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The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v6 · On the chart
SQZ+MOM - (Buy/Sell) Indicator
This script calculates squeeze conditions by comparing Bollinger Bands with Keltner Channels and plots linear regression momentum lines directly on the main price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code78
Settings5inputs
LicenceNone stated
Last update7 months ago27 Mar 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
SQZ+MOM - (Buy/Sell) Indicator checks whether Bollinger Bands fall inside Keltner Channels to identify volatility squeezes, highlighting the chart background in red during squeezes and green when released. Momentum is calculated using linear regression on price deviations from a mid-point average and rendered as dynamic price-centered lines above or below the close.
- Bollinger Bands and Keltner Channel squeeze detection
- Linear regression momentum calculation
- Price-centered dynamic momentum lines
- Background color highlights for squeeze state
Details
Published by
gabriel-klettur on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Oscillators & momentum
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 |
|---|---|---|---|
| BB Length | int | 20 | lengthBB |
| BB MultFactor | float | 2.0 | multBB |
| KC Length | int | 20 | lengthKC |
| KC MultFactor | float | 1.5 | multKC |
| Use True Range (KC) | bool | true | useTrueRange |
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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