeeze is potentially an indication of the start of a trend and a Bulge is an indication that a
trend may be ending. A Squeeze or a Bulge is not by itself a signal; there are times when they can persist
for a long time. Price action and the action of indicators like %b and Intraday Intensity are the ultimate
arbiters of what to do.

A Squeeze is a tightening of the Bollinger Bands. Squeezes are the birthplace of new trends and can help
forecast periods of increased volatility. However, without the right combination of tools, locating and
trading the Squeeze can be difficult. This Bollinger Band Squeeze indicator package is the key to getting
the most out of this powerful trading set up.

The Charting tools in this Bollinger Band Squeeze package are:

Bollinger Bands: which define high and low on a relative basis
%B: which tells us where we are in relation to the bands
BandWidth: which tells us how wide the bands are
Squeeze/Bulge: which is used to identify the beginnings and ends of trends
Squeeze Breakout: which is used to find opportunities in the wake of a Squeeze
BackIn: which is used to identify Head Fakes and other potential reversals
Intraday Intensity %: which is used to gauge supply and demand

Finally there is a scan for on-demand searching of lists of tickers for trading opportunities, and a
RadarScreen for monitoring watch lists in real time.

The RadarScreen tool in this Bollinger Band Squeeze package is:

Bollinger Bands Squeeze: finds trading opportunities on a watch list of symbols

These tools can be applied in most markets; stocks, futures and forex are popular target markets. They can
also be applied in many time frames, from intraday to long term. The qualifier is that there be enough data
in each bar to get a good picture of the price-formation mechanism at work. For big, liquid ETFs like
SPY, or highly liquid futures like the e-mini, minute bars are no problem, but for an illiquid stock daily
bars might be the downward limit.

A lot of time, work and experience have gone into developing this package. I think that you will find it to
be very useful in your day to day trading operations. If you have questions about what these tools are,
how to use them or the ideas behind them please see the documentation for the individual tools or feel
free to drop us a line at BBands@BollingerBands.com. If you need help with the TradeStation platform,
their excellent customer support is available at: 800.822.0512

Good trading,

John Bollinger
www.BollingerBands.com

© Copyright 2017 Bollinger Capital, All Rights Reserved

Bollinger Band Squeeze Package Disclosure Statement

This product is not a recommendation to buy or sell, but rather a guideline to interpreting the specified
analysis methods. The information provided should only be used by investors who are aware of the risks
inherent in securities trading. TradeStation, John Bollinger or Bollinger Capital Management accept no
liability whatsoever for any loss arising from any use of this product or its contents.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future
performance or success. There is a possibility that you may sustain a loss equal to or greater than your
entire investment regardless of which asset class you trade (equities, options futures or forex); therefore,
you should not invest or risk money that you cannot afford to lose.

If you plan to use margin, please read about the risks of margin:
http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/MarginInformation/P005927

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ Bollinger Bands® (Charting Indicator)

‘Bollinger Bands’ are volatility-driven trading bands that define whether price is high or low on a relative
basis. There are three Bollinger Bands, upper, middle and lower, with the middle band serving as the base
for the upper and lower bands. The middle band is colored to reflect the direction of the trend, green when
the trend is up and red when it is down. The upper band is traditionally colored red and the lower green.
By definition price is high at the upper band and low at the lower band. The information derived from the
bands can be used in developing trading approaches, pattern recognition, identifying over bought and over
sold levels, tracking trades, anticipating moves and more...

To identify a ‘Squeeze’ we look for period in which the Bollinger Bands are very close together, which is
often a precursor of important moves in security prices.

By analyzing price action in relation to the Bollinger Bands and employing the other indicators in this
package, you will be able to identify and manage opportunities as they arise. The indicator
‘SqueezeBulge’ will highlight the Squeeze and Bulge conditions.

The default parameters for Bollinger Bands are a calculation period of 20 bars and a width of plus/minus
2 standard deviations. These parameters work in most applications, but can be adjusted to suit your
trading style.

Parameters:
BB_Data: Close
BB_Length: 20
BB_Width: 2.0
BB_CalcType: 1 {1 Simple Avg. 2 Exponential Avg.}

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ %b® (Charting Indicator)

‘%b’ tells us where we are in relation to the Bollinger Bands. While %b has many uses, for the Squeeze
there are two important ones. Its primary use is to help identify the potential breakout direction and then
to alert us to breakouts or breakdowns when they actually occur.

