by 
A momentum strategy combining the TTM Squeeze oscillator with an RSI filter. It calculates linear regression momentum relative to Bollinger Bands and Keltner Channels alongside an RSI oscillator. Long signals trigger when momentum rises from below zero while R
Strategy · Pine Script v4 · Own pane
Alper
This strategy combines the WaveTrend oscillator with Bollinger Bands and Keltner Channels squeeze momentum calculations in a separate pane.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code182
Settings29inputs
LicenceNone stated
Last update7 months ago5 Mar 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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
Alper displays WaveTrend signal lines, oscillator difference areas, threshold levels, and crossover points directly in the subwindow while coloring bars on crosses. Entries are controlled within a specific backtest date range using momentum and crossover logic. Position risk is managed through configurable stop loss, take profit, and trailing stop inputs.
- WaveTrend oscillator with crossover highlighting
- Squeeze momentum indicator using Bollinger Bands and Keltner Channels
- Configurable overbought and oversold levels
- Integrated stop loss, take profit, and trailing stop management
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands
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 |
|---|---|---|---|
| Backtest Start Month | int | 5 | fromMonth |
| fromDay | int | 22 | fromDay |
| Backtest Stop Month | int | 12 | thruMonth |
| Backtest Stop Day | int | 30 | thruDay |
| Backtest Start Year | int | 2021 | fromYear |
| Backtest Stop Year | int | 2021 | thruYear |
| Channel Length | int | 9 | n1 |
| Average Length | int | 20 | n2 |
| BB Length | int | 14 | length |
| BB MultFactor | float | 2.0 | mult |
| KC Length | int | 17 | lengthKC |
| KC MultFactor | float | 1.5 | mult_kc |
Show all 29 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Filter for Momenutum value | bool | true | useMomAverage |
| Min for momentum | int | 20 | MomentumMin |
| Length Fast RSI | int | 5 | len_fast |
| Length Slow RSI | int | 14 | len_slow |
| Over Bought Level 1 | int | 70 | obLevel1 |
| Over Bought Level 2 | int | 53 | obLevel2 |
| Over Sold Level 1 | int | -70 | osLevel1 |
| Over Sold Level 2 | int | -53 | osLevel2 |
| Fast MA Source | source | open | maFastSource |
| Fast MA Period | int | 14 | maFastLength |
| Slow MA Source | source | open | maSlowSource |
| Slow MA Period | int | 21 | maSlowLength |
| Invert Trade Direction? | bool | false | tradeInvert |
| Take Profit | int | 2000 | inpTakeProfit |
| Stop Loss | int | 450 | inpStopLoss |
| Trailing Stop Loss | int | 100 | inpTrailStop |
| Trailing Stop Loss Offset | int | 0 | inpTrailOffset |
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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