Consolidation Range Analysis Published by Eric Thies, January 2021 █ Indicator Summary This tool calculates, analyzes and plots the visualization of a relative range over a given period of time By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter The default...
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...
The purpose of this script is to decipher chop zones from runs/movement/explosion The chop is RSI movement between 40 and 60 tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
This indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :) The default RSI settings for this strategy are: RSI Overbought: 80 RSI Oversold: 20 Length: 7 When the RSI gets above 80, the line will turn red and the script will begin looking for a specific...
How to consolidate multiple alerts into a single alertcondition(). The solution consists of two parts: 1 - consolidate the alert conditions 2 - consolidate the alert types used in the alert message Part two is harder to accomplish because the message to display when the alert fires must be const string. However, we can use numbers. The structure: ▪ 1 and...
This indicator acts as a filter for determining recent breakouts and consolidations in price. The first way to use the indicator is with a short lookback period. It then will paint yellow most of the time, with red marking a sharp recent breakdown in price and green marking a sharp breakout in price. This can be used to follow the breakout, or to fade it. The...
See the current trend strength of the market. An additional filter makes trend consolidation areas visible. The color changes there each bar back and forth between green and red. This area was interesting. Would have been a better example: If the filter is deactivated the indicator shows the last measured price trend...
This indicator in designed to be used with Renko and other price only bars (ie Kagi, LineBreak, Point&Figure) and shows the number of minutes a bar was open before it was confirmed and printed. NOTE: It will only work on currencies and symbols that are in the 24/5 market, it does account for weekend market close time but does not account for any Forex market...
Good afternoon traders. Have you ever got trapped on the middle of a consolidation? Well, it just happened to me trading the 1 minute chart last friday! So, I coded this script to display a percentage of ATR for a given resolution. Now, how can you benefit using this information? For example: Using the standard settings (resolution is calibrated 15 minutes...
Hello there, fellow trader! Welcome to Price Finder indicator for TradingView page. Please join me as I present you an overview about it. Before we begin, a few quick notes: Availability information is presented at the last section of this content. Please check it out to know how to get access. In addition to this description, there is also an...
Experimental : This script identifies the consolidation of a stock for selected time period. The consolidation period and range can be configured. 2 levels of consolidation levels can be selected. i.e Strong and medium. The range for strong and medium level of consolidation can also be configured by the user. A movement in the direction of breakout of the...
A visual representation of 25, 50, 100, or 200 moving averages and their position relative to price action. Reading this Indicator: Blue represents that the majority of MAs are below price action, indicating a bullish trend. The wider the Strand, the stronger the trend. All 4 Settings showing blue indicate a strong bullish trend. Orange represents that the...
Dear Followers, yet another great tool! Gann was historically a great trader, who strictly followed his theory and died so rich! Gann Fan is a great indicator: it draws a series of trendlines from important highs and lows in the chart and, as you will see from the chart itself, price action feels those trendlines, which acts as support and resistance ! Once...
Hello, Hello, Hello, And welcome back to Bitcoin Beats. This is another version of my previous script, "Range Indicator - Bitcoin Beats". Designed initially for breakouts but shows adaptive ranges and consolidation in XBTUSD(Haven't tested other assets but should do the same thing). If we are consolidating (which is most of the time) a good strategy to trade...
Hello, Hello, Hello, And welcome back to Bitcoin Beats. Today I'm going to show you my Ranges Indicator. Designed initially for breakouts but an analysts mind quickly spots the other uses for this indicator. If we are consolidating (which is most of the time) a good strategy to trade would be to trade ranges. However, as soon as you spot the range it can feel...
ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures. ADX is plotted as a single line with values...
This indicator lets you see when a trend may be exhausted and require consolidation, as well as choppy trading zones. When the oscillator is in the bottom bar, the price is in a chop zone. When it reaches the top bar, it is due for consolidation.
This is a customized trend filter that has several uses: It helps identify trend direction, either bullish or bearish It distinguishes between a pullback and a trend reversal It helps identify areas where traders should stand aside It highlights areas of consolidation