Hi Zenoni,
try this one attached, it should match the MT 4. It does not have dots, but it has a blue line in front of the histogram. If it's over 0, it is a green dot; if it under 0, it is a red dot. The last number parameter you can change the height to make it clearly visible.

I don't know what the dots are called, I am using "Fire" because I saw that in the ForexFactory thread.

There should be enough logic cases to cover most permutations, eg:
                "The BB Squeeze is higher than the level line and Fire is on",
                "The BB Squeeze is higher than the level line and Fire is off",
        "The BB Squeeze is lower than the level line and Fire is on",
                "The BB Squeeze is lower than the level line and Fire is off",
        "The BB Squeeze is higher than the level line",
        "The BB Squeeze is lower than the level line",
        "The BB Squeeze rises and Fire is on",
        "The BB Squeeze rises and Fire is off",
        "The BB Squeeze falls and Fire is on",
        "The BB Squeeze falls and Fire is off",
        "The BB Squeeze rises",
        "The BB Squeeze falls",
        "Fire is on",
        "Fire is off",
        "Draw only, no Entry or Exit signals"

so you can choose if you want to use the BBSqueeze with the Fire, the BB Squeeze alone, or the Fire alone (then it is a NonDirectional Oscillator, like ADX).

The values should match what you get in MetaTrader; I did a quick test with EURUSD, they seemed to match for me.

I have not tested with FST.

Please advise if you find bugs, like the values don't match, the logic does not enter or exit correctly, get errors with the Optimizer, Generator, etc, I'll try to fix it. Let me know how it goes.

I think that's right, I'm fairly sure it will be rises/falls + on, or rises/falls + off, not rises+on/falls+off. Let me expand on the logic conditions, I'm pretty sure it's:

"The BB Squeeze rises and Fire is on",
Long = squeeze rises, fire is on
Short = squeeze falls, fire is on

"The BB Squeeze rises and Fire is off",
Long = squeeze rises, fire is off
Short = squeeze falls, fire is off

"The BB Squeeze falls and Fire is on",
Long = squeeze falls, fire is on
Short = squeeze rises, fire is on

"The BB Squeeze falls and Fire is off",
Long = squeeze falls, fire is off
Short = squeeze rises, fire is off

Sorry for the confusion, it's really 2 indicators in one. The BB Squeeze is directional, it will go up and down with price, like a moving average or MACD. The Fire is nondirectional, so if there's enough movement it goes up, not enough it goes down, like the ADX.

I didn't really understand it, I tried to keep it close to the original. It was something about Bollinger Bands squeezing in on a Keltner Channel, and it had to squeeze to some minimum proportion to turn on the Fire.

Any chance of adding the logic "fire changes from on to off" ?

Then I could add other indicator to try and get the direction. The important part is the fact that it has changed not what colour it is.

Thanks

How about this version -- here's a screenshot -- it is for the bar when fire changes from on to off. It allows long or short entries.
"Fire changes from on to off":
- only in the bar of change; subsequent off bars are no change thus disallowed

"Fire is off":
- in the bar of change, and subsequent bars (eg, fire is off)

In the screenshot, it shows the expected behavior for "Fire changes from off to on", meaning allow only on the bar of change.

Let me know if this was what you were hoping for, or if not try to describe what it should be. Sorry if this takes a few attempts, and thanks for your patience -- it takes a few iterations and examples to get the request as intended.

Krog, what does the "fire line" value do?

It's not difficult to add more chart types. We need a screen shot and a proper indicator.