PROTECTED SOURCE SCRIPT
Compression Zones by @crypto.erke
Compression Zones - a handy tool I whipped up to spot those quiet moments in the market where volatility drops low. These compression zones often hint at big breakouts or trend shifts.
Key Features:
Volatility Check: I built it with Standard Deviation or ATR, using a 14-period lookback and 50-period SMA to track those calm patches.
Compression Alert: You’ll see a "+" pop up just above the candle when a zone kicks in, with an alert hitting you at candle close—simple and to the point.
Last 20 Zones: Keeps the last 20 zones on your chart so you can glance back at the action.
Tweak It: Defaults are set, but hidden inputs let you play around if you’re feeling adventurous.
How to Use:
Drop it on your chart.
Set an alert for "Compression found" to catch those sweet spots.
Keep an eye on the "+" - great for planning your next move in or out.
Notes:
Works like a charm on crypto, but it’s versatile for any asset.
Hidden settings are there if you want to dig deeper.
The "+" stays put pretty well, even when you zoom—thanks to some label magic I figured out!
Key Features:
Volatility Check: I built it with Standard Deviation or ATR, using a 14-period lookback and 50-period SMA to track those calm patches.
Compression Alert: You’ll see a "+" pop up just above the candle when a zone kicks in, with an alert hitting you at candle close—simple and to the point.
Last 20 Zones: Keeps the last 20 zones on your chart so you can glance back at the action.
Tweak It: Defaults are set, but hidden inputs let you play around if you’re feeling adventurous.
How to Use:
Drop it on your chart.
Set an alert for "Compression found" to catch those sweet spots.
Keep an eye on the "+" - great for planning your next move in or out.
Notes:
Works like a charm on crypto, but it’s versatile for any asset.
Hidden settings are there if you want to dig deeper.
The "+" stays put pretty well, even when you zoom—thanks to some label magic I figured out!
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.