Congestion Detector

NSE:IOC1D

INDIAN OIL CORPNSE

Mô tả

⋅ 25 Th12 2018 15:29

This script detects price action congestion. These congestions are marked on chart itself.

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UnknownUnicorn6264620

⋅ 5 Th02 2021 01:52

thank you very much!

shivamsuper49

⋅ 14 Th12 2020 10:33

Very Nice

mosellemontreal

⋅ 28 Th01 2022 03:35

Thanks Mr Sujayabawskar.. really good work there.

sujaybawaskar

⋅ 29 Th01 2021 05:37

study(title = "Congestion Detector", overlay = true)

congestionCheck = ( close > low[1] and close < high[1]) and ( close[1] > low[2] and close[1] < high[2]) and ( close[2] > low[3] and close[2] < high[3])
bgcolor(color = congestionCheck? orange : na, transp=80)
bgcolor(color = congestionCheck? orange : na, transp=80, offset=-1)
bgcolor(color = congestionCheck? orange : na, transp=80, offset=-2)

CMFtest

⋅ 1 Th04 2022 09:17

@sujaybawaskar,
edited and add bar colouring and converted to v5
```//@version=5
indicator(title='Congestion Detector', overlay=true)
congestionCheck = ( close > low[1] and close < high[1]) and ( close[1] > low[2] and close[1] < high[2]) and ( close[2] > low[3] and close[2] < high[3])

barcolor(congestionCheck ? color.orange : na)
barcolor(congestionCheck ? color.orange : na, offset=-1)
barcolor(congestionCheck ? color.orange : na, offset=-2)

bgcolor(congestionCheck ? color.orange : na, transp=80)
bgcolor(congestionCheck ? color.orange : na, offset=-1, transp=80)
bgcolor(congestionCheck ? color.orange : na, offset=-2, transp=80)```

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