80 Provisional out of 100

Last reviewed 2026-11-03 · Updated 2026-11-03: pros, cons and verdict re-sourced

Risk warning: Trading involves substantial risk of loss. Past or backtested performance does not guarantee future results. Scores rate the product, not trade outcomes. Risk disclaimer

Best forBreakout traders who watch for Bollinger Bands squeezing inside Keltner Channels and want the classic open-source version.

View Squeeze Momentum Indicator script

Price: Free (source)
Platforms: TradingView
Source code: Open source
Repaint status: No repaint risk found in source (source-code review, not a live bar-replay test, 2026-11-03)

Repaint check

Code review of the published script (40 lines): no request.security(), no lookahead, no barstate logic, no pivots and no plot offsets. Values on closed bars are final; the open bar updates until close, which TradingView calls normal realtime behaviour. (source)

Score breakdown

Factor	Points	Max
Repaint risk (code review done, live test pending)	22	/ 25
Source transparency	20	/ 20
Price value	15	/ 15
Backtest / claim honesty	10	/ 15
Vendor transparency	8	/ 15
Platform reach + alerts	5	/ 10

See the methodology. Code review done, live test pending.

Pros and cons

Pros

40 lines of open code with no request.security(), no lookahead and no plotting into the past (our code review)
Squeeze on/off dots on the zero line plus a momentum histogram

Cons

The "BB MultFactor" input does nothing: line 17 uses the KC multiplier (1.5) for the Bollinger deviation
Old Pine v1 code with no alert conditions
The open bar's histogram value changes until the bar closes

From the script’s public page and our code review (source). Not from trading tests.

Runs on TradingView: open TradingView.

TradingView link is an affiliate link: we may earn a commission at no cost to you. It never changes the score.

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Squeeze Momentum Indicatorreview & score