Consolidation Zones - Live

10 มิ.ย. 2020

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:



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



Enjoy!

10 มิ.ย. 2020

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Fixed: if new highest/lowest is in Consolidation zone then Consolidation Zone is extended

10 มิ.ย. 2020

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Alerts added

2 ต.ค. 2021

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transp removed

5 ต.ค. 2021

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Color option added for the zone