This indicator plots a TTM Squeeze momentum oscillator and a MACD line in a separate pane. It builds the squeeze oscillator from a linear regression of price against a high-low and simple moving average midpoint, and colors the area by slope and sign. Circles
Indicator · Pine Script v4 · Own pane
Trading Latino
A separate-pane indicator, short title LVA, that pairs a squeeze momentum histogram with an ADX-style line.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code483
Settings27inputs
LicenceNone stated
Last update4 years ago16 Feb 2022
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
Cross markers on the zero line show whether Bollinger Bands are inside Keltner Channels. It adds an optional higher-timeframe status monitor with an adjustable distance and colours, plus regular and hidden divergence detection from pivot highs and lows, with lookback range settings and optional labels. Inputs set band lengths, multipliers and ADX scaling. It marks conditions only and has no order, stop loss or take profit logic. Divergence signals depend on confirmed pivots.
- Squeeze momentum histogram and ADX-style line
- Bollinger and Keltner squeeze markers
- Regular and hidden divergence detection
- Higher-timeframe status monitor
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Mostrar monitor de principal | bool | true | showMonitorPrincipal |
| Mostrar Squeeze | bool | true | showSqueeze |
| BB Length | int | 20 | length |
| BB MultFactor | float | 2.0 | mult |
| KC Length | int | 20 | lengthKC |
| KC MultFactor | float | 1.5 | multKC |
| Use TrueRange (KC) | bool | true | useTrueRange |
| Mostrar ADX | bool | true | showAdx |
| ADX | int | 14 | lensig |
| Key | int | 23 | key |
| Scala | int | 14 | scale |
| dx | int | 0 | dx |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Mostrar monitor de temporalidad superior | bool | true | showMonitorSuperior |
| ------Show STATUS---------- | bool | true | show_status |
| Distancia del monitor | int | 10 | dist |
| label Color | color | color.new(#696969, 90) | dashColor |
| Text Color | color | color.new(#ffffff, 0) | dashTextColor |
| ------Divergencias-------- | bool | true | show_div |
| Pivot Lookback Right | int | 1 | lbR |
| Pivot Lookback Left | int | 1 | lbL |
| Max of Lookback Range | int | 60 | rangeUpper |
| Min of Lookback Range | int | 1 | rangeLower |
| Plot Bullish | bool | true | plotBull |
| Plot Hidden Bullish | bool | true | plotHiddenBull |
| Plot Bearish | bool | true | plotBear |
| Plot Hidden Bearish | bool | true | plotHiddenBear |
| Plot label | bool | false | plotlab |
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.
Similar Pine Scripts
The Bubbles Indicator measures volatility squeezes and expansion bursts using Bollinger Bands combined with a sinusoid oscillator and RSI divergence. It processes price data through scaled Bollinger Bands to highlight volatility changes while confirming trend
The TTM Squeeze Divergence indicator plots a classic TTM Squeeze momentum oscillator in a separate pane alongside Bollinger Bands and Keltner Channels squeeze status dots on the zero line. It detects regular and hidden bullish and bearish divergences between p
This indicator plots the Relative Strength Index in a separate pane from smoothed up and down price changes. It draws the RSI line with horizontal bands at 70, 50 and 30, plus overbought and oversold gradient fills. Optional settings add a smoothing moving ave
This indicator plots a smoothed fear index in a separate pane. It measures how far the current low sits below the highest close over a lookback, scales that reading by an ATR percentile, and smooths it with a zero-lag EMA. A volatility regime raises or lowers
Adaptive RSI Divergence Engine calculates a Relative Strength Index with dynamic overbought and oversold bands that adapt to market volatility via an ATR percentile rank. It identifies both regular and hidden divergences by scanning confirmed pivot highs and l
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers