1 when the Bollinger Bands fit inside the Keltner channel.
A squeeze means volatility has dried up. Quiet periods tend to be followed by bigger moves, though nothing says in which direction.
Traders use it to wait: no squeeze, no setup.
Worked out by the same code the builder uses, on stored daily candles. Move a setting and the line moves with it. This is what happened, not what will happen.
Gate: Squeeze is above 0, so you only look for entries while it is quiet.
A squeeze can last for weeks, and the move that follows can go either way.
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