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 v6 · Own pane
Quick Scan for Signal
The Quick Scan for Signal indicator calculates a custom market efficiency ratio by comparing net price displacement against total price movement over a specified lookback period or cumulatively from the chart start.
GitHub stars5on the repository
Pine versionv6current
Lines of code66
Settings2inputs
LicenceNone stated
Last update8 months ago21 Feb 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
Quick Scan for Signal calculates statistical boundaries based on mean, standard deviation, skewness, and kurtosis to plot upper and lower deviation, extension, and limit bands around a central basis. Plotted in a separate pane, the indicator helps evaluate trend efficiency and volatility limits. Setting the length input to zero measures cumulatively from the beginning of the chart.
- Custom price efficiency ratio calculation
- Statistical deviation, extension, and limit bands
- Supports cumulative and fixed lookback periods
Details
Published by
gorx1 on GitHub
Type
Indicator, Pine Script v6
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| source | source | close | source |
| length | int | 0 | length |
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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