Explosive Potential

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.
Versionshinweise: Increased the 'Price bar back' range (for lower timeframes).
Made price threshold input a %
Versionshinweise: Updated script example snapshot
Versionshinweise: Added alert condition + video tutorial for tuning:
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


this is a great idea! I was looking for similar indications on my charts. Right now script is not working for lower time-frames. Could you please make the script keeping 5 min - 15 min time frame in mind?
Thanks in advance
sydneyshan msir2762
@msir2762, Check out the video on how to 'tune' the indicator for the asset / timeframe you're intending on trading here:
At some point in time I may refine this to automatically detect what the asset's low volatility range is using ATR or some such.
msir2762 sydneyshan
@sydneyshan, yes sir. It would be great if you can automate it. Currently, for each stock I need to manually tune the parameters which is difficult to do. But Thanks for the reply
HI thanks a lot , I loaded the script but dont see anything different can I use this to check past explosive value s?
sydneyshan mycotoxin
@mycotoxin, yes - try the 8H timeframe on ETHBTC on Bitfinex of BTCUSD 8H through 2014-2017
mycotoxin sydneyshan
@sydneyshan, Cheers testing now
mycotoxin mycotoxin
@mycotoxin, Cheers works well with ETH