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
Multi Indicator Stats
This indicator computes several classic studies in a separate pane: Bollinger Bands from a simple moving average and standard deviation, an inverse-Fisher transform of the CCI smoothed by a weighted moving average, RSI, MACD with a histogram, and Stochastic RSI.
GitHub stars29on the repository
Pine versionv5runs as is
Lines of code110
Settings31inputs
LicenceNone stated
Last update1 year ago19 Oct 2025
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
Inputs set lengths, sources, band multiplier, MACD moving-average type, stochastic smoothing, channel and average lengths, and overbought and oversold levels. In the visible code the plot calls are commented out, so nothing is drawn until those lines are enabled. It is not a strategy and has no entries, exits, or stop loss.
- Bollinger Bands with adjustable deviation
- Inverse Fisher CCI with WMA smoothing
- RSI and Stochastic RSI
- MACD with SMA or EMA options
- Overbought and oversold level inputs
Details
Published by
algocode2022 on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands
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.
Repository
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 |
| Source | source | close | src |
| StdDev | float | 2.0 | mult |
| Offset | int | 0 | offset |
| CCI Length | int | 5 | ccilength |
| Smoothing length | int | 9 | wmalength |
| RSI Length | int | 14 | rsiLengthInput |
| RSI Source | source | close | rsiSourceInput |
| Fast Length | int | 12 | fast_length |
| Slow Length | int | 26 | slow_length |
| MacD Source | source | close | macdSourceInput |
| Signal Smoothing | int | 9 | signal_length |
Show all 31 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Oscillator MA Type | string | EMA | sma_source |
| Signal Line MA Type | string | EMA | sma_signal |
| MACD Line | color | #2962FF | col_macd |
| Signal Line | color | #FF6D00 | col_signal |
| Above Grow | color | #26A69A | col_grow_above |
| Fall | color | #B2DFDB | col_fall_above |
| Below Grow | color | #FFCDD2 | col_grow_below |
| Fall | color | #FF5252 | col_fall_below |
| K | int | 3 | smoothK |
| D | int | 3 | smoothD |
| RSI Length | int | 14 | lengthRSI |
| Stochastic Length | int | 14 | lengthStoch |
| RSI Source | source | close | stochSourceInput |
| Channel Length | int | 10 | n1 |
| Average Length | int | 21 | n2 |
| Over Bought Level 1 | int | 60 | obLevel1 |
| Over Bought Level 2 | int | 53 | obLevel2 |
| Over Sold Level 1 | int | -60 | osLevel1 |
| Over Sold Level 2 | int | -53 | osLevel2 |
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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