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
Indicator · Pine Script v5 · Own pane
Squeeze Momentum BB Enhanced
The Squeeze Momentum BB Enhanced indicator computes a momentum oscillator from close prices using linear regression or SMA.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code89
Settings11inputs
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
Squeeze Momentum BB Enhanced identifies squeezes between Bollinger Bands and Keltner Channels to flag potential breakouts. Plots include colored momentum lines, fast and slow EMAs, and a strength meter in a separate pane. Divergence alerts appear as shapes when RSI conditions align with squeeze release and momentum zero cross. Settings control lengths for basis, bands, momentum, and toggle visibility of divergence and strength. It serves as a technical analysis tool for crypto traders detecting volatility contractions and momentum shifts.
- momentum oscillator
- bollinger bands squeeze
- keltner channel
- rsi divergence
- momentum strength
Details
Published by
caizongxun on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Volatility & bands
Markets
Crypto
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 |
|---|---|---|---|
| Basis Length | int | 20 | basis_length |
| Basis Source | source | close | basis |
| BB Length | int | 20 | bb_length |
| BB Multiplier | float | 2.0 | bb_mult |
| KC Length | int | 20 | kc_length |
| KC Multiplier | float | 1.5 | kc_mult |
| Momentum Length | int | 12 | mom_length |
| Momentum Smooth | int | 2 | mom_smooth |
| Use Linear Regression | bool | true | use_linear_reg |
| Show Divergence | bool | true | show_divergence |
| Show Strength Meter | bool | true | show_strength |
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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