Range & Consolidation Detector

9 juil.

Hello friends,

I’m excited to share my latest discovery with you — the Range & Consolidation Detector. This script is built on a unique methodology I’m truly proud of. It uses no traditional indicators like ADX, RSI, or ATR — just pure statistics and mathematics under the hood. No parameters to tweak, no settings to guess — it just works, right out of the box.

🛠️ How It Works
At its core is a proprietary formula that reliably identifies ranging conditions across all tickers and timeframes. It’s simple, robust, and consistent — exactly what traders need to spot sideways markets without noise or lag.

🔥 Key Features

• Pine Script v6 – Uses the latest version for maximum performance
  
• Zero configuration – No inputs to adjust, no hidden settings — the algorithm works automatically
  
• Optimized performance – Runs efficiently for smooth charting
  
• Universal compatibility – Works flawlessly on any asset and timeframe, in every market condition — from euphoric peaks to choppy ranges
  

📸 Visual Examples





If you’d like access or have any questions, feel free to reach out to me directly via DM.

👋 Good luck and happy trading!

10 juil.

Notes de version

• Fixed a bug with access keys. Just reload the chart
  

24 juil.

Notes de version

• Added background color change for ranges broken upward or downward
  
• Added a simple inside-range statistics table showing bars and volume
  
• Added broken upward/downward alerts with customizable messages
  

28 juil.

Notes de version

• Added filters for Pine Screener. Now it is possible to scan your watchlist for ranging markets
  

Example: