OPEN-SOURCE SCRIPT
Ultimate Sideways Market Detector PRO
Ultimate Sideways Market Detector PRO
Advanced Sideways Market, Consolidation, Trend & Volatility Analysis System
OVERVIEW
Ultimate Sideways Market Detector PRO is a multi-factor market condition analysis indicator designed to identify whether the market is currently trending, consolidating, compressing, or preparing for a breakout.
Most traders struggle because they apply trend-following strategies in sideways markets or breakout strategies in trending markets. This indicator helps solve that problem by analyzing multiple market conditions simultaneously and classifying the current market environment.
Instead of relying on a single indicator, this script combines trend strength, volatility compression, range analysis, moving average behavior, and market structure filters into one easy-to-read system.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
WHAT PROBLEM DOES THIS SOLVE?
One of the biggest reasons traders lose money is entering trades in the wrong market condition.
Examples:
• Trend-following strategy used inside a range
• Breakout strategy used during low volatility
• Scalping against strong trends
• Entering before consolidation is complete
• Trading fake breakouts without confirmation
This indicator helps traders understand the current market condition before taking a trade.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
HOW THE INDICATOR WORKS
The script combines multiple independent filters.
1. ADX Trend Strength Filter
Measures trend strength.
Low ADX values usually indicate weak trends and higher probability of sideways movement.
Helps identify:
• Weak trends
• Sideways conditions
• Transition phases
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
2. Choppiness Index
Measures how directional or non-directional the market is.
Higher values indicate the market is moving sideways instead of trending.
Helps identify:
• Choppy markets
• Range-bound environments
• Consolidation phases
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
3. ATR Compression
Measures volatility contraction.
Low ATR values often occur before major market expansion.
Helps identify:
• Volatility compression
• Potential breakout preparation
• Quiet market conditions
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
4. Bollinger Band Width Compression
When Bollinger Bands contract, price is often entering a squeeze phase.
Helps identify:
• Squeeze setups
• Compression zones
• Breakout preparation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
5. EMA Flatness Detection
Trending markets generally create angled moving averages.
Sideways markets often create flat moving averages.
Helps identify:
• Flat markets
• Range environments
• Trend exhaustion
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
6. Range Compression Analysis
The script measures recent price range width.
Small price ranges usually indicate consolidation.
Helps identify:
• Sideways zones
• Consolidation structures
• Support and resistance clusters
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
7. Optional Volume Compression
Volume often decreases before major expansion moves.
This filter can be enabled or disabled according to preference.
Helps identify:
• Reduced participation
• Compression environments
• Potential breakout setups
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIDEWAYS STRENGTH SCORE
All enabled filters contribute to a combined Sideways Strength Score.
Higher score = Higher probability of consolidation.
General Interpretation:
0 – 40
Trending Market
40 – 70
Transition Market
70+
Strong Sideways Market
The threshold can be adjusted in settings.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
MARKET STATES
The dashboard automatically classifies market conditions into:
UPTREND
Strong bullish directional market.
Best suited for:
• Pullback entries
• Trend continuation setups
• Trend-following systems
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
DOWNTREND
Strong bearish directional market.
Best suited for:
• Short setups
• Pullback shorts
• Trend continuation trades
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIDEWAYS
Market is consolidating inside a range.
Best suited for:
• Range trading
• Support and resistance trading
• Waiting for breakout confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
VOLATILE
Volatility expansion is occurring.
Best suited for:
• Momentum trades
• Breakout trades
• Expansion strategies
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIDEWAYS ZONE DETECTION
When enough filters confirm consolidation, the script highlights the area as a Sideways Zone.
These zones help traders:
• Avoid poor-quality entries
• Identify consolidation structures
• Detect accumulation/distribution areas
• Prepare for breakout opportunities
• Visualize support and resistance regions
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
BREAKOUT DETECTION
The script monitors consolidation zones and identifies breakout conditions.
Bullish Breakout
Price closes above the consolidation range.
Potential Uses:
• Trend continuation confirmation
• Momentum entries
• Breakout trading systems
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Bearish Breakout
Price closes below the consolidation range.
Potential Uses:
• Short opportunities
• Momentum trades
• Breakdown setups
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
HOW TO USE THIS INDICATOR
Method 1: Market Condition Filter
Before taking any trade, check the dashboard.
UPTREND
Focus on long opportunities.
DOWNTREND
Focus on short opportunities.
