Compression Zones by @crypto.erke

Compression Zones - a handy tool I whipped up to spot those quiet moments in the market where volatility drops low. These compression zones often hint at big breakouts or trend shifts.

Key Features:

Volatility Check: I built it with Standard Deviation or ATR, using a 14-period lookback and 50-period SMA to track those calm patches.
Compression Alert: You’ll see a "+" pop up just above the candle when a zone kicks in, with an alert hitting you at candle close—simple and to the point.
Last 20 Zones: Keeps the last 20 zones on your chart so you can glance back at the action.
Tweak It: Defaults are set, but hidden inputs let you play around if you’re feeling adventurous.

How to Use:

Drop it on your chart.
Set an alert for "Compression found" to catch those sweet spots.
Keep an eye on the "+" - great for planning your next move in or out.

Notes:

Works like a charm on crypto, but it’s versatile for any asset.
Hidden settings are there if you want to dig deeper.
The "+" stays put pretty well, even when you zoom—thanks to some label magic I figured out!