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Auto Range Detector
Auto Range Detector
Overview
The Auto Range Detector is a Pine Script v6 indicator for TradingView, designed to identify price consolidation ranges and detect breakouts and fakeouts. It overlays dynamic and verified range boxes, highlighting zones based on inside candles, and includes real-time fakeout markers and hypothetical range marks. Custom fakeout verification reduces false signals by validating reentries in real-time. With customizable settings, this indicator is commonly used for studying range-based breakouts and reversals in any market.
How It Works
The indicator detects consolidation ranges by counting candles (default: minimum 3) within a user-defined lookback period (default: 20 bars) using TradingView’s ta.highest and ta.lowest functions—focusing on inside bars to capture true consolidation without noise. Dynamic boxes update in real-time to reflect the range’s high and low, colored based on the price’s position relative to the midline (bullish, bearish, or neutral). Verified ranges are locked in as boxes (up to 5 displayed), with colors illustrating breakout direction. Fakeouts are identified when price breaks out but reenters the range within a specified window (default: 3 bars), with arrow marks plotted when price verifies the fakeout direction. Hypothetical boxes illustrate ranges over a user-defined period (default: 10 bars) using real-time high/low updates.
Key Features
• Range Detection: Identifies consolidation zones based on a minimum number of inside candles.
• Fakeout Detection: Spots and verifies false breakouts within a user-defined window.
• Hypothetical Range Boxes: Illustrates hypothetical high/low ranges with dynamic updates.
• Color-Coded Visualization: Displays initial, bullish, bearish, and box markers with customizable colors.
• Breakout/Fakeout Markers: Marks hypothetical breakouts and verified fakeouts with labeled arrows.
• Customizable Settings: Adjust range length, minimum touches, fakeout window, and hypothetical period.
What It Displays
This indicator combines consolidation detection with real-time fakeout markers and hypothetical ranges, offering a unique approach to range trading. Its ability to identify and validate breakouts and reversals makes it a versatile tool for day trading, scalping, or swing trading in stocks, forex, futures, or crypto, enhancing trade precision.
Originality
This indicator is an original Pine v6 implementation using TradingView’s built-in ta.highest, ta.lowest, math.max, and math.min functions.
Common Ways People Use It
• Day traders reviewing range breakouts and fakeout reversals.
• Scalpers studying short-term consolidation zones.
• Technical analysts illustrating price ranges and market direction.
Configuration Notes
Configure the range detection length (default: 20 bars), minimum inside candles (default: 3), fakeout window (default: 3 bars), and hypothetical window (default: 10 bars). Customize box and arrow colors to suit your chart. Use verified boxes and breakout/fakeout arrows to identify commonly monitored trade setups.
Legal Disclaimer
These indicators are for informational and educational purposes only—not investment, financial, or trading advice. Past performance is not indicative of future results; trading involves high risk of loss. Provided "as is" with no warranties. Consult a qualified professional before decisions. By using, you assume all risk and agree to this disclaimer.
Overview
The Auto Range Detector is a Pine Script v6 indicator for TradingView, designed to identify price consolidation ranges and detect breakouts and fakeouts. It overlays dynamic and verified range boxes, highlighting zones based on inside candles, and includes real-time fakeout markers and hypothetical range marks. Custom fakeout verification reduces false signals by validating reentries in real-time. With customizable settings, this indicator is commonly used for studying range-based breakouts and reversals in any market.
How It Works
The indicator detects consolidation ranges by counting candles (default: minimum 3) within a user-defined lookback period (default: 20 bars) using TradingView’s ta.highest and ta.lowest functions—focusing on inside bars to capture true consolidation without noise. Dynamic boxes update in real-time to reflect the range’s high and low, colored based on the price’s position relative to the midline (bullish, bearish, or neutral). Verified ranges are locked in as boxes (up to 5 displayed), with colors illustrating breakout direction. Fakeouts are identified when price breaks out but reenters the range within a specified window (default: 3 bars), with arrow marks plotted when price verifies the fakeout direction. Hypothetical boxes illustrate ranges over a user-defined period (default: 10 bars) using real-time high/low updates.
Key Features
• Range Detection: Identifies consolidation zones based on a minimum number of inside candles.
• Fakeout Detection: Spots and verifies false breakouts within a user-defined window.
• Hypothetical Range Boxes: Illustrates hypothetical high/low ranges with dynamic updates.
• Color-Coded Visualization: Displays initial, bullish, bearish, and box markers with customizable colors.
• Breakout/Fakeout Markers: Marks hypothetical breakouts and verified fakeouts with labeled arrows.
• Customizable Settings: Adjust range length, minimum touches, fakeout window, and hypothetical period.
What It Displays
This indicator combines consolidation detection with real-time fakeout markers and hypothetical ranges, offering a unique approach to range trading. Its ability to identify and validate breakouts and reversals makes it a versatile tool for day trading, scalping, or swing trading in stocks, forex, futures, or crypto, enhancing trade precision.
Originality
This indicator is an original Pine v6 implementation using TradingView’s built-in ta.highest, ta.lowest, math.max, and math.min functions.
Common Ways People Use It
• Day traders reviewing range breakouts and fakeout reversals.
• Scalpers studying short-term consolidation zones.
• Technical analysts illustrating price ranges and market direction.
Configuration Notes
Configure the range detection length (default: 20 bars), minimum inside candles (default: 3), fakeout window (default: 3 bars), and hypothetical window (default: 10 bars). Customize box and arrow colors to suit your chart. Use verified boxes and breakout/fakeout arrows to identify commonly monitored trade setups.
Legal Disclaimer
These indicators are for informational and educational purposes only—not investment, financial, or trading advice. Past performance is not indicative of future results; trading involves high risk of loss. Provided "as is" with no warranties. Consult a qualified professional before decisions. By using, you assume all risk and agree to this disclaimer.
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系TradingScriptSolutions。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
To access this premium indicator, purchase at https://whop.com/tradingscript-solutions-llc/premium-auto-range-detector/ . Once you've bought access, you'll receive the invite link or code to add it to your TradingView account.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系TradingScriptSolutions。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
To access this premium indicator, purchase at https://whop.com/tradingscript-solutions-llc/premium-auto-range-detector/ . Once you've bought access, you'll receive the invite link or code to add it to your TradingView account.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。