INVITE-ONLY SCRIPT
CandleMap — MTF Range Consolidation Tool
CandleMap — MTF Range Consolidation Tool
This indicator highlights multi-timeframe consolidation ranges directly on the chart.
It allows traders to detect when price remains within the high/low boundaries of
recent higher timeframe candles, helping to visualize areas of reduced volatility
and potential breakout zones.
How it works:
- Up to 4 higher timeframes can be tracked simultaneously.
- For each selected timeframe, the script aggregates candles and checks whether
the current price action remains inside the previous range.
- When consolidation is detected, a colored box and label are drawn to outline
the range boundaries.
- An optional dashed midline (average of high and low) can also be displayed.
How to use:
- Apply on intraday charts (1m, 5m, 15m) while enabling higher timeframes such
as H1, H4, or Daily.
- Use consolidation ranges to spot compression areas that may lead to breakouts.
- Each timeframe is color-coded for clarity when multiple ranges overlap.
- Combine with your own confirmation tools or market context analysis.
Notes:
- This is an invite-only script. Access must be requested from the author.
This indicator highlights multi-timeframe consolidation ranges directly on the chart.
It allows traders to detect when price remains within the high/low boundaries of
recent higher timeframe candles, helping to visualize areas of reduced volatility
and potential breakout zones.
How it works:
- Up to 4 higher timeframes can be tracked simultaneously.
- For each selected timeframe, the script aggregates candles and checks whether
the current price action remains inside the previous range.
- When consolidation is detected, a colored box and label are drawn to outline
the range boundaries.
- An optional dashed midline (average of high and low) can also be displayed.
How to use:
- Apply on intraday charts (1m, 5m, 15m) while enabling higher timeframes such
as H1, H4, or Daily.
- Use consolidation ranges to spot compression areas that may lead to breakouts.
- Each timeframe is color-coded for clarity when multiple ranges overlap.
- Combine with your own confirmation tools or market context analysis.
Notes:
- This is an invite-only script. Access must be requested from the author.
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡iamalessndr。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
To request access, please visit: https://iamalessndr.gumroad.com/
After purchase, provide your TradingView username so that access can be granted.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡iamalessndr。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
To request access, please visit: https://iamalessndr.gumroad.com/
After purchase, provide your TradingView username so that access can be granted.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。