Hello Traders! The TRN Consolidation and Range Pattern indicator utilizes a unique swing-based pattern recognition to pinpoint consolidation zones in real-time with unparalleled precision. The rectangle pattern, also known as a trading range or a consolidation pattern, is characterized by horizontal lines that act as support and resistance levels, creating a...
🔶 Description: The "Range Finder " indicator aims at identifying and visualizing price ranges within a specified number of candles. By utilizing the Average True Range (ATR) indicator and Simple Moving Average (SMA), it detects potential breakout conditions and tracks consecutive candles that remain within the breakout range. This indicator offers flexibility...
█ Overview The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging...
This tool is designed for traders looking to spot areas of consolidation on their charts across various time frames. It highlights these consolidation areas using visually appealing boxes, making it easier to identify potential breakout or breakdown zones. How To Use: Spotting Consolidation: When you see a box form on your chart, this represents a...
This script aims to help identify sideways markets. Once price leaves the Box the market will usually start a trending phase. Users can set a percent range to detect markets moving sideways within the range.
Consolidation indicates moments of market indecision when there is no shift in price. It is neither positive nor negative. Usually, after a price burst or strong trend movement that market falls back into a phase when traders are cautious about possible overbought or oversold positions. During this period, market reconciles before another breakout or trend...
Dear Traders, It so happens to the traders that once in their lifetime journey they be sure to here the below statement. 1. I got struck in the consolidation zone 2. Signals from technical indicators failed because prices were consolidating. 3. Its pretty tuff to detect consolidation zone. (programmatically) I don't know about other but I have heard this...
Based On the "Chop and explode Indicator by fhenry0331 We Updated to Pine 5 - Added break out alerts and Signals -Customize thresholds How To use when the line is blue confirmed Buy Line is Red confirmed Sell ALWAYS use in confirmation with your strategy and Trade with the trend. Match with the on chart version for best results
This script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars. After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range. When price breaks the consolidating range the range is cleared, this is where you long/short the...
Three Week Tight Pattern is a consolidation indicator which give extra buy point on strong fundamental stocks. You can read about it from IBD here: www.investors.com
This script is based on Range Support and Resistance . It works by taking the range of the day,week and month calculating them and plotting 3 layers of Support and Resistance , as soon as it gets non directional /range bound , bar color turns GRAY if its in Bullish Trend and Pink if its in Bearish Trend .. As soon as bar turns Aqua it defines BULLISH Trend and...
A method I'm playing with to detect liquidity grabs and breaks from consolidation.
Consolidation Range Analysis Published by Eric Thies, January 2021 █ Indicator Summary This tool calculates, analyzes and plots the visualization of a relative range over a given period of time By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter The default...
Experimental : This script identifies the consolidation of a stock for selected time period. The consolidation period and range can be configured. 2 levels of consolidation levels can be selected. i.e Strong and medium. The range for strong and medium level of consolidation can also be configured by the user. A movement in the direction of breakout of the...
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...
Dear Followers, yet another great tool! Gann was historically a great trader, who strictly followed his theory and died so rich! Gann Fan is a great indicator: it draws a series of trendlines from important highs and lows in the chart and, as you will see from the chart itself, price action feels those trendlines, which acts as support and resistance ! Once...
Hello, Hello, Hello, And welcome back to Bitcoin Beats. Today I'm going to show you my Ranges Indicator. Designed initially for breakouts but an analysts mind quickly spots the other uses for this indicator. If we are consolidating (which is most of the time) a good strategy to trade would be to trade ranges. However, as soon as you spot the range it can feel...
The purpose of this script is to decipher chop zones from runs/movement/explosion The chop is RSI movement between 40 and 60 tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...