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Date/Time: Tue, 25 Feb 2025 12:58:28 +0000



Automatic Consolidation High and Low indicator/study?

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[2021-04-11 17:21:59]
Chadly - Posts: 65
Is there an indicator/study that would draw a line for consolidation high and lows to then be able to write an alert for?

I appreciate the Daily OHLC study that is somewhat similar, however is there a study that calculates consolidation instead of time? Sometimes consolidation can happen for 5 days or 12 days or whatever... So having a time value/measurement isn't really optimal.

The idea would be that once the bar breaks from that consolidation, then you'd have a piece of the recipe for an alert no matter how much time it took to break out.

Thanks
[2021-04-12 15:42:50]
John - SC Support - Posts: 38150
We are not sure exactly what you are looking for, but refer to the following study that will allow you to find the Highest High and Lowest Low over a number of bars:
Highest High/Lowest Low Over N Bars
For the most reliable, advanced, and zero cost futures order routing, use the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2021-04-12 15:43:56

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