by 
This strategy identifies breakout momentum by combining Bollinger Bands and Keltner Channels with volume confirmation. It opens long positions when the upper Keltner Channel crosses above the upper Bollinger Band and volume exceeds its moving average. Converse
Strategy · Pine Script v5 · On the chart
Talons BB Squeeze Breakout
This strategy identifies Bollinger Band squeezes and enters positions on volatility breakouts.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code43
Settings5inputs
LicenceNone stated
Last update5 months ago29 May 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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
Talons BB Squeeze Breakout defines a squeeze when the normalized band width over the last five bars drops below its 25th percentile over a configurable lookback window. When a breakout occurs beyond the upper or lower band with optional volume confirmation, it enters a long or short trade. The stop loss is set at the middle moving-average band, and the take profit is projected at 2.5 times the initial risk distance. It plots the bands and breakout arrows directly on the price chart.
- Bollinger Band squeeze detection via bandwidth percentile
- Volume expansion confirmation filter
- Dynamic stop loss placed at the middle band
- Fixed 1:2.5 risk-to-reward take-profit target
- Direct chart overlay with breakout signal shapes
Details
Published by
muammeryldrm42 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Breakout, Volume
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 |
|---|---|---|---|
| BB Period | int | 20 | bbLen |
| BB Std | float | 2.0 | bbStd |
| Squeeze Lookback | int | 50 | sqLb |
| Volume Mult | float | 1.2 | volMult |
| Use Volume Filter | bool | true | useVol |
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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