This indicator measures market consolidation and breakout phases by computing a scaled Relative Strength Index (RSI) on normalized price data. It identifies chop zones when the RSI oscillates between 40 and 60, highlighting tight consolidation between 45 and 5
Indicator · Pine Script v5 · Own pane
TTM Squeeze
This indicator detects volatility compression by comparing Bollinger Bands with Keltner Channels.
GitHub stars99on the repository
Pine versionv5runs as is
Lines of code9
Settings3inputs
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
9 lines of Pine Script v5 from lib/dynamics/ttm_squeeze/ttm_squeeze.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("TTM Squeeze", "TTM_SQUEEZE")
period = input.int(20, minval=2)
bbMult = input.float(2.0)
kcMult = input.float(1.5)
middle = ta.sma(close, period)
bbWidth = bbMult * ta.stdev(close, period)
kcWidth = kcMult * ta.atr(period)
plot(bbWidth < kcWidth ? 1 : 0, "Squeeze", style=plot.style_columns, color=bbWidth < kcWidth ? color.red : color.gray)
Overview
TTM Squeeze calculates standard deviation and Average True Range over a user-defined period, plotting a binary column in a separate pane. When the Bollinger Band width falls below the Keltner Channel width, the indicator signals an active squeeze with a red column at level one; otherwise, it displays a gray column at level zero. Users can customize the calculation period and the multipliers for both bands.
- Bollinger Bands and Keltner Channels comparison
- Binary squeeze detection column plot
- Adjustable lookback period and band multipliers
- Color-coded active squeeze state indication
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Breakout
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 |
| kcMult | float | 1.5 | kcMult |
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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