OPEN-SOURCE SCRIPT
BB Squeeze - HighQTools
BBW Squeeze — HighQTools
As always, if anyone has any tips or additional features they'd like to see, feel free to reach out!
Overview
The BBW Percentile Squeeze highlights periods of exceptionally compressed volatility by measuring Bollinger Band Width (BBW) and ranking it within a rolling historical percentile. When BBW falls into the lowest portion of its own distribution, price is statistically “tight” relative to recent history—a condition that often precedes volatility expansion.
Instead of plotting an oscillator in a separate pane, this tool expresses information directly on the price chart by changing bar colors during squeeze conditions, keeping charts clean and execution-focused.
How It Works
Standard Bollinger Bands are calculated using a configurable length and standard deviation.
Band width is normalized and evaluated against a rolling lookback window.
The current width is converted into a percentile rank (0–100):
Lower percentile = tighter volatility
Higher percentile = expanded volatility
When the percentile drops below the user-defined threshold, the market is considered to be in a squeeze.
An optional RTH-only mode allows the percentile calculation to consider Regular Trading Hours bars only, which is especially useful for futures traders who want to ignore overnight volatility distortions.
Visual Signals
Squeeze Bars
Bars are recolored when BBW percentile falls below the selected threshold, indicating extreme compression.
Release Bar (optional)
The first bar exiting the squeeze can be highlighted separately, marking the resolution of compression.
No oscillator, no bands, no shapes—only context applied directly to price.
How to Use It
The squeeze itself is not a trade signal.
Squeeze conditions indicate stored energy—expect range expansion, not direction.
Focus on:
Market structure
Higher-timeframe context
Volume, delta, or acceptance/rejection
The release from squeeze often provides the best opportunity, especially when aligned with directional bias or structural breaks.
For best results, use this tool as a context filter alongside execution setups rather than as a standalone entry signal.
Recommended Settings
BB Length: 10
Std Dev: 2.0
Percentile Lookback: 200–300 bars
Squeeze Threshold: 5-10 percentile
RTH-only: Enabled for index futures
Disclaimer
This indicator is designed to provide context, not predictions. Always combine volatility information with sound risk management and a complete trading plan.
As always, if anyone has any tips or additional features they'd like to see, feel free to reach out!
Overview
The BBW Percentile Squeeze highlights periods of exceptionally compressed volatility by measuring Bollinger Band Width (BBW) and ranking it within a rolling historical percentile. When BBW falls into the lowest portion of its own distribution, price is statistically “tight” relative to recent history—a condition that often precedes volatility expansion.
Instead of plotting an oscillator in a separate pane, this tool expresses information directly on the price chart by changing bar colors during squeeze conditions, keeping charts clean and execution-focused.
How It Works
Standard Bollinger Bands are calculated using a configurable length and standard deviation.
Band width is normalized and evaluated against a rolling lookback window.
The current width is converted into a percentile rank (0–100):
Lower percentile = tighter volatility
Higher percentile = expanded volatility
When the percentile drops below the user-defined threshold, the market is considered to be in a squeeze.
An optional RTH-only mode allows the percentile calculation to consider Regular Trading Hours bars only, which is especially useful for futures traders who want to ignore overnight volatility distortions.
Visual Signals
Squeeze Bars
Bars are recolored when BBW percentile falls below the selected threshold, indicating extreme compression.
Release Bar (optional)
The first bar exiting the squeeze can be highlighted separately, marking the resolution of compression.
No oscillator, no bands, no shapes—only context applied directly to price.
How to Use It
The squeeze itself is not a trade signal.
Squeeze conditions indicate stored energy—expect range expansion, not direction.
Focus on:
Market structure
Higher-timeframe context
Volume, delta, or acceptance/rejection
The release from squeeze often provides the best opportunity, especially when aligned with directional bias or structural breaks.
For best results, use this tool as a context filter alongside execution setups rather than as a standalone entry signal.
Recommended Settings
BB Length: 10
Std Dev: 2.0
Percentile Lookback: 200–300 bars
Squeeze Threshold: 5-10 percentile
RTH-only: Enabled for index futures
Disclaimer
This indicator is designed to provide context, not predictions. Always combine volatility information with sound risk management and a complete trading plan.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.