This indicator plots a TTM Squeeze momentum oscillator in a separate pane. It compares a Bollinger Band offset to a Keltner Channel offset and marks the zero line white when the difference is non-negative and black when the bands are inside the channel. A line
Indicator · Pine Script v4 · Own pane
Bubbles Indicator
Bubbles Indicator visualizes market squeezes and bursts in a separate pane using standard deviation and normalized Bollinger Bands.
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 incorporates a Sinusoid oscillator, a scaled Commodity Channel Index (CCI), and a fast and slow RSI divergence factor to identify directional moves. Settings allow traders to adjust lookback periods for Bollinger Bands, CCI, RSI, and Sinusoid components. The indicator highlights potential shifts with dynamic colored lines and shaded background bands.
- Bollinger Band squeeze and burst visualization
- Sinusoid oscillator momentum curve
- Dual RSI difference divergence line
- Scaled CCI threshold highlights
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- 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.
Similar Pine Scripts
Calculates dynamic modeling values by applying a mathematical logistic differential equation to price change over a specified lookback length. It measures price momentum relative to the recent high-low price range. The script plots positive and negative logist
MACD-V is a volatility-normalized momentum indicator based on research by Alex Spiroglou. It calculates the standard MACD histogram and normalizes it by dividing by the Average True Range (ATR). Plotted in a separate pane as a colored histogram, it includes us
This indicator detects a Bollinger Band squeeze when the bands sit inside Keltner Channels, marking low volatility. It plots red dots during a squeeze and green dots when the bands are outside, in a separate pane. An optional histogram shows momentum as the cl
This indicator generates trade entry signals and target levels optimized for 1-hour timeframes, designed for external signal extraction. It calculates 7-period and 16-period EMAs alongside 10-period RSI and ATR filters. Long signals occur when the fast EMA cro
This indicator plots an oscillator in a separate pane. It builds several SuperTrend series across a user-defined factor range and step, using ATR as the band width. On each bar it measures the distance between the close and each SuperTrend output, then groups
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers