Squeeze Impulse Oscillator – TradingView Indicator Guide

The Squeeze Impulse Oscillator is a popular custom indicator available on TradingView that combines two well-known volatility concepts — Bollinger Bands and Keltner Channels — to identify periods of low volatility compression, commonly called a 'squeeze,' followed by explosive price moves.

When Bollinger Bands contract inside the Keltner Channels, the market is considered to be in a squeeze state, signaling that energy is building for a potential breakout. Once the bands expand back outside the Keltner Channels, the squeeze is released, and traders watch the momentum histogram to determine whether the resulting move is bullish or bearish.

The impulse component of the oscillator draws on momentum histogram values — typically colored to reflect whether momentum is rising or falling — allowing traders to quickly assess the strength and direction of a breakout at a glance. This makes it useful for timing entries and exits across equities, forex, crypto, and futures markets.

You can access the Squeeze Impulse Oscillator directly on TradingView at the link shared in the original post. It is widely used by swing traders and day traders alike as a confirmation tool alongside price action and other trend-following indicators.