Consolidation Score Screener

5월 2일

In trading, a consolidation range is like a timeout after a big move in the price of a stock or symbol.
It's when the market takes a breather, neither pushing the price up nor down too hard.

Visually, it looks like the price moving sideways on a chart, with highs and lows staying within a certain range.

so this indicator is created to help myself and you decide if its a ranging market and what's the score of that consolidation range

The score ranges between 0 and 10 , where 10 is the max consolidation score , meaning this stock or the symbol is at its highest peak of consolidation .


What would you see using this indicator ?

Symbols circles , inside these circles it will print the consolidation score ..
in the middle of the indicator it will show the range of all the 20 symbols scores .
so it will give you like overall ranging value for your 20 symbols

Settings :

• TimeFrame : TimeFrame input to select which time frame you want your indicator to analysis
  
• Range length : The Range that you would want your indicator to take into consideration when doing its analysis .
  

Features :

• 20 symbols analysis
  
• Multi timeframe capability
  

Enjoy .