QFT MTF Range Detector

QFT MTF Range Detector — QuantumFlowTrader

Description:
The QFT MTF Range Detector is a multi-timeframe (MTF) tool designed to identify consolidation zones or ranging conditions across multiple intraday timeframes — from 1 minute up to 4 hours. This indicator is optimized for high-frequency trading environments such as scalping and day trading.

How it works:
For each selected timeframe, the indicator evaluates five key technical conditions:

- Low ADX (less than 17) – suggesting weak trend strength.
- Range width within a specific normalized threshold.
- Normalized ATR (volatility filter) in a defined range.
- RSI near the neutral zone (40–60) with low volatility.
- Price proximity to the mid-range (consolidation center).

Each condition contributes a score. If at least 3 out of 5 conditions are met, that timeframe is considered to be in a range (consolidation).

Visual output:
A compact table is displayed on the chart showing all selected timeframes:
Black box = Timeframe is in a range (consolidation).
Purple box = Not in a range (likely trending or volatile).
Timeframes are labeled (e.g., "4H", "15M") for clarity.

Customization:
Choose display corner (top/bottom, left/right).
Enable or disable table borders.
Set custom colors for range and non-range signals.

Use case:
Traders can quickly assess which timeframes are in a range, helping them:

Avoid choppy markets,
Time entries and exits better,
Confirm multi-timeframe alignment.

Note: This is not a buy/sell signal indicator. It is a market condition filter to enhance decision-making.