The %b formula is derived from the formula for Stochastics, with the values of the upper and lower
Bollinger Bands being substituted for Stochastics' periodic highs and lows.

%b equals 1.0 when the close of the bar is at the upper Bollinger Band and 0.0 when it is at the lower
band. Hence a breakout is indicated by a value for %b of greater than 1.0 or a breakdown with a value for
%b of less than 0.0.

%b is usually combined with BandWidth to identify opportunities in the wake of a Squeeze.

Parameters:
BB_Data: Close
BB_Length: 20
BB_Width: 2.0
BB_CalcType: 1 {1 Simple Avg. 2 Exponential Avg.}

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ BandWidth® (Charting Indicator)

‘BandWidth’ tells us how wide the range of the Bollinger Bands are. BandWidth's most important use is
to identify the beginning and end of trends. BandWidth is the distance from the upper band to the lower
band divided by the middle band. For most securities BandWidth runs in the low single digits, but it can
get as high as fifty, with occasional readings outside of that range.

BandWidth and %B were the first two Bollinger Band indicators. Like the bands, their formulation has
not changed over the years.

Troughs in BandWidth are known as Squeezes and mark beginnings of trends; peaks in BandWidth are
known as Bulges and mark the end of trends. The problem with BandWidth is that it can be hard to
discern what is a peak and what is a trough. Is BandWidth high enough? Or low enough? Absolute levels
won't do as they vary from security to security and time to time. That means that we must adopt a relative
measure. Our solution is to define a Squeeze as a 125-period low in BandWidth and a Bulge as a 125-
period peak. Armed with those relative definitions we can successfully diagnose market conditions that
lead to the beginnings and ends of trends.

BandWidth is usually combined with %B to identify breakouts and breakdowns after Squeezes.

Parameters:
BB_Data: Close
BB_Length: 20
BB_Width: 2.0
BB_CalcType: 1 {1 Simple Avg. 2 Exponential Avg.}
LookBack: 125

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ SqueezeBulge® (Charting Indicator)

The “SqueezeBulge’ indicator automates the identification of Squeezes and Bulges. When plotted as an
indicator SqueezeBulge is +1 for a Squeeze (Yellow Arrow) and -1 for a Bulge (Cyan Arrow). When
plotted with price, arrows above and below the Bollinger Bands highlight Squeezes and Bulges. We have
tested the SqueezeBulge look-back period and found it to be very robust, periods of 100 through 150 all
seem to produce similar results over time. The default lookback is 125 bars.

SqueezeBulge can be combined with BackIn to identify Head Fakes. SqueezeBulge is often paired with
Intraday Intensity to give a sense of potential directionality as the trade sets up.

Parameters:
BB_Data: Close
BB_Length: 20
BB_Width: 2.0
BB_CalcType: 1 {1 Simple Avg. 2 Exponential Avg.}
Squeeze_Lookback: 125
RangePct: 95 {show Squeeze and Bulge when thet are close.}
ShowSqueeze: TRUE
Squeeze_Color: DarkGreen {for Charting SQUEEZE}
Squeeze_ArrowSize: 18 {for Charting SQUEEZE}
Squeeze_String: "SQUEEZE" {for SQUEEZE - RadarScreen and Scanner}
ShowBuldge: TRUE
Bulge_Color: DarkRed {for Charting BULGE }
Bulge_ArrowSize: 18 {for Charting BULGE }
Bulge_String: "BULGE" {for BULGE - RadarScreen and Scanner}
ArrowShiftATRs: 0.5 {for chart display }

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ SqueezeBreakout® (Charting Indicator)

‘SqueezeBreakout’ looks first for a Squeeze and then searches for a breakout or a breakdown within the
next five periods. SqueezeBreakout presents trading signals much in the same way that the old volatility
breakout systems tried to do, but rather than a simplistic stand-alone approach, Squeeze Breakout is part
of the BBTK Squeeze ecosystem and, as such, integrates with the other tools in the package to produce a
comprehensive trading approach. A SqueezeBreakout signal is generated when price closes above the
upper or below the lower Bollinger Band within five periods of a Squeeze.

