thanks Ben, did anyone ever fgured out how to scan for consolidation on lower than daily time frame?
Is it possible to create a script to identify consolidation intraday and alerting when the breakout happens? Would like to see a box created where consolidation is happening, so I don't touch it. Once a breakout/volume pop is confirmed, send an alert and signal on the chart. Would love to hear from you all...
I like this indicator better than the Expansion Contraction indicator. Based on your experience, What would be the appropriate input values to use it on daily and weekly chart? Thank you.If you want to look for consolidations that far back, you might consider something like the Expansion Contraction Indicator from Mobius.
Here is the thread that discusses this further
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