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Range Detection

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This is a simple indicator to find the sideways market or ranging market.

It is mainly focused on BTCUSD as BTCUSD doesn’t make big moves each and every candle. It makes big breakouts with one candle and then goes sideways for a longer period of time.

So, this indicator identifies those big candles and plots high and lows of those big candles using lines. New range is created only when new candles close above or below previous major candles high or low.
Информация о релизе
1. Range detection is now dynamic.
2. User inputs for the range to start showing.
3. Alerts for Bullish and Bearish breakouts.

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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.