by 
Calculates standard Bollinger Bands and identifies band expansion breakouts where upper and lower bands move in opposite directions. It enters long positions when price breaks above the upper band with a high candle body percentage, and enters short positions
Strategy · Pine Script v6 · On the chart
BB Squeeze Breakout
A strategy that trades the release of a Bollinger Band and Keltner Channel squeeze.
Archived by its author
GitHub stars1on the repository
Pine versionv6current
Lines of code52
Settings10inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago31 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
52 lines of Pine Script v6 from strategies/agent-examples/bb-squeeze-breakout-strategy.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// Strategy derived from pinescript-agents/examples/simple/bollinger-squeeze.pine for backtesting in pinescripts-collections.
//@version=6
strategy("BB Squeeze Breakout [Agent Example]", shorttitle="BBSqzStr", overlay=true, margin_long=100, margin_short=100, default_qty_type=strategy.percent_of_equity, default_qty_value=10, commission_type=strategy.commission.percent, commission_value=0.1)
bbLength = input.int(20, "BB Length", minval=1, group="Bands")
bbMult = input.float(2.0, "BB Multiplier", minval=0.1, step=0.1, group="Bands")
kcLength = input.int(20, "KC Length", minval=1, group="Keltner")
kcMult = input.float(1.5, "KC Multiplier", minval=0.1, step=0.1, group="Keltner")
useStop = input.bool(true, "Use ATR Stop / Target", group="Risk")
atrLen = input.int(14, "ATR Length", minval=1, group="Risk")
slMult = input.float(1.5, "Stop ATR Mult", minval=0.1, step=0.1, group="Risk")
tpMult = input.float(2.5, "Target ATR Mult", minval=0.1, step=0.1, group="Risk")
bullColorInput = input.color(#089981, "Bullish Color", group="Visuals")
bearColorInput = input.color(#f23645, "Bearish Color", group="Visuals")
basis = ta.sma(close, bbLength)
dev = bbMult * ta.stdev(close, bbLength)
bbUpper = basis + dev
bbLower = basis - dev
kcMA = ta.ema(close, kcLength)
kcRange = ta.atr(kcLength)
kcUpper = kcMA + kcRange * kcMult
kcLower = kcMA - kcRange * kcMult
squeeze = bbUpper < kcUpper and bbLower > kcLower
noSqueeze = bbUpper > kcUpper or bbLower < kcLower
donchianMid = (ta.highest(high, kcLength) + ta.lowest(low, kcLength)) / 2
momentum = close - donchianMid
releaseLong = noSqueeze and not noSqueeze[1] and momentum > 0
releaseShort = noSqueeze and not noSqueeze[1] and momentum < 0
atr = ta.atr(atrLen)
if releaseLong
strategy.entry("Long", strategy.long)
if releaseShort
strategy.entry("Short", strategy.short)
if useStop
if strategy.position_size > 0
strategy.exit("LX", "Long", stop=strategy.position_avg_price - slMult * atr, limit=strategy.position_avg_price + tpMult * atr)
if strategy.position_size < 0
strategy.exit("SX", "Short", stop=strategy.position_avg_price + slMult * atr, limit=strategy.position_avg_price - tpMult * atr)
plotshape(releaseLong, "Long Release", shape.triangleup, location.belowbar, color.new(bullColorInput, 0), size=size.tiny, text="L")
plotshape(releaseShort, "Short Release", shape.triangledown, location.abovebar, color.new(bearColorInput, 0), size=size.tiny, text="S")
bgcolor(squeeze ? color.new(#2a2e39, 93) : na, title="Squeeze Regime")
Overview
When the bands move back outside the channel, it buys if momentum, measured against the Donchian midline, is positive and sells short if it is negative. An optional ATR-based stop loss and take profit are attached to each position, 1.5 and 2.5 ATR by default. Position size is ten percent of equity, with a commission assumption in the settings.
- Squeeze release entries
- Momentum direction filter
- Optional ATR stop and target
- Entry markers and squeeze background
Details
Published by
shubhamtaywade82 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Breakout
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 |
|---|---|---|---|
| BB Length | int | 20 | bbLength |
| BB Multiplier | float | 2.0 | bbMult |
| KC Length | int | 20 | kcLength |
| KC Multiplier | float | 1.5 | kcMult |
| Use ATR Stop / Target | bool | true | useStop |
| ATR Length | int | 14 | atrLen |
| Stop ATR Mult | float | 1.5 | slMult |
| Target ATR Mult | float | 2.5 | tpMult |
| Bullish Color | color | #089981 | bullColorInput |
| Bearish Color | color | #f23645 | bearColorInput |
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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