SIDEWAYS
Avoid trend-following entries.
VOLATILE
Expect larger price movement.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Method 2: Sideways Breakout Trading
Step 1:
Wait for Sideways Zone detection.
Step 2:
Allow price to remain inside the range.
Step 3:
Wait for breakout signal.
Step 4:
Use the breakout as confirmation within your own strategy.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Method 3: Avoiding Bad Trades
Many losing trades occur during random consolidation.
Use this indicator to avoid:
• Choppy conditions
• Low volatility environments
• False trend assumptions
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
BEST TIMEFRAMES
Scalping:
1 Minute
3 Minute
5 Minute
Intraday:
5 Minute
15 Minute
30 Minute
Swing Trading:
1 Hour
4 Hour
Daily
Works on:
• Stocks
• Indices
• Forex
• Crypto
• Commodities
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SETTINGS GUIDE
Enable ADX Filter
Adds trend strength analysis.
Enable Choppiness Filter
Adds range detection.
Enable ATR Compression
Adds volatility analysis.
Enable BB Width Compression
Adds squeeze detection.
Enable EMA Flatness
Adds trend slope analysis.
Enable Range Compression
Adds consolidation analysis.
Enable Volume Compression
Adds participation analysis.
Users can enable or disable any filter depending on trading style and market conditions.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
ALERTS INCLUDED
• Sideways Market Detected
• Bullish Breakout
• Bearish Breakout
To create alerts:
1. Add indicator to chart.
2. Click TradingView Alert.
3. Select this indicator.
4. Select desired alert condition.
5. Create alert.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
WHO CAN BENEFIT FROM THIS?
✔ Scalpers
✔ Intraday Traders
✔ Swing Traders
✔ Breakout Traders
✔ Trend Followers
✔ Price Action Traders
✔ Options Traders
✔ Forex Traders
✔ Crypto Traders
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
IMPORTANT
This indicator is designed to analyze market conditions and provide context for decision-making.
It should not be considered a standalone trading system.
Always combine indicator signals with proper risk management, price action analysis, and your overall trading plan.
No indicator can predict future price movement with certainty.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Open-Source Script
Feel free to study, modify, improve, and adapt the code for your own trading workflow.
Advanced Sideways Market, Consolidation, Trend & Volatility Analysis System
OVERVIEW
Ultimate Sideways Market Detector PRO is a multi-factor market condition analysis indicator designed to identify whether the market is currently trending, consolidating, compressing, or preparing for a breakout.
Most traders struggle because they apply trend-following strategies in sideways markets or breakout strategies in trending markets. This indicator helps solve that problem by analyzing multiple market conditions simultaneously and classifying the current market environment.
Instead of relying on a single indicator, this script combines trend strength, volatility compression, range analysis, moving average behavior, and market structure filters into one easy-to-read system.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
WHAT PROBLEM DOES THIS SOLVE?
One of the biggest reasons traders lose money is entering trades in the wrong market condition.
Examples:
• Trend-following strategy used inside a range
• Breakout strategy used during low volatility
• Scalping against strong trends
• Entering before consolidation is complete
• Trading fake breakouts without confirmation
This indicator helps traders understand the current market condition before taking a trade.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
HOW THE INDICATOR WORKS
The script combines multiple independent filters.
1. ADX Trend Strength Filter
Measures trend strength.
Low ADX values usually indicate weak trends and higher probability of sideways movement.
Helps identify:
• Weak trends
• Sideways conditions
• Transition phases
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
2. Choppiness Index
Measures how directional or non-directional the market is.
Higher values indicate the market is moving sideways instead of trending.
Helps identify:
• Choppy markets
• Range-bound environments
• Consolidation phases
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
3. ATR Compression
Measures volatility contraction.
Low ATR values often occur before major market expansion.
Helps identify:
• Volatility compression
• Potential breakout preparation
• Quiet market conditions
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
4. Bollinger Band Width Compression
When Bollinger Bands contract, price is often entering a squeeze phase.
Helps identify:
• Squeeze setups
• Compression zones
• Breakout preparation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
5. EMA Flatness Detection
Trending markets generally create angled moving averages.
Sideways markets often create flat moving averages.
Helps identify:
• Flat markets
• Range environments
• Trend exhaustion
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
6. Range Compression Analysis
The script measures recent price range width.
Small price ranges usually indicate consolidation.
Helps identify:
• Sideways zones
• Consolidation structures
• Support and resistance clusters
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
7. Optional Volume Compression
Volume often decreases before major expansion moves.
