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Consolidation Zones - Live

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Hello Traders!

This is the script that finds Consolidation Zones in Realtime.

How it works?
- The script finds highest/lowest bars by using "Loopback Period"
- Then it calculates direction
- By using the direction and highest/lowest bar info it calculates consolidation zones in realtime
- If the length of consolidation area is equal/greater than user-defined min length then this area is shown as consolidation zone
- Then Consolidation Zone extends automatically if there is no breakout

if you increase the Loopback Length then you get bigger consolidation zones:

You have option to "Paint Consolidation Area" or not:

Enjoy!

Note di rilascio

Fixed: if new highest/lowest is in Consolidation zone then Consolidation Zone is extended

Note di rilascio

Alerts added

Note di rilascio

transp removed

Note di rilascio

Color option added for the zone

LonesomeTheBlue

🎓 Free Mini Course:
lonesometheblue.com/

🤝 Telegram community:
t.me/LonesomeTheBlue_Official

💰 Subscription to Pro indicators:
Tradingview.com/spaces/LonesomeTheBlue/

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LonesomeTheBlue

🎓 Free Mini Course:
lonesometheblue.com/

🤝 Telegram community:
t.me/LonesomeTheBlue_Official

💰 Subscription to Pro indicators:
Tradingview.com/spaces/LonesomeTheBlue/

Anche su: