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FRF
Flat Range Finder (FRF)
FRF is a high-performance analysis tool developed to detect consolidation (sideways movement) zones in the market.
About FRF Drawing
Purpose and Usage:
The primary purpose of the FRF drawing is to objectively identify zones where the price is compressed within a channel without forming a significant trend over a certain period. This channel allows you to visualize the "uncertain" or "rest" phase of the market.
Update Mechanism:
The FRF drawing periodically scans within the "Min FRF Search Length" and "MAX FRF Search Length" range defined by the system. At each new bar close, the most appropriate channel length is recalculated using the "Channel Fixed R" coefficient. If a stronger consolidation structure forms in the current data, the channel automatically updates itself to adapt to this new data.
Fibonacci & Risk/Reward Box
This feature helps you determine entry, target, and stop-loss levels by using the boundaries of the detected channel.
Why and How to Use It?
Why: In moments of market uncertainty, it provides a disciplined Risk/Reward management based on the channel's own internal dynamics (statistical deviations) rather than arbitrary levels.
How: Activate the box by selecting "Long" or "Short" from the "Position Mode" setting. The box uses the 0.236 Fibonacci ratio as the entry level. The badges on the box dynamically display the current Open P&L status and the Risk/Reward Ratio at the end of the channel.
⚠️ WARNING: THE FIBONACCI & RISK BOX IS AUTOMATICALLY RECALCULATED UPON EVERY NEW CHANNEL DETECTION OR CHANGE IN PRICE DATA. PREVIOUS BOXES AND LABELS ARE DELETED AND REDRAWN ACCORDING TO THE MOST CURRENT CHANNEL DATA. TO AVOID LOSING YOUR PREVIOUS TRADE ANALYSES, ENSURE YOU ARE TRACKING THE LATEST BOX DATA.
Technical Specifications of the Indicator
FRF is equipped with the following capabilities within the classic TradingView library:
MTF (Multi-Timeframe) Support: The indicator can process data from a different timeframe regardless of the current timeframe. You can select your desired TF by activating the Enable MTF option.
Dynamic Channel Fixed R Analysis: This is a statistical metric used to determine the strength of the consolidation. You can optimize how "flat" the channel should be using the Target Threshold <= this setting.
Breakout Alerts: When the upper or lower boundaries of the channel are broken by the body of a candle, the indicator triggers the alert() function to send you a notification.
Advanced Visualizations:
Debug Table: You can view the statistical data of the channel in real-time in the corner of your screen.
Channel Customization: You can fully adjust the channel line style, transparency, and fill colors according to your personal chart preferences.
Midline: You can display the middle baseline within the channel, allowing you to distinguish more clearly which half of the channel the price is dominant in.
Debugging: You can toggle the labels on the bars to understand the indicator's operational logic by using the Show Debug Label option.
This indicator is not a prediction tool, but a data-driven channel detection engine.
FRF is a high-performance analysis tool developed to detect consolidation (sideways movement) zones in the market.
About FRF Drawing
Purpose and Usage:
The primary purpose of the FRF drawing is to objectively identify zones where the price is compressed within a channel without forming a significant trend over a certain period. This channel allows you to visualize the "uncertain" or "rest" phase of the market.
Update Mechanism:
The FRF drawing periodically scans within the "Min FRF Search Length" and "MAX FRF Search Length" range defined by the system. At each new bar close, the most appropriate channel length is recalculated using the "Channel Fixed R" coefficient. If a stronger consolidation structure forms in the current data, the channel automatically updates itself to adapt to this new data.
Fibonacci & Risk/Reward Box
This feature helps you determine entry, target, and stop-loss levels by using the boundaries of the detected channel.
Why and How to Use It?
Why: In moments of market uncertainty, it provides a disciplined Risk/Reward management based on the channel's own internal dynamics (statistical deviations) rather than arbitrary levels.
How: Activate the box by selecting "Long" or "Short" from the "Position Mode" setting. The box uses the 0.236 Fibonacci ratio as the entry level. The badges on the box dynamically display the current Open P&L status and the Risk/Reward Ratio at the end of the channel.
⚠️ WARNING: THE FIBONACCI & RISK BOX IS AUTOMATICALLY RECALCULATED UPON EVERY NEW CHANNEL DETECTION OR CHANGE IN PRICE DATA. PREVIOUS BOXES AND LABELS ARE DELETED AND REDRAWN ACCORDING TO THE MOST CURRENT CHANNEL DATA. TO AVOID LOSING YOUR PREVIOUS TRADE ANALYSES, ENSURE YOU ARE TRACKING THE LATEST BOX DATA.
Technical Specifications of the Indicator
FRF is equipped with the following capabilities within the classic TradingView library:
MTF (Multi-Timeframe) Support: The indicator can process data from a different timeframe regardless of the current timeframe. You can select your desired TF by activating the Enable MTF option.
Dynamic Channel Fixed R Analysis: This is a statistical metric used to determine the strength of the consolidation. You can optimize how "flat" the channel should be using the Target Threshold <= this setting.
Breakout Alerts: When the upper or lower boundaries of the channel are broken by the body of a candle, the indicator triggers the alert() function to send you a notification.
Advanced Visualizations:
Debug Table: You can view the statistical data of the channel in real-time in the corner of your screen.
Channel Customization: You can fully adjust the channel line style, transparency, and fill colors according to your personal chart preferences.
Midline: You can display the middle baseline within the channel, allowing you to distinguish more clearly which half of the channel the price is dominant in.
Debugging: You can toggle the labels on the bars to understand the indicator's operational logic by using the Show Debug Label option.
This indicator is not a prediction tool, but a data-driven channel detection engine.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.