Consolidation Score Screener
May 2, 2024
The Consolidation Score Screener indicator monitors and ranks the ranging intensity of up to 20 different symbols simultaneously across any selected timeframe. It provides a visual dashboard that assigns a score from 0 to 10 to each asset, where a score of 10 indicates peak consolidation, helping traders identify symbols that are moving sideways before a potential breakout.
Usage
The tool is designed to simplify the process of scanning multiple markets for "coiling" price action. Users can populate the symbol inputs with their preferred assets (Forex, Crypto, Stocks) to see their relative consolidation levels on a centralized visual pane.
- Identifying Breakout Candidates: Symbols with a high score (8-10) are in tight consolidation ranges and may be nearing a volatility expansion.
- Market Regime Filter: Low scores indicate trending markets, while high scores indicate ranging markets.
- Dashboard Interpretation: Each symbol is represented by a circle containing its specific score. The central background area displays the overall range of all monitored symbols, providing a bird's-eye view of broader market volatility.
Details
The Consolidation Score is calculated by comparing the current trading range (Highest High - Lowest Low) against the Average True Range (ATR). It uses a percentile ranking over a 100-period lookback to normalize the data into a 0-10 scale. This implementation ensures that "consolidation" is relative to the historical volatility of that specific asset, making the score comparable across different instruments.
Settings
Settings Group
- TimeFrame: Specifies the timeframe used for the analysis of all symbols.
- Range Length: Determines the lookback period used to calculate the trading range and ATR.
- Alert Threshold: Sets the score level (1-10) that triggers a notification when a symbol enters deep consolidation.
Symbols Group
- Symbol 1 - 20: Individual inputs to select the ticker symbols for the screener to track.
FAQ
How do I access Consolidation Score Screener?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
Can I use this on different timeframes?
Yes, the indicator features multi-timeframe capability. You can set the analysis timeframe independently of your current chart timeframe using the "TimeFrame" input.
What does a score of 0 mean?
A score of 0 indicates that the symbol is currently experiencing high volatility or a strong trend relative to its recent history, meaning it is not in a consolidation phase.
Trading & investing are risky and many will lose money in connection with trading and investing activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools and strategies, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content, tool, or platform feature we provide.
Charts used on this site are by TradingView in which the majority of our technical indicators are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
Market data is provided by CBOE, CME Group, BarChart, Massive, CoinAPI. Select U.S. equities data is provided through Massive. CBOE BZX real-time U.S. equities data is licensed from CBOE and provided through BarChart. Real-time futures data is licensed from CME Group and provided through BarChart. Select cryptocurrency data, including major coins, is provided through CoinAPI. All data is provided “as is” and should be verified independently for trading purposes.
This does not represent our full Disclaimer. Please read our full disclaimer.
© 2026 LuxAlgo Global, LLC.