OPEN-SOURCE SCRIPT
Aggiornato 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.
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.
Note di rilascio
Support highlight congestion zone with multiple candlesNote di rilascio
add border color and increase width of box next 2 candlesNote di rilascio
- Convert source code to version 5- Send alert once have a new congestion zone
Note di rilascio
Fix bug and change alert messageNote di rilascio
update logic of congestion zone
Script open-source
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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