The congestion index is an indicator that can be use for identifying breakout of consolidation periods.
The congestion index is calculated by taking the difference between the highest close price and the lowest close price for a specific period and then dividing the result by the lowest close price for the same period. Finally, the index value is multiplied by 100.
It is a simple formula :
index = ((Highest[n](close)-Lowest[n](close))/Lowest[n](close))*100
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