PROTECTED SOURCE SCRIPT
Intelligent Oscillation Box
Indicator Name: Smart Consolidation Box
Purpose: Automatically draws "consolidation boxes" and identifies breakout directions.
Core Logic:
Find Consolidation: If the price fluctuates very little over a recent period (below a set threshold), it is identified as consolidation, and a blue box is drawn.
Monitor Breakout: When the price moves outside the box, the color does not change immediately.
Filter False Breakouts: A breakout is only confirmed as genuine if the price remains outside the box for several consecutive bars.
Bullish Breakout (Up): Box turns Green.
Bearish Breakout (Down): Box turns Red.
Box Expansion: During the blue consolidation phase, if the price makes a new high/low while the overall range remains tight, the box automatically expands to include it.
One-Sentence Summary: It automatically draws the market's "consolidation ranges" for you and provides a clear color-coded signal when the range is effectively broken.
Purpose: Automatically draws "consolidation boxes" and identifies breakout directions.
Core Logic:
Find Consolidation: If the price fluctuates very little over a recent period (below a set threshold), it is identified as consolidation, and a blue box is drawn.
Monitor Breakout: When the price moves outside the box, the color does not change immediately.
Filter False Breakouts: A breakout is only confirmed as genuine if the price remains outside the box for several consecutive bars.
Bullish Breakout (Up): Box turns Green.
Bearish Breakout (Down): Box turns Red.
Box Expansion: During the blue consolidation phase, if the price makes a new high/low while the overall range remains tight, the box automatically expands to include it.
One-Sentence Summary: It automatically draws the market's "consolidation ranges" for you and provides a clear color-coded signal when the range is effectively broken.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
QQ 2777805386
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
QQ 2777805386
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.