IV Squeeze - Sunil Bhave

This script calculates both Bollinger Bands and Keltner Channels on a 5-minute chart. It identifies IV squeeze conditions when the lower Bollinger Band is above the lower Keltner Channel and the upper Bollinger Band is below the upper Keltner Channel. When a squeeze is detected, it plots a red triangle below the chart bars and alerts you with a message.

Please note that this script is for educational purposes only.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?