This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v6 · On the chart
Bollinger Bands [trugurpala]
This indicator plots classic Bollinger Bands on the price chart using a simple moving average basis and upper and lower bands set by a length and multiplier.
GitHub stars4on the repository
Pine versionv6current
Lines of code25
Settings3inputs
LicenceMIT
Last update2 months ago3 Aug 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 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
25 lines of Pine Script v6 from examples/indicators/04_bollinger_bands.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Bollinger Bands + Squeeze Detection — github.com/trugurpala/pinescriptv6
// Author: Ugur Pala · mail@ugurpala.com
indicator("Bollinger Bands [trugurpala]", overlay=true)
// ── Inputs ───────────────────────────────────────────────────────────────────
int bbLen = input.int(20, "BB Length", minval=1)
float bbMult = input.float(2.0, "BB Mult", step=0.1)
bool showSqueeze = input.bool(true, "Show Squeeze")
// ── Calculations ─────────────────────────────────────────────────────────────
[upper, basis, lower] = ta.bb(close, bbLen, bbMult)
float bbWidth = ta.bbw(close, bbLen, bbMult)
bool squeeze = showSqueeze and bbWidth == ta.lowest(bbWidth, 20)
// ── Visuals ──────────────────────────────────────────────────────────────────
p1 = plot(upper, "Upper", color.new(color.blue, 40))
p2 = plot(lower, "Lower", color.new(color.blue, 40))
plot(basis, "Basis", color.new(color.orange, 20), linewidth=2)
fill(p1, p2, color.new(color.blue, 90))
bgcolor(squeeze ? color.new(color.purple, 88) : na, title="Squeeze")
plotshape(squeeze, "Squeeze", shape.circle, location.bottom, color.new(color.purple, 30), size=size.tiny)
// ── Alerts ───────────────────────────────────────────────────────────────────
alertcondition(squeeze, "BB Squeeze", "Bollinger Squeeze — {{ticker}} @ {{close}}")
Overview
Bollinger Bands [trugurpala] shades the area between the bands and, when enabled, marks a squeeze when band width equals its lowest value over the last twenty bars. A purple background, a small circle, and an alert condition flag that squeeze. Length, multiplier, and the squeeze toggle are the main settings. It does not generate trade entries or exits.
- Upper, basis and lower Bollinger Bands
- Fill between the upper and lower bands
- Optional twenty-bar band-width squeeze
- Background and circle squeeze markers
- Squeeze alert condition
Details
Published by
trugurpala on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
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.
Topics
aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis
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 | bbLen |
| BB Mult | float | 2.0 | bbMult |
| Show Squeeze | bool | true | showSqueeze |
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.
Similar Pine Scripts
This overlay indicator marks ICT liquidity void fills on the price chart and can show long and short signals. It places a Fibonacci level inside a displacement candle, defaulting to the midpoint, and draws lines in a chosen style. Optional filters limit the fi
This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
This indicator calculates an ATR trailing stop line derived from the highest high minus an average true range multiple over a specified lookback period. It plots the trailing stop line directly on the price chart and colors price bars based on whether the clos
This indicator plots three exponential moving averages and ATR volatility envelopes on the price chart. It compares the fast and slow EMAs to shade a trend ribbon and marks confirmed upward and downward crossovers with triangle labels. Settings change the thre
This indicator calculates an outlier-filtered moving average based on statistical filtering concepts. It stores close prices in a rolling array over a user-defined length, calculates the mean and standard deviation, and excludes values falling within a specifi
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers