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 open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.