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 v5 · Own pane
Candlestick RSI
Calculates individual Relative Strength Index (RSI) values for price open, high, low, and close to render RSI as candlesticks in a separate pane.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code52
Settings6inputs
LicenceNone stated
Last update4 months ago21 Jun 2026
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
Users can toggle between candlestick and line displays. It includes customizable overbought and oversold thresholds, along with standard deviation volatility bands (Bollinger Bands) based on a Hull Moving Average applied directly to the RSI values.
- Candlestick RSI representation
- Toggleable candlestick or line view
- Hull Moving Average Bollinger Bands on RSI
- Customizable overbought and oversold thresholds
Details
Published by
suyons on GitHub
Type
Draws
Separate pane below the chart
Category
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 |
|---|---|---|---|
| RSI Length | int | 14 | rsiLen |
| Candle / Line | bool | true | rsitype |
| High | int | 70 | rsiH |
| Low | int | 30 | rsiL |
| BB Length | int | 120 | malen |
| BB Stdev | float | 2 | mult |
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
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
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 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
The Bubbles Indicator measures volatility squeezes and expansion bursts using Bollinger Bands combined with a sinusoid oscillator and RSI divergence. It processes price data through scaled Bollinger Bands to highlight volatility changes while confirming trend
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers