Explosive Potential

This script looks at times where MACD is within a specified range (very close to 0 values) and price action is very constrained (under 2%). Historically price has made a strong move after these conditions.

I typically run this on an 8H timeframe.

Review on BTCUSD and other cryptos.

Notas de prensa:

Increased the 'Price bar back' range (for lower timeframes).
Made price threshold input a %

Notas de prensa:

Updated script example snapshot

Notas de prensa:

Added alert condition + video tutorial for tuning:

youtu.be/XUUJw5uCXe8