PROTECTED SOURCE SCRIPT
Обновлено Range Market Indicator
Range Market Indicator is designed to identify and monitor sideways (range-bound) market conditions in a stable and tradeable way.
The indicator automatically detects a price range, locks the support and resistance levels once confirmed, and keeps them fixed until a confirmed breakout occurs. This prevents constant recalculation and eliminates noisy, unreliable ranges.
Key features:
• Automatic detection of valid trading ranges
• Locked support and resistance levels
• Breakout warning and confirmed breakout detection
• Range age (number of bars)
• Support and resistance test count
• Range width percentage
• Range quality classification (Low / Medium / High)
• Visual range box and clean dashboard
The dashboard provides a clear, at-a-glance overview of whether the current market is suitable for range trading or if the range structure has broken.
This indicator does not generate buy or sell signals. It is designed to be used alongside existing strategies and indicators to support decision-making in sideways markets.
Recommended usage:
• Timeframes: 15m – 4H
• Best suited for liquid instruments (stocks, crypto, indices)
• Designed for range trading and accumulation strategies
Disclaimer:
This indicator is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance does not guarantee future results. Always conduct your own analysis and risk management before making trading decisions.
The indicator automatically detects a price range, locks the support and resistance levels once confirmed, and keeps them fixed until a confirmed breakout occurs. This prevents constant recalculation and eliminates noisy, unreliable ranges.
Key features:
• Automatic detection of valid trading ranges
• Locked support and resistance levels
• Breakout warning and confirmed breakout detection
• Range age (number of bars)
• Support and resistance test count
• Range width percentage
• Range quality classification (Low / Medium / High)
• Visual range box and clean dashboard
The dashboard provides a clear, at-a-glance overview of whether the current market is suitable for range trading or if the range structure has broken.
This indicator does not generate buy or sell signals. It is designed to be used alongside existing strategies and indicators to support decision-making in sideways markets.
Recommended usage:
• Timeframes: 15m – 4H
• Best suited for liquid instruments (stocks, crypto, indices)
• Designed for range trading and accumulation strategies
Disclaimer:
This indicator is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance does not guarantee future results. Always conduct your own analysis and risk management before making trading decisions.
Информация о релизе
Version 1.1 – Graded Dashboard & Stability Improvements• Added multi-level Range Quality system (VERY LOW, LOW, MEDIUM, HIGH, EXTREME)
• Implemented color-graded dashboard for instant visual decision making
• Improved range quality logic using both range age and support/resistance test count
• Enhanced dashboard readability with clearer structure and color coding
• Maintained locked support & resistance logic to prevent constant recalculation
• Preserved stable range detection until confirmed breakout
• General stability and usability improvements
This update focuses on improving clarity, confidence, and real-time usability for range trading and accumulation strategies.
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. Однако вы можете использовать его свободно и без каких-либо ограничений — читайте подробнее здесь.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. Однако вы можете использовать его свободно и без каких-либо ограничений — читайте подробнее здесь.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.