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Updated

Explosive Potential

10 204
This script looks at times where MACD is within a specified range (very close to 0 values) and price action is very constrained (under 2%). Historically price has made a strong move after these conditions.

I typically run this on an 8H timeframe.

Review on BTCUSD and other cryptos.
Release Notes
Increased the 'Price bar back' range (for lower timeframes).
Made price threshold input a %
Release Notes
Updated script example snapshot
Release Notes
Added alert condition + video tutorial for tuning:

youtu.be/XUUJw5uCXe8
sydneyshan
Also on:
BTCUSDETHBTCMoving Average Convergence / Divergence (MACD)price

Disclaimer

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.
BTCUSDETHBTCMoving Average Convergence / Divergence (MACD)price
sydneyshan
Also on:

Disclaimer

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.