Consolidation Range [BigBeluga]

A hybrid volatility-volume indicator that isolates periods of price equilibrium and reveals the directional force behind each range buildup.

Consolidation Range [BigBeluga] is a powerful tool designed to detect compression phases in the market using volatility thresholds while visualizing volume imbalance within those phases. By combining low-volatility detection with directional volume delta, it highlights where accumulation or distribution is occurring—giving traders the confidence to act when breakouts follow. This indicator is particularly valuable in choppy or sideways markets where range identification and sentiment context are key.

🔵 CONCEPTS

• Volatility Compression: Uses ADX (Average Directional Index) to detect periods of low trend strength—specifically when ADX drops below a configurable threshold.
  
• Range Structure: Upon a low-volatility trigger, the script dynamically anchors horizontal upper and lower bounds based on local highs and lows.
  
• Directional Volume Delta: Inside each active range, it calculates the net difference between buy and sell volume, showing who controlled the range.
  
• Sentiment Bias: A label appears in the center of the zone on breakout, showing the accumulated delta and bias direction (▲ for positive, ▼ for negative).
  
• Range Validity Filter: Only ranges with more than 15 bars are considered valid—short-lived consolidations are auto-filtered.
  

🔵 KEY FEATURES

• Detects low volatility market phases using ADX logic (crosses under "Volatility Threshold Input").
  
• Automatically plots adaptive consolidation zones with upper and lower boundary lines.
  
• Includes dynamic midline to visualize the price average inside the range.
  
• Visual range is filled with a progressive gradient to reflect distance between highs and lows.
  
• When the range is active, the indicator accumulates volume delta (Buy - Sell volume).
  
• Upon breakout, the total volume delta is displayed at the midpoint, providing insight into market sentiment during the consolidation phase.
  
• Filters out weak or short-lived consolidations under 15 bars.
  

🔵 HOW TO USE

• Spot ranging or compression zones with minimal effort.
  
• Use breakouts with volume delta bias to assess the strength or weakness of moves.
  
• Combine with trend-following tools or volume-based confirmation for stronger setups.
  
• Apply to higher timeframes for macro consolidation tracking.
  

🔵 CONCLUSION
Consolidation Range [BigBeluga] now brings together volatility filtering and directional volume delta into one smart module. This hybrid logic allows traders to not only identify balance zones but also understand who was in control during the buildup—offering a sharper edge for breakout and trend continuation strategies.