PINE LIBRARY
ConsolidationZonesLibrary
ConsolidationZonesLibrary
Description:
- Encapsulates the consolidation zone detection from ConsolidationZones.pine.
- Uses SMA(minZoneLength) ± ATR(atrLength) to define the zone boundaries when
all last `minZoneLength` bars stay within [sma - atr, sma + atr].
- Creates and updates box objects representing consolidation zones and removes
boxes that fall outside the last `showLast` bars window.
Usage (from an indicator/strategy):
import rithsilanew2020/ConsolidationZonesLibrary/1
array<box> czBoxes = ConsolidationZonesLibrary.render_zones(20, 200, 500, color.new(color.gray, 50))
The function will handle box creation/update/deletion automatically.
Description:
- Encapsulates the consolidation zone detection from ConsolidationZones.pine.
- Uses SMA(minZoneLength) ± ATR(atrLength) to define the zone boundaries when
all last `minZoneLength` bars stay within [sma - atr, sma + atr].
- Creates and updates box objects representing consolidation zones and removes
boxes that fall outside the last `showLast` bars window.
Usage (from an indicator/strategy):
import rithsilanew2020/ConsolidationZonesLibrary/1
array<box> czBoxes = ConsolidationZonesLibrary.render_zones(20, 200, 500, color.new(color.gray, 50))
The function will handle box creation/update/deletion automatically.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
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.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
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.