Congestions are formations in which a series of candlesticks opens and closes within the lows and highs of the candlestick that generated the congestion.
To be considered as such, congestion must have the main candle and at least three following candles with the body contained in the range.
Congestion is considered closed when a candle closes outside the indicated range.
Congestions, even if closed, can still act as points of interest in future movements, they are zones of interest for the price that can be re-crossed or act as support or resistance.
Using them can help in reading the dynamics of the price.
This indicator helps to quickly identify congestion and projects the area of the last congestion into the future.
This is really accurate, amazing code, very impressive. Thank you for posting. I like to trade back to areas of congestion, so this is saves the heavy lifting.
Rumost
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@Kate682, Thank you for the comment, I'm happy to read that my work is appreciated. Happy trading
MaxMort
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Ottimo, grazie mille!! Potresti aggiungere la possibilità di settare qualche media mobile e di evidenziare le engulfing? :)
Rumost
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@MaxMort, non posso trasformare uno script pubblicato con uno scopo aggiungendo cose diverse (sarebbe contro le policy) e influirebbe su tutti gli utenti che lo utilizzano. Vedrò di darti un consiglio per le medie su altri canali.
MaxMort
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@Rumost, grazie mille, vedo solo adesso la risposta, però non credo di aver compreso, perché uso altri indicatori composti di diverse funzioni.