OPEN-SOURCE SCRIPT

Sideways Market Detector with High/Low NJR

Calculate the range as the difference between the high and low prices.

The maxRange input to specify the maximum allowable range that defines a sideways market.

The background color is set to blue during sideways market conditions, and it's transparent to some extent (transp=90). When the market is not sideways, the background color is not changed.

The indicator marks the start and end of the session with red triangles.

When the price range (high - low) is within the specified threshold, the indicator will indicate a sideways market with a blue background.
sentiment

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。

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