This filter can be enabled or disabled according to preference.
Helps identify:
• Reduced participation
• Compression environments
• Potential breakout setups
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIDEWAYS STRENGTH SCORE
All enabled filters contribute to a combined Sideways Strength Score.
Higher score = Higher probability of consolidation.
General Interpretation:
0 – 40
Trending Market
40 – 70
Transition Market
70+
Strong Sideways Market
The threshold can be adjusted in settings.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
MARKET STATES
The dashboard automatically classifies market conditions into:
UPTREND
Strong bullish directional market.
Best suited for:
• Pullback entries
• Trend continuation setups
• Trend-following systems
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
DOWNTREND
Strong bearish directional market.
Best suited for:
• Short setups
• Pullback shorts
• Trend continuation trades
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIDEWAYS
Market is consolidating inside a range.
Best suited for:
• Range trading
• Support and resistance trading
• Waiting for breakout confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
VOLATILE
Volatility expansion is occurring.
Best suited for:
• Momentum trades
• Breakout trades
• Expansion strategies
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIDEWAYS ZONE DETECTION
When enough filters confirm consolidation, the script highlights the area as a Sideways Zone.
These zones help traders:
• Avoid poor-quality entries
• Identify consolidation structures
• Detect accumulation/distribution areas
• Prepare for breakout opportunities
• Visualize support and resistance regions
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
BREAKOUT DETECTION
The script monitors consolidation zones and identifies breakout conditions.
Bullish Breakout
Price closes above the consolidation range.
Potential Uses:
• Trend continuation confirmation
• Momentum entries
• Breakout trading systems
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Bearish Breakout
Price closes below the consolidation range.
Potential Uses:
• Short opportunities
• Momentum trades
• Breakdown setups
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
HOW TO USE THIS INDICATOR
Method 1: Market Condition Filter
Before taking any trade, check the dashboard.
UPTREND
Focus on long opportunities.
DOWNTREND
Focus on short opportunities.
SIDEWAYS
Avoid trend-following entries.
VOLATILE
Expect larger price movement.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Method 2: Sideways Breakout Trading
Step 1:
Wait for Sideways Zone detection.
Step 2:
Allow price to remain inside the range.
Step 3:
Wait for breakout signal.
Step 4:
Use the breakout as confirmation within your own strategy.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Method 3: Avoiding Bad Trades
Many losing trades occur during random consolidation.
Use this indicator to avoid:
• Choppy conditions
• Low volatility environments
• False trend assumptions
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
BEST TIMEFRAMES
Scalping:
1 Minute
3 Minute
5 Minute
Intraday:
5 Minute
15 Minute
30 Minute
Swing Trading:
1 Hour
4 Hour
Daily
Works on:
• Stocks
• Indices
• Forex
• Crypto
• Commodities
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SETTINGS GUIDE
Enable ADX Filter
Adds trend strength analysis.
Enable Choppiness Filter
Adds range detection.
Enable ATR Compression
Adds volatility analysis.
Enable BB Width Compression
Adds squeeze detection.
Enable EMA Flatness
Adds trend slope analysis.
Enable Range Compression
Adds consolidation analysis.
Enable Volume Compression
Adds participation analysis.
Users can enable or disable any filter depending on trading style and market conditions.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
ALERTS INCLUDED
• Sideways Market Detected
• Bullish Breakout
• Bearish Breakout
To create alerts:
1. Add indicator to chart.
2. Click TradingView Alert.
3. Select this indicator.
4. Select desired alert condition.
5. Create alert.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
WHO CAN BENEFIT FROM THIS?
✔ Scalpers
✔ Intraday Traders
✔ Swing Traders
✔ Breakout Traders
✔ Trend Followers
✔ Price Action Traders
✔ Options Traders
✔ Forex Traders
✔ Crypto Traders
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
IMPORTANT
This indicator is designed to analyze market conditions and provide context for decision-making.
It should not be considered a standalone trading system.
Always combine indicator signals with proper risk management, price action analysis, and your overall trading plan.
No indicator can predict future price movement with certainty.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Open-Source Script
Feel free to study, modify, improve, and adapt the code for your own trading workflow.
สคริปต์โอเพนซอร์ซ
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
For access & queries: algochiefsupport@gmail.com
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
สคริปต์โอเพนซอร์ซ
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
For access & queries: algochiefsupport@gmail.com
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน