Premium Auto Range Detector
Premium Auto Range Detector
Overview
The Auto Range Detector is a Pine Script v6 indicator for TradingView, designed to identify price consolidation ranges and detect breakouts and fakeouts. It overlays dynamic and verified range boxes, highlighting zones based on inside candles, and includes real-time fakeout markers and hypothetical range marks. Custom fakeout verification reduces false signals by validating reentries in real-time. With customizable settings, this indicator is commonly used for studying range-based breakouts and reversals in any market.
Legal Disclaimer for TradingScript Solutions
The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Range Detection: Identifies consolidation zones based on a minimum number of inside candles.
- Fakeout Detection: Spots and confirms false breakouts within a user-defined window.
- Projected Range Boxes: Projects future high/low ranges with dynamic updates.
- Color-Coded Visualization: Displays initial, bullish, bearish, and predictive boxes with customizable colors
- Breakout/Fakeout Markers: Marks true breakouts and confirmed fakeouts with labeled arrows.
