Repaint- Consolidation Box

Indicator Description
The Pro Consolidation Box indicator automatically identifies and visualizes price consolidation zones on your chart. A consolidation zone is defined as a period where price action remains within a specific range for a minimum amount of time.
How It Works

Range Detection: The indicator tracks the highest and lowest prices in real-time.
Consolidation Criteria: A consolidation is identified when:

Price stays within a user-defined range (default: 150 points)
For a minimum time period (default: 15 minutes, automatically adjusted to your chart timeframe)


Visual Representation: When consolidation criteria are met, a colored box appears on your chart highlighting the consolidation zone.
Dynamic Updates: The box automatically:

Expands if price makes new highs/lows while still within the allowed range
Disappears if price breaks out of the range
Resets and begins tracking a new potential consolidation zone after a breakout


Real-time Statistics: A small information panel in the top-right corner displays:

Current price range size
Number of bars price has remained within the range



Customization Options

Range Size: Set the maximum price range for consolidation (larger values identify wider consolidations)
Time Threshold: Minimum time required to confirm a consolidation (in minutes)
Box Color: Customize the fill color and transparency of consolidation zones
Edge Display: Toggle visibility of box borders
Edge Color: Customize the color of box borders

Trading Applications
This indicator helps you:

Identify periods of decreasing volatility that often precede breakouts
Spot potential support/resistance zones within ranging markets
Find potential breakout entry points as price approaches consolidation boundaries