indicatorProtected
Smart Range Levels
Highlights the active trading range from confirmed swing highs and lows and colours bars when price breaks out of it. Code is protected; inputs, alerts and backtests all work as usual.
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Indicators and strategies written in Deepwick Script — Pine Script v5 compatible. Add any of them to your chart in one click, fork the open-source ones, backtest them and turn their conditions into alerts.
Highlights the active trading range from confirmed swing highs and lows and colours bars when price breaks out of it. Code is protected; inputs, alerts and backtests all work as usual.
When Bollinger Bands move inside the Keltner Channel, volatility is compressed — a squeeze. The histogram shows which way momentum is building; grey background marks the squeeze. A common read: wait for the squeeze to release and trade in the direction of the histogram.