Congestion Zone

Congestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle
When the price returns to the congested zone there is a possibility of a reversal
The congestion zone is used as a support-resistance area and is used by price action traders.
This script will highlight congestion zones, this will help PA Traders find out them easily.

Notas de Lançamento

Support highlight congestion zone with multiple candles

Notas de Lançamento

add border color and increase width of box next 2 candles

Notas de Lançamento

- Convert source code to version 5
- Send alert once have a new congestion zone

Notas de Lançamento

Fix bug and change alert message

Notas de Lançamento

update logic of congestion zone

Script de código aberto

Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.

HLongTran

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Script de código aberto

HLongTran