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.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.