OPEN-SOURCE SCRIPT
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.
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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.