Range (Consolidation) Indicator wanted

• 08/18/2021 at 5:01 PM #175621
  pips_103

  Hi All,

  I have been looking for sometime on here for an indicator that will identify a range bound market (consolidation) see screenshot.

  Ideally marked with a rectangle on the 1H chart, min 5 candles

  Does anyone here know of one that is pre-written?, I have tried to write my own but can’t work out the logic properly to code it 🙁

  Any help is appreciated, Thank you in advance

  1 user thanked author for this post.

  repropel

  

  pips_103

  Participant

  Topics: 9

  Replies: 14

  Been thanked: 5 times
  08/19/2021 at 10:04 AM #175685
  robertogozzi

  Searching this forum for the word RANGE will return many links, among them some useful indicators than you can use as-is or customize to tailor them to fi your requirements:

  https://www.prorealcode.com/topic/range-compression-indicator/

  https://www.prorealcode.com/prorealtime-indicators/range-coefficient/

  https://www.prorealcode.com/prorealtime-indicators/range-filter/

  https://www.prorealcode.com/prorealtime-indicators/j-wells-wilder-indicator-reactor/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

  https://www.prorealcode.com/prorealtime-indicators/madrid-trend-squeeze/

  https://www.prorealcode.com/prorealtime-indicators/squeeze-light/

  Some ways to identify ranging prices can be:

  • when Bollnger Bands are within a Keltner Channel
  • when Bollinger Bands narrow
  • when the price range does not exceed X pips in the last N periods
  • when two or more MAs narrow

  There are obviously more methods, you need to read them, then decide which one(s) best fit you.

   

  1 user thanked author for this post.

  repropel

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
• Author
  Posts