Explosive Potential

This script looks at times where MACD is within a specified range (very close to 0 values) and price action is very constrained (under 2%). Historically price has made a strong move after these conditions.

I typically run this on an 8H timeframe.

Review on BTCUSD and other cryptos.

릴리즈 노트

Increased the 'Price bar back' range (for lower timeframes).
Made price threshold input a %

릴리즈 노트

Updated script example snapshot

릴리즈 노트

Added alert condition + video tutorial for tuning:

youtu.be/XUUJw5uCXe8

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.