sideways - contraction - consolidation phase Indicator

i m searching an indicator that shows the sideways - contraction - consolidation phase
that create a collored box in the graph and in the middle a line that is the average price of this phase

i m searching also and had found ..

Most simple Sideways Detector https://www.forexfactory.com/showthread.php?t=706981

perchaps this indicators may work .. only i need now is ..
the middle a line that is the average price of this phase
see the photo above

Hi, could you please share .set file that you have used with this indi, because it plots a lot of blocks, not just actual contraction zones.
And if you can explain the way that you estimate average price i will take a look to modify this indicator to plot average price for you.

I am also looking for such an indicator, especially with average price projecting forward. Can be very useful. Any one can help?

I also came across the TradeATS method and found it quite good. However the monthly subscription they charge for their indicators is ludicrous, US$300 per month to rent the indicator LOL, please...

By watching all their videos and listening to his explanation of what their system considers a contraction point, I was able to reverse engineer it. It is quite simple actually. He considers a contraction point when we get a higher low and a lower high, it doesn´t matter what happens first. By using a zigzag indicator configured for the smallest swing possible, it is possible to replicate their algo.

The trigger to start drawing the box is when we get a lower high and a higher low (or vice versa) on the zigzag indicator BUT this is happening "under the hood". The box should only be printed when we get a candle close outside this range created by the HL/LH. At the same time that this box is printed on the chart, a white line will start printing from the center of the box, and will print until we get a new white line from a new box. Those lines are called "expansion lines".

It is easier to understand with images, I will post some I made here:



If someone could code this indicator, that would be great. It is quite simple. It can reference metatrader´s native zigzag, the settings should be hard coded as:
Depth:2
Deviation:1
Backstep:1


An idea I had to add to add to this indicator is for it to display the expansion line from another timeframe you could choose in settings. Those would be the settings of the indicator:

Box Color (hard coded to be filled with color, not outline)
Expansion Line Color
Expansion Line Style
Display Other TF Expansion Line: Yes / No?
Other TF Line Color
Other TF Line Style
Max History: (total number of bars used in calculation)

ONLY the expansion line of the other timeframe should be displayed, NOT the box.

In essence we wanna have a higher timeframe above or below the expansion line (this will be our directional bias). Then on a lower timeframe (for entry), we wanna enter short positions when price is above value (if higher TF is below value) and enter long positions when price is below value (when higher TF is above value).

Why not just draw the lines yourself?

Obviously to save time... When we are trading, every second counts. Why would I waste my time drawing when the software can do it instantly and better than me?

If anyone is interested, here the indicator for MT5:

https://www.mql5.com/en/market/produ...+New+Rating006

I have made this indicator working perfectly noly for tradingwiew platform

hi there.can you please post the indicator here?thanks.