For those of you who like to trade straddles/strangles with options one pattern that works well, is when the Bollinger Bands start squeezing together. Have Fun with the Squeeze :- ))) To find the Bollinger Band Squeeze with Metastock create the 2 indicators below: BollingerBandHistogram X:= ((C+2*Std(C,13)-Mov(C,13,E))/(4*(Std(C,13)))*100); Blue:=If(X>80,X,0); Red:=If(X<80,X,0); Blue; Red; BB Squeeze If(Fml("BollingerBandHistogram")>45AND Fml("BollingerBandHistogram") <55,1,0) Then create the below in your Explorer. Straddles/Strangles EXPLORATION NOTES ----------------- Finds Stocks that have the Bollinger Bands Squeezing Together CALCULATION PARAMETERS ----------------------- Periodicity: Daily COLUMN FORMULAS --------------- ColumnA: Close CLOSE ColumnB: Squeeze Fml("BB Squeeze") ColumnC: 2DaySQ If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-1)=1,1,0) ColumnD: 3DaySQ If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-3)=1,1,0) ColumnE: 5DaySQ If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-5)=1,1,0) ColumnF: 8DaySQ If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-8 )=1,1,0) FILTER SOURCE ------------- Filter Enabled: Yes Formula: colA>20 AND (colB=1 OR colC=1 OR colD=1 OR colE=1 OR colF=1)