OPEN-SOURCE SCRIPT
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BlackDelta : Consolidation Detector

147
Visuals :

Purple background → whole chart section is in consolidation.

Small orange circle under the bar → that specific bar is meeting all conditions. (Consolidation)

So visually:

Purple shaded region = "market is coiling here"

You can track price action in that shaded zone, then look for a breakout beyond the range for trades.

This tool basically filters out fake quiet periods and only highlights the real compression zones that often lead to a breakout.

Enjoy :)
Notas de Lançamento
Visuals :

Purple background → whole chart section is in consolidation.

Small orange circle under the bar → that specific bar is meeting all conditions. (Consolidation)

So visually:

Purple shaded region = "market is coiling here"

You can track price action in that shaded zone, then look for a breakout beyond the range for trades.

This tool basically filters out fake quiet periods and only highlights the real compression zones that often lead to a breakout.

Enjoy :)

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