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.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact iamalessndr directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact iamalessndr directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.