Used to identify when a market is consolidating before a move. Can be adjusted for any time frame and only to be used for markets with volume .
Setup
If the lines show up and the upper line is above the latest close and the lower line is below for a few bars, wait for price to start breaking out of consolidation into expansion.
If the lines don't line up with price (like appear below, above the closes) then the setup isn't there.
Huge pain in the ass to find solid settings tho, be warned. If nothing is showing up, change the "Low" input higher or lower
Will be updating to make it more user friendly
if you want an invite, just ask in the comments. I just don't want to go through the hassle of dealing with the mods and making everything all pretty and explainable.
Setup
If the lines show up and the upper line is above the latest close and the lower line is below for a few bars, wait for price to start breaking out of consolidation into expansion.
If the lines don't line up with price (like appear below, above the closes) then the setup isn't there.
Huge pain in the ass to find solid settings tho, be warned. If nothing is showing up, change the "Low" input higher or lower
Will be updating to make it more user friendly
if you want an invite, just ask in the comments. I just don't want to go through the hassle of dealing with the mods and making everything all pretty and explainable.