This indicator calculates the distribution of close-to-close percentage changes using rate of change on closing prices. It bins percentage changes into intervals of 0.25 percent increments from negative to positive values and plots a normalized cumulative hist
Indicator · Pine Script v5 · Own pane
BB Squeeze + Breakout
This indicator measures Bollinger Band width as a percentage of the middle band and plots it in a separate pane.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code22
Settings3inputs
LicenceNone stated
Last update4 months ago12 Jun 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
BB Squeeze + Breakout marks a squeeze when that width equals its lowest value over 126 bars and also flags bars where the Bollinger Bands sit inside Keltner Channels built from the same length and an ATR multiple. The plotted line turns red while the bands are inside the Keltner envelope and blue otherwise, and a light red background highlights the 126-bar low. Length, band multiplier, and Keltner multiplier are the main settings. It does not plot entry, exit, or breakout prices.
- Bollinger bandwidth percentage
- 126-bar bandwidth low alert
- Keltner channel squeeze filter
- Separate-pane width plot
- Background squeeze highlight
Details
Published by
kevinesk on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
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 |
|---|---|---|---|
| BB Length | int | 20 | length |
| BB Multiplier | float | 2.0 | mult |
| KC Mult | float | 1.5 | kc_mult |
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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