OPEN-SOURCE SCRIPT
Oscillator [Scalping-Algo]
█ POSTING OSCILLATOR
A squeeze momentum indicator that detects volatility compression and shows momentum direction.
█ HOW IT WORKS
This indicator combines Bollinger Bands and Keltner Channels to identify "squeeze" conditions — periods of low volatility that often precede explosive moves.
When Bollinger Bands contract inside Keltner Channels, volatility is compressing. When they expand back out, the squeeze "fires" and price typically makes a strong directional move.
█ HISTOGRAM COLORS
🟦 Bright Cyan — Positive momentum, increasing
🟦 Dark Cyan — Positive momentum, decreasing
🟪 Dark Purple — Negative momentum, increasing
🟪 Bright Magenta — Negative momentum, decreasing
█ SQUEEZE DOTS (ZERO LINE)
🟢 Teal — No squeeze (normal volatility)
⚫ Gray — Low squeeze
🔴 Red — Medium squeeze
🟠 Orange — High squeeze (breakout imminent)
█ HOW TO USE
1. Wait for squeeze dots (gray/red/orange) to appear
2. Watch which direction momentum is building
3. Enter when dots turn teal (squeeze fired)
4. Go long if histogram is cyan, short if magenta
5. Consider exit when colors fade (bright → dark)
█ BEST PRACTICES
• Works best on higher timeframes (1H, 4H, Daily)
• Combine with trend analysis and support/resistance
• Most reliable in trending markets
• Avoid trading against major levels
█ SETTINGS
Length: 20 (default) — Period for all calculations
Adjust based on your timeframe and trading style.
█ ALERTS
Set alerts for:
• Histogram crossing zero
• Squeeze firing (dot color change to teal)
• High squeeze detection (orange dots)
A squeeze momentum indicator that detects volatility compression and shows momentum direction.
█ HOW IT WORKS
This indicator combines Bollinger Bands and Keltner Channels to identify "squeeze" conditions — periods of low volatility that often precede explosive moves.
When Bollinger Bands contract inside Keltner Channels, volatility is compressing. When they expand back out, the squeeze "fires" and price typically makes a strong directional move.
█ HISTOGRAM COLORS
🟦 Bright Cyan — Positive momentum, increasing
🟦 Dark Cyan — Positive momentum, decreasing
🟪 Dark Purple — Negative momentum, increasing
🟪 Bright Magenta — Negative momentum, decreasing
█ SQUEEZE DOTS (ZERO LINE)
🟢 Teal — No squeeze (normal volatility)
⚫ Gray — Low squeeze
🔴 Red — Medium squeeze
🟠 Orange — High squeeze (breakout imminent)
█ HOW TO USE
1. Wait for squeeze dots (gray/red/orange) to appear
2. Watch which direction momentum is building
3. Enter when dots turn teal (squeeze fired)
4. Go long if histogram is cyan, short if magenta
5. Consider exit when colors fade (bright → dark)
█ BEST PRACTICES
• Works best on higher timeframes (1H, 4H, Daily)
• Combine with trend analysis and support/resistance
• Most reliable in trending markets
• Avoid trading against major levels
█ SETTINGS
Length: 20 (default) — Period for all calculations
Adjust based on your timeframe and trading style.
█ ALERTS
Set alerts for:
• Histogram crossing zero
• Squeeze firing (dot color change to teal)
• High squeeze detection (orange dots)
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
Nothing
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。