Tightening — Penunjuk dan Strategi

Smart Bar Coloring: Tight Closes & Volume Breakouts Advanced Bar Coloring Indicator for Price Action and Volume Analysis This sophisticated indicator automatically colors price bars based on two key market conditions: tight closing ranges and significant volume activity, helping traders quickly identify consolidation periods and potential breakout setups. Key Features: Tight Close Detection: ATR-Based Analysis: Uses 14-period ATR to define "tight" price movement Dual-Bar Confirmation: Requires both current and previous bar to have closing ranges ≤ 20% of ATR Consolidation Identification: Highlights periods of reduced volatility that often precede significant moves Customizable Color: Default amber/orange highlighting for easy visual identification Volume Breakout Detection: Multi-Criteria Volume Analysis: Triggers when volume exceeds any of three thresholds: 150% of 20-period volume SMA 150% of recent 3-bar average volume 150% of 50-period volume SMA Price Action Filter: Requires bullish price action (close > previous close OR close in upper 75% of range) Smart Volume Handling: Automatically detects and works only with instruments that have volume data Customizable Color: Default teal highlighting for volume-driven moves Technical Analysis Applications: Consolidation Patterns: Identify tight trading ranges before potential breakouts Volume Confirmation: Spot high-volume moves with supportive price action Entry Timing: Use tight closes to identify potential accumulation zones Breakout Validation: Volume-colored bars confirm legitimate breakout attempts Risk Management: Tight closes often indicate lower immediate volatility How to Use: Amber/Orange Bars: Indicate tight closing ranges - potential accumulation or consolidation Teal Bars: Show significant volume with bullish price action - potential breakout confirmation Normal Bars: Standard market conditions without special highlighting Pattern Recognition: Look for clusters of tight closes followed by volume breakouts Technical Requirements: Works on any timeframe Automatically adapts to instruments with or without volume data Compatible with all chart types and drawing tools

Relative Measured Volatility (RMV) – Spot Tight Entry Zones Title: Relative Measured Volatility (RMV) – Spot Tight Entry Zones Introduction The Relative Measured Volatility (RMV) indicator is designed to highlight tight price consolidation zones , making it an ideal tool for traders seeking optimal entry points before potential breakouts. By focusing on tightness rather than general volatility, RMV offers traders a practical way to detect consolidation phases that often precede significant market moves. How RMV Works The RMV calculates short-term tightness by averaging three ATR (Average True Range) values over different lookback periods and then normalizing them within a specified lookback window. The result is a percentage-based scale from 0 to 100, indicating how tight the current price range is compared to recent history. Here’s the breakdown: Three ATR values are computed using user-defined short lookback periods to represent short-term price movements. An average of the ATRs provides a smoothed measure of current tightness. The RMV normalizes this average against the highest and lowest values over the defined lookback period, scaling it from 0 to 100. This approach helps traders identify consolidation zones that are more likely to lead to breakouts. Key Features of RMV Multi-Period ATR Calculation : Uses three ATR values to effectively capture market tightness over the short term. Normalization : Converts the tightness measure to a 0-100 scale for easy interpretation. Dynamic Histogram and Background Colors : The RMV indicator uses a color-coded system for clarity. How to Use the RMV Indicator Identify Tight Consolidation Zones: a - RMV values between 0-10 indicate very tight price ranges, making this the most optimal zone for potential entries before breakouts. b - RMV values between 11-20 suggest moderate tightness, still favorable for entries. Monitor Potential Breakout Areas: As RMV moves from 21-30 , tightness reduces, signaling expanding volatility that may require wider stops or more flexible entry strategies. Adjust Trading Strategies: Use RMV values to identify tight zones for entering trades, especially in trending markets or at key support/resistance levels. Customize the Indicator: a - Adjust the short-term ATR lookback periods to control sensitivity. b - Modify the lookback period to match your trading horizon, whether short-term or long-term. Color-Coding Guide for RMV ibb.co How to Add RMV to Your Chart Open your chart on TradingView. Go to the “Indicators” section. Search for "Relative Measured Volatility (RMV)" in the Community Scripts section. Click on the indicator to add it to your chart. Customize the input parameters to fit your trading strategy. Input Parameters Lookback Period : Defines the period over which tightness is measured and normalized. Short-term ATR Lookbacks (1, 2, 3) : Control sensitivity to short-term tightness. Histogram Threshold : Sets the threshold for differentiating between bright (tight) and dim (less tight) histogram colors. Conclusion The Relative Measured Volatility (RMV) is a versatile tool designed to help traders identify tight entry zones by focusing on market consolidation. By highlighting narrow price ranges, the RMV guides traders toward potential breakout setups while providing clear visual cues for better decision-making. Add RMV to your trading toolkit today and enhance your ability to identify optimal entry points!

Range Tightening Indicator (RTI)The Range Tightening Indicator (RTI) quantifies price volatility relative to recent price action, helping traders identify low-volatility consolidations that often precede breakouts. Range Tightening is calculated by measuring the range between each bar’s high and low prices over a chosen lookback period. A 5-bar period is recommended for shorter-term momentum setups and a 15-bar period is recommended for swing trading. An option for a custom period is available to suit specific strategies. The default look back for custom is 50, ideal for longer term traders. Other Key Features: Dynamic Color Coding: The RTI line turns green when volatility doubles after a drop to or below 20, flagging significant volatility shifts commonly seen before breakouts. Low-Volatility Dots: Orange dots appear on the RTI line when two or more consecutive bars show RTI values below 20, visually marking extended low-volatility periods. Volatility Zones: Shaded zones provide quick context: Zone 1 (0-5): Extremely tight volatility, shown in red. Zone 2 (5-10): Low volatility, shown in light green. Zone 3 (10-15): Moderate low volatility, shown in green. The RTI indicator is ideal for traders looking to anticipate breakout conditions, with features that highlight consolidation phases, support momentum strategies, and help improve entry timing by focusing on shifts in volatility. This indicator was inspired after Deepvue's RMV Indicator, but uses a different calculation. Results may vary.