I was tinkering with Bollinger Bands, Keltner Channels, and TTM_Squeeze today as I considering a visual representation of what a Squeeze actually is and remembered this topic... I believe what
@JMath3 is looking for is a percentage measurement of the amount of Squeeze but the problem is in the length of the Squeeze... Taking the length into consideration one would have to sum the values of each band during the Squeeze, average each bangs Squeeze value, find the difference between the Keltner Channels and Bollinger Bands, and then divide the difference by the sum of the Keltner Channels upper and lower band averages... The following is a mathematical example for a single candle... The calculation is based off of a random Squeeze on TLT from yesterday...
Upper KC Price: 157.57
Lower KC Price: 157.28
KC Price Diff: 00.29
Upper BB Price: 157.53
Lower BB Price: 157.32
BB Price Diff: 00.21
KC Price Diff: 00.29
BB Price Diff: 00.21
KC - BB Diff: 00.08
Percent = KC - BB Diff / KC Price Diff = 00.08 / 00.29 = 27.58% GAP
Average of Gap: 00.08 / 00.29 = 27.58% Gap
If someone wants to take the logic and extend it to the entire length of squeezes, go for it... If only the gap between the upper or lower band is desired, it should end up being somewhat close unless there is a great disparity between the upper and lower gaps...