OPEN-SOURCE SCRIPT
Range Oscillation Detector / Owl of Profit
Range Oscillation Detector
The Range Oscillation Detector is designed to identify periods where price movements consistently stay within a defined range over a specified lookback period.
Features
Range Detection
Monitors the price range between a specified low ($10) and high ($15).
Evaluates if all days within the lookback period are confined to the specified range.
Default lookback period: 30 days.
Visual Indicator
Highlights the chart's background in green when the range condition is met.
Alert System
Sends an alert when the price has been oscillating between the defined range for the entire lookback period.
Use Case
This tool is ideal for range-bound trading strategies, allowing traders to identify assets with consistent price oscillation between defined levels, potentially indicating sideways markets or consolidation zones.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
The Range Oscillation Detector is designed to identify periods where price movements consistently stay within a defined range over a specified lookback period.
Features
Range Detection
Monitors the price range between a specified low ($10) and high ($15).
Evaluates if all days within the lookback period are confined to the specified range.
Default lookback period: 30 days.
Visual Indicator
Highlights the chart's background in green when the range condition is met.
Alert System
Sends an alert when the price has been oscillating between the defined range for the entire lookback period.
Use Case
This tool is ideal for range-bound trading strategies, allowing traders to identify assets with consistent price oscillation between defined levels, potentially indicating sideways markets or consolidation zones.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
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