OPEN-SOURCE SCRIPT
Updated

Explosive Potential

7 979
This script looks at times where MACD is within a specified range (very close to 0 values) and price action is very constrained (under 2%). Historically price has made a strong move after these conditions.

I typically run this on an 8H timeframe.

Review on BTCUSD and other cryptos.
Release Notes
Increased the 'Price bar back' range (for lower timeframes).
Made price threshold input a %
Release Notes
Updated script example snapshot
Release Notes
Added alert condition + video tutorial for tuning:

youtu.be/XUUJw5uCXe8

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