MACD Range Detector by Simonezzi

Key Features:

Range Detection: Identifies sideways markets by analyzing MACD flatness, histogram behavior, and MACD-Signal convergence

Visual Alerts: Colors the background orange during ranging periods, blue during trends

Labels: Marks when the market enters/exits ranging conditions

Statistics Table: Shows real-time metrics (top-right corner)

Built-in Alerts: Set alerts for range detection and trend resumption

MACD Panel: Optional display of MACD components with range highlighting

The indicator works best on higher timeframes (1H, 4H, Daily) for more reliable range detection. Orange background = ranging market, Blue labels = trend resuming.