BOX + 50% + 75% N CANDLES BACK (Freeze v2.7c)

📦 BOX + 50% + 75% N CANDLES BACK (Freeze v2.7c)

Author: Eng. Vicente Budzinski

This indicator automatically draws a consolidation box based on the closing and opening prices of a specified number of bars behind the most recent one, helping traders visualize short-term balance zones and potential breakout areas.

🧭 Key Features

Dynamic Box Calculation:
The box is defined by the highest and lowest body prices (open/close) within a user-defined window of bars (Bars Back), extended into the future for projection.

Right-Side Filter (RightBar):
Allows you to ignore the most recent N bars (including the current one) when calculating the top and bottom, keeping the box anchored to slightly older structure and filtering out recent noise or spikes.

50% and 75% Levels:
Automatically plots 50% and 75% internal zones inside the consolidation box for refined reference levels.

Freeze Mode:
Lets you “lock in” the current box geometry, preventing it from being recalculated on new bars — perfect for marking static consolidation zones or backtesting breakouts.

Fully Customizable:
Choose to display internal guides, borders, labels, and extension distance into future bars.

⚙️ Typical Use Cases

Identifying price compression zones before breakouts.

Marking balance areas for pullback or breakout strategies.

Studying price behavior after consolidation (range expansion).

💡 Usage Tips

Increase Bars Back for broader consolidation zones.

Adjust RightBar to ignore the latest volatility or wick extensions.

Use Freeze to keep your box fixed for analysis or screenshots.