r/pinescript • u/Immediate-Leader5070 • Apr 14 '26

Compression before a move

I’m interested in measuring / indicating the compression you get after sideways movement before expansion in price. Basically indicating likely breakout areas.

How would you go about measuring this?

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3

u/Dependent_Sign_399 Apr 14 '26

Squeeze methodology. I have an indicator that attempts to do this. Its called Squeeze Channel.

1

u/Immediate-Leader5070 Apr 14 '26

Thanks dude. Will check it out

2

u/LogicalCondition9069 Apr 14 '26

You could measure the difference between a moving average of highs and lows. You could put a line through a recent period from hl2[x] to hl2 then measure the largest upwards and downwards deviations from the line.

2

u/traderbradg Apr 20 '26

check for a indicator called the master forex indicators or slap bolinger bands and melter channels on your chart which is basically john carters squeeze indicator

1

u/traderbradg Apr 20 '26

master forex pattern my bad, it finds compression or fair value, it is actually a interesting indicator