This indicator calculates the distribution of close-to-close percentage changes using rate of change on closing prices. It bins percentage changes into intervals of 0.25 percent increments from negative to positive values and plots a normalized cumulative hist
Indicator · Pine Script v5 · Own pane
Squeeze Pro
Squeeze Pro measures market volatility compression by comparing Bollinger Bands against three tiers of Keltner Channels (wide, normal, and narrow).
GitHub stars99on the repository
Pine versionv5runs as is
Lines of code15
Settings5inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
15 lines of Pine Script v5 from lib/oscillators/squeeze_pro/squeeze_pro.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Squeeze Pro", "SQUEEZE_PRO")
period = input.int(20, minval=2)
bbMult = input.float(2.0)
kcWide = input.float(2.0)
kcNormal = input.float(1.5)
kcNarrow = input.float(1.0)
middle = ta.sma(close, period)
deviation = ta.stdev(close, period)
atr = ta.atr(period)
insideWide = middle + bbMult * deviation < middle + kcWide * atr and middle - bbMult * deviation > middle - kcWide * atr
insideNormal = middle + bbMult * deviation < middle + kcNormal * atr and middle - bbMult * deviation > middle - kcNormal * atr
insideNarrow = middle + bbMult * deviation < middle + kcNarrow * atr and middle - bbMult * deviation > middle - kcNarrow * atr
level = insideNarrow ? 3 : insideNormal ? 2 : insideWide ? 1 : 0
plot(level, "Squeeze Level", style=plot.style_columns, color=color.blue)
Overview
Squeeze Pro calculates squeeze intensity based on whether Bollinger Bands fall within these respective channel boundaries, plotting an integer squeeze level from 0 to 3 as columns in a separate pane. Users can adjust the base period, Bollinger Band multiplier, and the three Keltner Channel multipliers.
- Three-tier volatility squeeze detection
- Bollinger Bands and Keltner Channel comparison
- Customizable channel multipliers
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
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.
Topics
algorithmic-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| period | int | 20 | period |
| bbMult | float | 2.0 | bbMult |
| kcWide | float | 2.0 | kcWide |
| kcNormal | float | 1.5 | kcNormal |
| kcNarrow | float | 1.0 | kcNarrow |
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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