Consolidating Box with EMA

**Consolidating Box with EMA** automatically identifies tight consolidation zones near an EMA and draws a dotted box around the most recent valid range. It also displays key stats (range and candle count) in a small table.

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### What it shows

* **Consolidation Box (dotted white border):**

* **Top:** Highest High within the detected range
* **Bottom:** Lowest Low within the detected range
* **Info Table (bottom-right):**

* **R:** Range in ATR units → `(BoxHigh - BoxLow) / ATR`
* **N:** Number of candles in the consolidation

> Only the **latest** consolidation box is displayed. The script removes the previous box/table on each last-bar update.

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### How it works

On the latest bar, the script scans back up to **50 candles** and attempts to find a consolidation where:

* The overall High–Low range stays within a volatility threshold:
`Range <= ATR Multiplier × ATR`
* The consolidation is **near the EMA**, meaning at least one candle overlaps this EMA band:
`EMA ± (EMA Multiplier × ATR)`
* The range contains at least **Minimum Consolidation Candles**.

To be flexible across different volatility conditions, it iterates ATR thresholds from **ATR Multiplier Min** to **ATR Multiplier Max**, using **ATR Multiplier Step**, and stops at the first valid match.

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### Inputs

**General**

* **Minimum Consolidation Candles:** Minimum number of candles required to qualify.

**ATR**

* **ATR Length:** ATR period used for volatility normalization.
* **ATR Multiplier Min / Max:** Tightness range used to search for consolidation.
* **ATR Multiplier Step:** Increment size while searching.

**EMA**

* **EMA Length:** EMA period used as the “mean” reference.
* **EMA Multiplier:** Width of the EMA proximity band in ATR units.

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### Tips

* Lower **ATR Multiplier Max** → fewer but tighter boxes
* Increase **Minimum Consolidation Candles** → longer, more reliable consolidations
* Increase **EMA Multiplier** → allows boxes farther from the EMA band

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