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Consolidation Zones - Live

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Hello Traders!


This is the script that finds Consolidation Zones in Realtime.

How it works?
- The script finds highest/lowest bars by using "Loopback Period"
- Then it calculates direction
- By using the direction and highest/lowest bar info it calculates consolidation zones in realtime
- If the length of consolidation area is equal/greater than user-defined min length then this area is shown as consolidation zone
- Then Consolidation Zone extends automatically if there is no breakout

if you increase the Loopback Length then you get bigger consolidation zones:
syot kilat


You have option to "Paint Consolidation Area" or not:
syot kilat


Enjoy!
Nota Keluaran
Fixed: if new highest/lowest is in Consolidation zone then Consolidation Zone is extended
Nota Keluaran
Alerts added
Nota Keluaran
transp removed
Nota Keluaran
Color option added for the zone

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.