OPEN-SOURCE SCRIPT
Aura Squeeze Projections [Pineify]
Pineify - Aura Squeeze Projections
This indicator combines the volatility compression detection of the TTM Squeeze methodology with an innovative "aura glow" visualization, offering traders a clear and aesthetically distinct way to identify low-volatility consolidation phases and anticipate breakout directions. By merging Bollinger Bands, Keltner Channels, and linear regression momentum analysis, the Aura Squeeze Projections provides actionable squeeze signals with directional bias.
Key Features
How It Works
The core logic identifies volatility compression by comparing Bollinger Bands to Keltner Channels. When the Bollinger Bands contract inside the Keltner Channel boundaries (BB upper < KC upper AND BB lower > KC lower), the market enters a "squeeze" state — a period of low volatility that often precedes significant price movement.
Momentum direction is calculated using a linear regression slope of the difference between price and its moving average. A positive slope indicates bullish momentum; negative indicates bearish momentum. This determines the anticipated breakout direction when the squeeze releases.
How Multiple Indicators Work Together
Bollinger Bands measure statistical volatility through standard deviation, expanding during high volatility and contracting during consolidation. Keltner Channels use Average True Range (ATR) for a smoother volatility envelope. When BB fits entirely within KC, volatility has compressed below normal levels — the squeeze condition.
The linear regression momentum component adds directional intelligence. Rather than simply detecting compression, it forecasts the likely breakout direction by analyzing the trend slope of price deviation from its mean. This synergy transforms a binary squeeze signal into an actionable directional setup.
Unique Aspects
The "aura glow" visualization creates gradient fills between the trend midline and Keltner boundaries, providing an intuitive heat-map style view of market conditions. Colors transition dynamically: gray during squeeze (consolidation), green for bullish momentum, and red for bearish momentum. This makes market state immediately recognizable at a glance.
How to Use
Customization
Conclusion
Aura Squeeze Projections offers a refined approach to squeeze-based trading by combining proven volatility compression detection with momentum-based directional analysis and distinctive visual presentation. The indicator helps traders identify consolidation periods and prepare for breakouts with directional confidence. Best used alongside price action analysis and support/resistance levels for confirmation.
This indicator combines the volatility compression detection of the TTM Squeeze methodology with an innovative "aura glow" visualization, offering traders a clear and aesthetically distinct way to identify low-volatility consolidation phases and anticipate breakout directions. By merging Bollinger Bands, Keltner Channels, and linear regression momentum analysis, the Aura Squeeze Projections provides actionable squeeze signals with directional bias.
Key Features
- Visual "aura glow" effect highlighting squeeze zones and momentum shifts
- Squeeze detection combining Bollinger Bands and Keltner Channels
- Linear regression-based momentum for directional bias
- Dynamic candle coloring reflecting current market state
- Squeeze start and release signal markers
How It Works
The core logic identifies volatility compression by comparing Bollinger Bands to Keltner Channels. When the Bollinger Bands contract inside the Keltner Channel boundaries (BB upper < KC upper AND BB lower > KC lower), the market enters a "squeeze" state — a period of low volatility that often precedes significant price movement.
Momentum direction is calculated using a linear regression slope of the difference between price and its moving average. A positive slope indicates bullish momentum; negative indicates bearish momentum. This determines the anticipated breakout direction when the squeeze releases.
How Multiple Indicators Work Together
Bollinger Bands measure statistical volatility through standard deviation, expanding during high volatility and contracting during consolidation. Keltner Channels use Average True Range (ATR) for a smoother volatility envelope. When BB fits entirely within KC, volatility has compressed below normal levels — the squeeze condition.
The linear regression momentum component adds directional intelligence. Rather than simply detecting compression, it forecasts the likely breakout direction by analyzing the trend slope of price deviation from its mean. This synergy transforms a binary squeeze signal into an actionable directional setup.
Unique Aspects
The "aura glow" visualization creates gradient fills between the trend midline and Keltner boundaries, providing an intuitive heat-map style view of market conditions. Colors transition dynamically: gray during squeeze (consolidation), green for bullish momentum, and red for bearish momentum. This makes market state immediately recognizable at a glance.
How to Use
- Watch for the gray squeeze state indicating volatility compression
- Note the circle marker appearing above bars when squeeze begins
- Observe when the diamond marker appears below bars — squeeze release
- The color at release (green/red) indicates anticipated breakout direction
- Use candle coloring for confirmation of momentum alignment
Customization
- Lookback Length: Adjusts sensitivity (shorter = more signals, longer = fewer but stronger)
- BB/KC Multipliers: Fine-tune squeeze detection threshold
- Use EMA: Toggle between EMA (smoother) or SMA for the midline basis
- Aura Transparency: Control visual intensity of the glow effect
Conclusion
Aura Squeeze Projections offers a refined approach to squeeze-based trading by combining proven volatility compression detection with momentum-based directional analysis and distinctive visual presentation. The indicator helps traders identify consolidation periods and prepare for breakouts with directional confidence. Best used alongside price action analysis and support/resistance levels for confirmation.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
🚀🚀🚀 Pineify - pineify.app
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
🚀🚀🚀 Pineify - pineify.app
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Essential Toolkit for Every Trader
- AI Pine Script Generator
- Finance AI Agent
- AI Stock Picker
- Pine Script Visual Editor
- Invited indicators
- Strategy Optimizer
- Trading Journal
- Backtest Report
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.