Congestion Zone

Congestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle
When the price returns to the congested zone there is a possibility of a reversal
The congestion zone is used as a support-resistance area and is used by price action traders.
This script will highlight congestion zones, this will help PA Traders find out them easily.

Catatan Rilis

Support highlight congestion zone with multiple candles

Catatan Rilis

add border color and increase width of box next 2 candles

Catatan Rilis

- Convert source code to version 5
- Send alert once have a new congestion zone

Catatan Rilis

Fix bug and change alert message

Catatan Rilis

update logic of congestion zone

Skrip open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

HLongTran

Pernyataan Penyangkalan

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Skrip open-source

HLongTran