Perhaps that the best indicator of consolidation boxes, with the possibility of flexible adjustment to the requirements of the dealer! it is also possible to embed the indicator in the Expert Advisor! thanks to the developer Aleksey Mavrin for implementing the supposed TOR.
based on the traditional technical analysis, the price spends nearly 70% of the market time in motion without a clear management, and techniques for making a profit from a flat should be in the arsenal of any trader. Price consolidation is a span of market equilibrium when demand and supply are roughly equivalent, resulting in a relatively narrow horizontal range of price movements. This indicator will allow you to better find consolidations on the price chart in manual mode, and also allow you to develop automatic and semi-automatic strategies based on consolidation boxes.
Details:
It is recommended not to switch the timeframe when installing the indicator on the chart, because there is no automatic data loading. When switching timeframes, the consolidation boxes may be rearranged.
For implementation in the Expert Advisor, there are 3 buffers from which you can take data for further processing and analysis: the height of the box, the lower border of the box, the upper border of the box.
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The indicator is perfectly combined with the ROMAN KIVERIN indicator (indicator), as a result, the automatic construction of consolidations and the volume profile in them is obtained!
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