indicator · on price · open source

Volatility Squeeze Pro

Deepwick · @deepwickv1Updated 2 Oct 2026▲ 0 users

Running…

Loading chart…

About

Volatility Squeeze Pro — Bollinger Bands inside Keltner Channel = squeeze (grey background). Histogram shows momentum direction; release of a squeeze in the direction of momentum = high-probability breakout.

Same logic as TTM Squeeze with cleaner histogram colouring.

Source code

//@version=5
indicator("Volatility Squeeze Pro", overlay=true)
len = input.int(20, "Length", minval=5, maxval=100)
bbMult = input.float(2, "BB mult", minval=0.5, maxval=5, step=0.1)
kcMult = input.float(1.5, "KC mult", minval=0.5, maxval=5, step=0.1)
[bm, bu, bl] = ta.bb(close, len, bbMult)
[km, ku, kl] = ta.kc(close, len, kcMult)
squeeze = bl > kl and bu < ku
mid = math.avg(math.avg(ta.highest(high, len), ta.lowest(low, len)), ta.sma(close, len))
mom = close - mid
p_BBMid = plot(bm, "BBMid", color=color.orange)
p_BBUpper = plot(bu, "BBUpper", color=color.blue)
p_BBLower = plot(bl, "BBLower", color=color.blue)
p_Momentum = plot(mom, "Momentum", color=color.gray, style=plot.style_columns)
fill(p_BBUpper, p_BBLower, color=color.new(color.blue, 92))
alertcondition(squeeze[1] and not squeeze, "Squeeze release", "Volatility squeeze released")
alertcondition(ta.crossover(mom, 0) and not squeeze, "Mom flip up", "Squeeze momentum flipped up")

Comments

No comments yet.