SqueezeBreakout is often paired with Intraday Intensity to quantify accumulation / distribution as the
trade sets up and then develops. Many traders like to look for a downturn in BandWidth after a squeeze
expansion to signal the end of a trend. Often, that is coincident with a Bulge. Others like to use a trailing
stop like our Chandelier stops.

Parameters:
BB_Data: Close
BB_Length: 20
BB_Width: 2.0
BB_CalcType: 1 {1 Simple Avg. 2 Exponential Avg.}
Squeeze_Lookback: 125
RangePct(95),
Signal_Window: 5
Up_Color: Green {For BUY signal}
Up_ArrowSize: 18 {For BUY signal, chart}
Up_String: "BUY" {For BUY signal, RadarScreen and Scanner}
Down_Color: Red {For SELLSHORT signal}
Down_ArrowSize: 18 {For SELLSHORT signal, chart}

© Copyright 2017 Bollinger Capital, All Rights Reserved

 Down_String: "SELLSHORT" {For SELLSHORT signal, RadarScreen and Scanner}
PlotShiftATRs: 1.0 {for chart display}

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ SqueezeBreakout® (RadarScreen Indicator)

Inputs Parameters: Same as the Charting Indicators

Note: Make sure the inputs for each indicator line up with the others so that the values match across all
windows.

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ BackIn® (Indicator)

‘BackIn’ is one of the simplest of the tools in this package, but it is the key to one of the most powerful
Squeeze trading setups, The Head Fake. BackIn indicates when a close outside the Bollinger Bands is
followed by a close inside the Bollinger Bands, +1 for in from below, -1 for in from above. It is most
significant immediately after a SqueezeBreakout. Smaller arrows are used to denote the Head Fake, with
red arrows showing selling opportunities and green arrow showing buying opportunities.

For many years traders have noticed that when Squeeze Breakouts fail they often lead to spectacular
moves in the opposite direction. This combination of a failed breakout and an emerging trend in the
opposite direction is known as a Head Fake. The term comes from sports where an attacker will tilt their
head in one direction to fake out the defender before making the real move in the opposite direction.

For Bollinger Band traders a Head Fake is signaled by a Squeeze Breakout and then an immediate
BackIn. High volume and large ranges are strong confirmation indicators.

Parameters:
BB_Data: Close
BB_Length:20
BB_Width: 2.0
BB_CalcType: 1 {1 Simple Avg. 2 Exponential Avg.}
Up_Color: Green {for Back-In from below}
Up_ArrowSize: 12 {for Back-In from below, Chart}
Up_String: "UP" {for Back-In from below, RadarScreen and Scanner}
Down_Color: Red {for Back-In from above}
Down_ArrowSize: 12 {for Back-In from above, Chart}
Down_String: "DOWN" {for Back-In from above, RadarScreen and Scanner}

© Copyright 2017 Bollinger Capital, All Rights Reserved

 PlotShiftATRs: 0.5 {for chart display}

© Copyright 2017 Bollinger Capital, All Rights Reserved

BBSQ Intraday Intensity % (Indicator)

‘Intraday Intensity %’ is a volume indicator that was developed by David Bostian. It is the best technical
gauge of accumulation distribution that I know of. Intraday Intensity is designed to track the action of
large institutional investors, going negative as they sell and positive as they buy.

Intraday Intensity was originally designed for daily bars, but we have found it useful in shorter time
frames as well. The key is that there must be enough activity in each bar to transmit a clear picture of the
price formation mechanism in action.

The formula parses the location of the close in the period's range to partition volume into positive and
negative components. We give you two versions of Intraday Intensity, an unbounded line and an
oscillator. The choice is mostly a matter of taste and is entirely up to you. The information is the same, but
the presentation is different. The line is generally plotted in the same clip as price, while the oscillator is
usually plotted in its own clip. I'd suggest plotting the line in the same clip with price as an initial choice
for Squeeze trading. For buy/sell decisions using Bollinger Bands the oscillator is generally favored.

Parameters:
Length: 21
Up_Color: Green
Down_Color: Red

© Copyright 2017 Bollinger Capital, All Rights Reserved