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Compression Zones by @crypto.erke
Compression Zones - a handy tool I whipped up to spot those quiet moments in the market where volatility drops low. These compression zones often hint at big breakouts or trend shifts.
Key Features:
Volatility Check: I built it with Standard Deviation or ATR, using a 14-period lookback and 50-period SMA to track those calm patches.
Compression Alert: You’ll see a "+" pop up just above the candle when a zone kicks in, with an alert hitting you at candle close—simple and to the point.
Last 20 Zones: Keeps the last 20 zones on your chart so you can glance back at the action.
Tweak It: Defaults are set, but hidden inputs let you play around if you’re feeling adventurous.
How to Use:
Drop it on your chart.
Set an alert for "Compression found" to catch those sweet spots.
Keep an eye on the "+" - great for planning your next move in or out.
Notes:
Works like a charm on crypto, but it’s versatile for any asset.
Hidden settings are there if you want to dig deeper.
The "+" stays put pretty well, even when you zoom—thanks to some label magic I figured out!
Key Features:
Volatility Check: I built it with Standard Deviation or ATR, using a 14-period lookback and 50-period SMA to track those calm patches.
Compression Alert: You’ll see a "+" pop up just above the candle when a zone kicks in, with an alert hitting you at candle close—simple and to the point.
Last 20 Zones: Keeps the last 20 zones on your chart so you can glance back at the action.
Tweak It: Defaults are set, but hidden inputs let you play around if you’re feeling adventurous.
How to Use:
Drop it on your chart.
Set an alert for "Compression found" to catch those sweet spots.
Keep an eye on the "+" - great for planning your next move in or out.
Notes:
Works like a charm on crypto, but it’s versatile for any asset.
Hidden settings are there if you want to dig deeper.
The "+" stays put pretty well, even when you zoom—thanks to some label magic I figured out!
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.