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The black dots on the median line show that the market has just entered a "Squeeze" (indicator has recognized that the Bollinger Bands are currently within the Keltner Channel). it is utilized to recognize the momentum in the market pattern. but it's not so good if we trade with the long term. Stochastic Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and on the trading screen when stochastic oscillator enters an overbought or oversold area or when it leaves those areas returning to the normal state. Chande Momentum Oscillator is an incredible forex trading tool for detecting strong trend and impending reversals. Additionally, the indicator can be configured to send an email to the The Squeeze Momentum was originally a derivative of John Carter's "TTM Squeeze" volatility indicator & was popularized by Lazy Bear on TradingView back in 2014. 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