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OPEN-SOURCE SCRIPT

Consolidation Ranges [kingthies]

By kingthies
Updated
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

Pine Script®


Release Notes
Upgraded to pine v5
analysisbreakoutconsolidationimpulsekingthiesMoving AveragestrendTrend AnalysisVolatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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kingthies
Eric Thies
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