Consolidation Ranges [kingthies]

BITSTAMP:BTCUSD

Bitcoin / U.S. dollarBitstamp

설명

⋅ 2021년 1월 8일 오후 7시 12분

Consolidation Range Analysis
[I] 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 period is 30, and should be adjusted to users preference
The default input is the current close price, on the chosen timeframe of the chart

█ Script Source

// //@version=4 //© kingthies || This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ study("Consolidation Ranges [kingthies]", shorttitle="CR [kingthies]", overlay=true) // !<------ User Inputs -----> src = input(close, title='Range Input (Default set to Close'), lengthEMA=input(30,title='Length'),zoneToggle = input(true, title="Toggle Zone Highlights"), iCol = color.new(#FFFFFF, 100), // !<---- Declarations & Calculations ---- > trndUp = float(na),trndDwn = float(na), mid = float(na), e = ema(src, lengthEMA) trndUp := src < nz(trndUp[1]) and src > trndDwn[1] ? nz(trndUp[1]) : high, trndDwn := src < nz(trndUp[1]) and src > trndDwn[1] ? nz(trndDwn[1]) : low, mid := avg(trndUp, trndDwn) // !< ---- Plotting -----> highRange = plot(trndUp == nz(trndUp[1]) ? trndUp : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Top of Period Range") lowRange = plot(trndDwn == nz(trndDwn[1]) ? trndDwn : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Bottom of Period Range") xzone = plot(zoneToggle ? src > e ? trndDwn : trndUp : na, color=iCol, style=plot.style_circles, linewidth=0, editable=false) fill(highRange, xzone, color=color.lime,transp=70), fill(xzone, lowRange, color=color.red,transp=70) //

릴리즈 노트

⋅ 2021년 10월 23일 오후 4시 11분

Upgraded to pine v5

코멘트

wertull93

⋅ 2021년 1월 25일 오전 11시 37분

The default period is 30, and should be adjusted to users preference. What are the days, hours, candles expressed in?

sagamhc

⋅ 2021년 2월 14일 오후 8시 45분

Please specify the operating rules, I am not very good at using it

trinitytew

⋅ 2022년 10월 1일 오후 3시 23분

If I wanted to change the time period to 5 min and 1 min would I just change the script where it says 30 to 5/1 ? also on a lower time frame will script still be accurate.

evafesalbon

⋅ 2021년 9월 6일 오전 1시 9분

It's a fantastic indicator! It prevents me from taking many losing trades! Thanks so much!

Pintito3008

⋅ 2024년 1월 17일 오후 11시 47분

Awesome indicator. Look for price exit.
Price Exit on box bottom direction is down trend continuation.
Likewise, Price exiting box top direction is a uptrend continuation. Use with other indicators to confirm. But has really been a game changer. Thanks for all your hard work.

aswid84

⋅ 2024년 3월 30일 오전 10시 36분

@Pintito3008, Hi, Could you please explain to me how to look for price exit?

pestseliminated

⋅ 2023년 1월 20일 오후 12시 59분

thankyou for your efforts in producing a useful tool to use as p[art of a trading strategy

TwstedChurro

⋅ 2022년 7월 10일 오전 2시 15분

The period doesn’t seem to be working. It doesn’t adjust anything when changed.

CodyMaki

⋅ 2022년 4월 7일 오전 6시 11분

beautiful just what i been looking for thank you

GreenGanesh

⋅ 2021년 9월 26일 오전 10시 26분

its really great indicator.. thank you sir