In trading, a consolidation range is like a timeout after a big move in the price of a stock or symbol.
It's when the market takes a breather, neither pushing the price up nor down too hard.
Visually, it looks like the price moving sideways on a chart , with highs and lows staying within a certain range.
so this indicator is created to help myself and you...
█ Overview
The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging...
It's relatively easy to create a repainting system where you can detect consolidation but it can be pretty hard to detect breakouts while the consolidation is happening live. This experimental approach came to my mind after brainstorming a bit.
What it does
This indicator DOES NOT REPAINT and try to show consolidation zones by coloring the bars or background...
The Liquidity Sentiment Profile is an advanced charting tool that measures by combining PRICE and VOLUME data over specified anchored periods and highlights within a sequence of profiles the distribution of the liquidity and the market sentiment at specific price levels.
The Liquidity Sentiment Profile allows traders to reveal significant price levels,...
![BTCUSDT.P: Consolidation Finder Expo [serkany88]](https://s3.tradingview.com/r/rQqEO0LL_mid.png "Consolidation Finder Expo [serkany88]")
![ETHBTC: Liquidity Sentiment Profile [LuxAlgo]](https://s3.tradingview.com/a/asr7nOb2_mid.png "Liquidity Sentiment Profile [LuxAlgo]")
