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 v5 · Own pane
Momentum Divergence with Bollinger Bands
This indicator calculates and plots Momentum, an exponential moving average of momentum, the Relative Strength Index (RSI), and KDJ oscillator lines in a separate pane.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code82
Settings13inputs
LicenceNone stated
Last update9 months ago22 Jan 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
Momentum Divergence with Bollinger Bands evaluates Bollinger Band bandwidth expansion alongside momentum acceleration to generate bullish and bearish divergence alert conditions when RSI or KDJ recover from oversold or overbought zones. User inputs configure calculation periods and smoothing for Bollinger Bands, Momentum, RSI, and KDJ, as well as toggle the visibility of individual plots. As an indicator, it generates alert triggers rather than automated execution orders.
- Momentum oscillator with smoothed EMA
- RSI and KDJ divergence detection
- Bollinger Band bandwidth expansion filter
- Configurable oscillator display toggles
Details
Published by
caizongxun on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands, Divergence
Markets
Crypto
Timeframes
M15-H1, H4 and above
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 |
|---|---|---|---|
| BB Length | int | 20 | bb_length |
| BB Std Dev | float | 2.0 | bb_stddev |
| BB Source | source | close | source_bb |
| Momentum Period | int | 12 | momentum_length |
| RSI Period | int | 14 | rsi_length |
| KDJ Period | int | 9 | kdj_period |
| KDJ Smooth K | int | 3 | kdj_smooth_k |
| KDJ Smooth D | int | 3 | kdj_smooth_d |
| Show Momentum | bool | true | show_momentum |
| Show RSI | bool | true | show_rsi |
| Show KDJ | bool | true | show_kdj |
| Show BB Bands | bool | true | show_bb_band |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Divergence Alert | bool | true | show_divergence_alert |
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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