This strategy executes mean-reversion trades based on Bollinger Bands and the Stochastic Oscillator. Long orders trigger when price dips below the lower band alongside a bullish Stochastic crossover, with an optional oversold threshold. Short orders execute on
Strategy · Pine Script v5 · Own pane
TTM Squeeze [Alorse]
A momentum strategy combining the TTM Squeeze oscillator with an RSI filter.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code37
Settings5inputs
LicenceNone stated
Last update2 months ago25 Aug 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
TTM Squeeze [Alorse] calculates linear regression momentum relative to Bollinger Bands and Keltner Channels alongside an RSI oscillator. Long signals trigger when momentum rises from below zero while RSI crosses above 30, and short signals execute when momentum falls from above zero while RSI crosses below 70. Configurable settings include channel lengths, RSI source, and an optional percentage-based take profit. Note that the strategy has no stop loss by default.
- TTM Squeeze oscillator histogram
- RSI filter confirmation
- Bollinger Bands and Keltner Channels squeeze
- Optional percentage take profit
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | length |
| Length | int | 14 | len |
| Source | source | close | src |
| ╔══════ Enable ══════╗ | bool | false | useTP |
| Percent | float | 1.2 | TPPercent |
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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