Custom Bollinger Band Squeeze Screener [Pineify]

Custom Bollinger Band Squeeze Screener

Key Features

• Multi-symbol scanning: Analyze up to 6 tickers simultaneously.
  
• Multi-timeframe flexibility: Screen across four selectable timeframes for each symbol.
  
• Bollinger Band Squeeze algorithm: Detect volatility contraction and imminent breakouts.
  
• Advanced ATR integration: Measure expansion and squeeze states with custom multipliers.
  
• Customizable indicator parameters: Fine-tune Bollinger and ATR settings for tailored detection.
  
• Visual table interface: Rapidly compare squeeze and expansion signals across all instruments.
  

How It Works

At the core, this screener leverages a unique blend of Bollinger Bands and Average True Range (ATR) to quantify volatility states for multiple assets and timeframes at once. For each symbol and every selected timeframe, the indicator calculates Bollinger Band width and compares it against ATR levels, offering real-time squeeze (consolidation) and expansion (breakout) signals.

1. Bollinger Band width is computed using standard deviations around a SMA basis.
   
2. ATR is calculated to gauge market volatility independent of price direction.
   
3. Squeeze: Triggered when BB width contracts below a multiple of ATR, forecasting lower volatility and set-up for a move.
   
4. Expansion: Triggered when BB width expands above a higher ATR multiple, signaling a high-volatility breakout.
   
5. Display: Results shown in an intuitive table, marking each status per ticker and TF.
   

Trading Ideas and Insights

• Spot assets poised for volatility-driven breakouts.
  
• Compare squeeze presence across timeframes for optimal entry timing.
  
• Integrate screener results with price action or volume for high-confidence setups.
  
• Use squeeze signals to avoid choppy or non-trending conditions.
  
• Expand and diversify watchlists with multi-symbol coverage.
  

How Multiple Indicators Work Together

This script seamlessly merges Bollinger Bands and ATR with customized multipliers:

• Bollinger Bands identify price consolidation and volatility squeeze zones.
  
• ATR tailors the definition of squeeze and expansion, making signals adaptive to volatility regime changes.
  
• By layering these with multi-symbol/multi-timeframe data, traders access a high-precision view of market readiness for trend acceleration or reversal.
  
• The real synergy is in the screener's ability to visualize volatility states for a diverse asset selection, transforming traditional single-chart analysis into a broad market view.
  

Unique Aspects

• Original implementation: Not a simple trend or scalping indicator; utilizes advanced volatility logic.
  
• Fully multi-symbol and multi-timeframe support uncommon in most screeners.
  
• Custom ATR multipliers for both squeeze and expansion allow traders to match their risk profile and market dynamics.
  
• Visual clarity: Table structure promotes actionable insights and reduces decision fatigue.
  

How to Use

1. Add the indicator to your TradingView chart (supports any asset class including crypto, forex, stocks).
   
2. Select up to six symbols (tickers) and set your preferred timeframes.
   
3. Adjust Bollinger Band Length/Deviation and ATR multipliers to refine squeeze/expansion criteria.
   
4. Review the screener table: Look for "SQZ" (squeeze) or "EXP" (expansion) cells for entry/exit ideas.
   
5. Combine screener information with other technical or fundamental signals for trade confirmation.
   

Customization

• Symbols: Choose any tickers for scanning.
  
• Timeframes: Select short- to long-term intervals to match your trading style.
  
• Bollinger Band parameters: Modify length and deviation for sensitivity.
  
• ATR multipliers: Set low or high values to adjust squeeze/expansion triggers.
  
• Table size and layout: Adapt display for optimal workflow.
  

Conclusion

The Bollinger Band Squeeze Screener Pineify delivers an innovative, SEO-friendly multi-asset solution for volatility and trend detection. Harness its original algorithmic design to uncover powerful breakout opportunities and optimize your portfolio. Whether you trade crypto with dynamic volatility or scan stocks for momentum, this tool supercharges your TradingView workflow.