Range Price
Version: v.1.0.0.0
Description
The RangePrice indicator is designed to identify and highlight price ranges on a chart based on user-defined volume, length, and height criteria. It allows traders to visually analyze periods of consolidation or significant price activity by marking these ranges with customizable colors and opacity. The indicator also provides options to control the minimum distance between detected ranges and to display additional analytic information directly on the chart.
Key Features
- Detects price ranges using minimum volume, length (bars), and height (ticks) thresholds.
- Customizable color and opacity for visual range highlights.
- Option to specify the minimum number of bars between detected ranges to avoid overlap.
- Ability to display analytic information for deeper market insight.
This tool is useful for traders seeking to identify consolidation zones, accumulation/distribution areas, or other significant price structures within their trading strategy.
Properties
- Min Volume Range [default: 2100, range: 1–∞] — Minimum volume for range.
- Lengh Range (Bars) [default: 14, range: 1–∞] — Range length in bars.
- Height Range (Ticks) [default: 70, range: 1–∞] — Range height in ticks.
- Minimum length between ranges [default: 5] — Minimum bars between ranges.
- Color Ranges — Color for range rectangles.
- Opacity Ranges [default: 50, range: 0–100] — Transparency (0–100).
- Show Analytic Info [default: false] — Show Bulls/Bears/Volume/Level Touches stats.