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 v6 · Own pane
Multi-Indicator Suite: RSI + Momentum + ADX + WaveTrend
Shows four tools in one separate pane: RSI with divergence detection, a squeeze momentum histogram from Bollinger and Keltner bands, an ADX and DMI block, and WaveTrend with overbought levels.
GitHub stars1on the repository
Pine versionv6current
Lines of code351
Settings33inputs
LicenceNone stated
Last update6 months ago17 Apr 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
Each can be switched on or off and has its own length inputs, with RSI at 14 and ADX key level at 23 by default. Regular and optional hidden divergences are labelled on the RSI line using pivot lookbacks, which means they appear only after the pivot is confirmed.
- RSI with regular and hidden divergence labels
- Squeeze momentum histogram
- ADX and DMI block
- WaveTrend oscillator
- Individual toggles and lengths
Details
Published by
dtheran1 on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence, 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show RSI Divergence | bool | true | show_RSI |
| RSI Period | int | 14 | len |
| RSI Source | source | close | src |
| Pivot Lookback Right | int | 5 | lbR |
| Pivot Lookback Left | int | 5 | lbL |
| Max of Lookback Range | int | 60 | rangeUpper |
| Min of Lookback Range | int | 5 | rangeLower |
| Plot Bullish | bool | true | plotBull |
| Plot Hidden Bullish | bool | false | plotHiddenBull |
| Plot Bearish | bool | true | plotBear |
| Plot Hidden Bearish | bool | false | plotHiddenBear |
| Show Squeeze Momentum | bool | true | show_Momentum |
Show all 33 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| BB Length | int | 20 | length_sqz |
| BB MultFactor | float | 2.0 | mult_bb |
| KC Length | int | 20 | lengthKC_sqz |
| KC MultFactor | float | 1.5 | multKC_sqz |
| Use TrueRange (KC) | bool | true | useTrueRange_sqz |
| Normalization Lookback | int | 100 | norm_length_sqz |
| Normalized Scale | float | 50.0 | norm_scale_sqz |
| Show ADX/DMI Indicator | bool | true | show_ADX_Indicator |
| Show DMI | bool | true | show_DMI_adx |
| DI Length | int | 14 | dilen_adx |
| Type | string | RMA | type_ma_adx |
| Show ADX | bool | true | show_ADX_adx |
| ADX Smoothing | int | 14 | adxlen_adx |
| Key level for ADX | int | 23 | keyLevel_adx |
| Show WaveTrend | bool | true | show_WaveTrend |
| Channel Length | int | 10 | n1_wt |
| Average Length | int | 21 | n2_wt |
| Over Bought Level 1 | int | 60 | obLevel1_wt |
| Over Bought Level 2 | int | 42 | obLevel2_wt |
| Over Sold Level 1 | int | -60 | osLevel1_wt |
| Over Sold Level 2 | int | -42 | osLevel2_wt |
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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