OPEN-SOURCE SCRIPT

[TK] Congestion pattern

Draw on your chart the congestion zone.
The exit of the congestion zone is an interesting time for trading.

How is calculated the congestion zone ?
If the candle close in the range of the previous candle : this is a continuation of the congestion zone
if the candle close out of the range of the previous candle : the congestion zone is over

Penafian