This indicator plots a TTM Squeeze momentum oscillator and a MACD line in a separate pane. It builds the squeeze oscillator from a linear regression of price against a high-low and simple moving average midpoint, and colors the area by slope and sign. Circles
Indicator · Pine Script v4 · Own pane
Bubbles Indicator
The Bubbles Indicator measures volatility squeezes and expansion bursts using Bollinger Bands combined with a sinusoid oscillator and RSI divergence.
Repaints
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code50
Settings9inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
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
Bubbles Indicator processes price data through scaled Bollinger Bands to highlight volatility changes while confirming trend direction using smoothed RSI calculations and Commodity Channel Index values. Adjustable settings include Bollinger Band lookbacks and multipliers, CCI parameters, sinusoid alpha smoothing, and RSI periods. It plots filled volatility bands and divergence lines in a separate pane. Enabling the optional repainting toggle utilizes security lookahead data.
- Bollinger Bands squeeze and expansion calculation
- Sinusoid oscillator and CCI threshold indicators
- Dual RSI difference momentum divergence plot
- Customizable smoothing and lookback parameters
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, Oscillators & momentum, Divergence
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Price Data | source | close | prix |
| Bollinger Bands Lookback Window | int | 6 | pdmn |
| StdDev Multiplier | input | 2. | mult |
| CCI Lookback Window | int | 5 | pcci |
| Lookback Window for Sinusoid | int | 2 | p |
| Alpha | float | 0.6 | alpha |
| RSI Fast Lookback (5) | int | 1 | fast |
| RSI Slow Lookback (14) | int | 2 | slow |
| Repaint? | bool | false | repnt |
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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