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PROTECTED SOURCE SCRIPT

Trendline Pairs (Deep Search)

By Trendoscope
Wizard
Updated
After getting good response on Wedge-and-Flag-Finder-Multi-zigzag, I thought I will build little bit further into the script.

Main differences
  • Uses deep search algorithm for patterns instead of just using last 5 pivots
  • Flag pattern is removed so that we can concentrate mainly on trend line pairs
  • More number of overall patterns.


Trend Patterns Included
  • Channel - Rising, Falling, Ranging
  • Wedge - Rising, Falling + Expanding, Contracting types
  • Triangle - Expanding, Contracting
  • Indeterminate - Happens in rare cases where angle calculation results in error. It may still belong to one of the above patterns.


Please note:
  • This is published as free to use but protected source code indicator. This is because the script contains deep search algorithm which isn't made public yet and is also been used in other invite only scripts.
  • Will not be adding alerts to this indicator.
Release Notes
Fixing chart :)
Release Notes
Fixed typo mistakes
Release Notes
Added alert for new pattern types on demand.
Release Notes
Updated libraries, removed max_bars_back.
Release Notes
Fixing max bars back issue as the earlier fix did not work in lower timeframes.
Release Notes
Fixing errors related to max bars reference.
Chart patternsHarmonic PatternshewhomustnotbenamedTrend Analysistrendoscope

Protected script

This script is published closed-source and you may privately use it freely.

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Trendoscope
Wizard
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