OPEN-SOURCE SCRIPT

Consolidation and Breakout (Inside Bars)

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 emerges. Once you have identified consolidation, the next step is to keep an eye on a possible breakout.

This indicator would be useful for Breakout traders.

A candle's high and low is marked and if consequent candle fails to close above or below the marked candle, it's considered as an inside bar.

This can help breakout traders in tackling fakeouts since the wick above or below the initial candle are neglected and only the candle close above or below the range are considered as breakout.


Candlestick analysisconsolidationconsolidation-breakout

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?


更多:

免责声明