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Indicator · Pine Script v6 · On the chart
Bollinger Squeeze
This indicator calculates standard Bollinger Bands using a simple moving average basis along with upper and lower volatility bands.
GitHub stars3on the repository
Pine versionv6current
Lines of code19
Settings3inputs
LicenceGPL-3.0
Last updatetoday28 Oct 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
19 lines of Pine Script v6 from src/script_manager/demos/Bollinger Squeeze.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Example script bundled with DegenView. Edit it freely.
// Bollinger Bands, with the background tinted when the bands are the narrowest
// they have been for a while: a "squeeze", which often comes before a big move.
indicator("Bollinger Squeeze", overlay = true)
length = input.int(20, "Length", minval = 2, group = "Bands")
mult = input.float(2.0, "Multiplier", minval = 0.1, step = 0.1, group = "Bands")
lookback = input.int(100, "Squeeze lookback", minval = 10, group = "Squeeze", tooltip = "A squeeze is the narrowest the bands have been over this many bars.")
[middle, upper, lower] = ta.bb(close, length, mult)
width = (upper - lower) / middle
squeeze = width <= ta.lowest(width, lookback)
plot(middle, "Basis", color = color.orange)
top = plot(upper, "Upper", color = color.blue)
bottom = plot(lower, "Lower", color = color.blue)
fill(top, bottom, color = color.new(color.blue, 90), title = "Band fill")
bgcolor(squeeze ? color.new(color.yellow, 80) : na)
Overview
Bollinger Squeeze measures normalized band width to detect squeeze conditions where the bands contract to their narrowest point over a specified historical lookback period. The script plots the basis line and upper/lower channel boundaries directly on the price chart, filling the space between the bands. When a squeeze is detected, it highlights the chart background to signal potential upcoming volatility expansion.
- Standard Bollinger Bands with upper, lower, and basis plots
- Volatility squeeze detection based on historical band width
- Visual background highlighting during squeeze periods
- Customizable length, multiplier, and squeeze lookback settings
Details
Published by
degenview on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Moving averages
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
bitcoinchartscryptopinestocktradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | length |
| Multiplier | float | 2.0 | mult |
| Squeeze lookback | int | 100 | lookback |
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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