This indicator plots a TTM Squeeze momentum oscillator and a MACD line in a separate pane. It builds the squeeze oscillator from a linear regression of price against a high-low and simple moving average midpoint, and colors the area by slope and sign. Circles
Indicator · Pine Script v6 · Own pane
Adaptive Squeeze Momentum Pro
A squeeze and momentum oscillator in a separate pane.
GitHub stars1on the repository
Pine versionv6current
Lines of code266
Settings27inputs
LicenceNone stated
Last update2 months ago23 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Adaptive Squeeze Momentum Pro compares an EMA-based volatility band with an ATR channel to detect squeezes and plots a smoothed momentum histogram colored by strength and direction. Regular and hidden divergence between price and momentum can be labeled with lines, with an optional early mode that does not wait for pivot confirmation, and an optional higher-timeframe trend filter. Divergences can also be duplicated on the price chart. Presets run from conservative to scalping.
- Squeeze detection from bands and ATR channel
- Smoothed momentum histogram
- Regular and hidden divergence labels
- Early divergence option
- Optional higher-timeframe filter
Details
Published by
vedkanani123 on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands, Divergence
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Squeeze Length | int | 21 | lengthInput |
| Source | source | close | sourceInput |
| Volatility Band Mult | float | 1.8 | bbMultInput |
| ATR Channel Mult | float | 1.6 | atrMultInput |
| Momentum Length | int | 20 | momLengthInput |
| Preset | string | Default | presetInput |
| Detect Divergences | bool | true | useDivergenceInput |
| Divergence Lookback | int | 3 | divLookbackInput |
| Early Divergence (no right confirm) | bool | true | earlyDivInput |
| Use HTF Trend Filter | bool | false | useHtfFilterInput |
| Higher Timeframe | timeframe | 60 | htfInput |
| Show Divergence Labels | bool | true | showDivSignalsInput |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Divergence Lines | bool | true | showDivLinesInput |
| Show Divergences on Chart | bool | true | showOverlayInput |
| Show Squeeze Background | bool | false | showBgInput |
| Show Watermark | bool | true | showWatermarkInput |
| Label Size | string | Tiny | labelSizeInput |
| Theme | string | Auto | themeInput |
| Bull Strong | color | #00E676 | bullStrongInput |
| Bull Weak | color | #00897B | bullWeakInput |
| Bear Strong | color | #FF5252 | bearStrongInput |
| Bear Weak | color | #AD1457 | bearWeakInput |
| Squeeze BG | color | #FF6D00 | sqzBgColorInput |
| Div Bull Line | color | #00E676 | divBullLineInput |
| Div Bear Line | color | #FF5252 | divBearLineInput |
| Webhook JSON Format | bool | false | webhookInput |
| Momentum Smoothing | int | 3 | smoothInput |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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