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HLongTran

Congestion Zone

HLongTran Updated   
Support and Resistance congestion
420
2
supportandresistance congestion
Congestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle
When the price returns to the congested zone there is a possibility of a reversal
The congestion zone is used as a support-resistance area and is used by price action traders.
This script will highlight congestion zones, this will help PA Traders find out them easily.
Release Notes:
Support highlight congestion zone with multiple candles
Release Notes:
add border color and increase width of box next 2 candles
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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