Library "divergingchartpattern" Library having implementation of converging chart patterns getPatternNameByType(patternType) Returns pattern name based on type Parameters: patternType (int) : integer value representing pattern type Returns: string name of the pattern method find(this, sProperties, dProperties, patterns, ohlcArray) find...
🔵 Introduction The "Three Drive" pattern is one of the light "RTM" setups suitable for identifying price trend reversals. For this reason, this pattern is considered one of the "Reversal Patterns." 🟣 Bullish 3 Drive At a price bottom, a formation occurs where the negative trend appears to continue, and lower lows are made. However, the second low penetrates...
Library "chartpatterns" Library having complete chart pattern implementation method draw(this) draws pattern on the chart Namespace types: Pattern Parameters: this (Pattern) : Pattern object that needs to be drawn Returns: Current Pattern object method erase(this) erase the given pattern on the chart Namespace types:...
This script identifies chart patterns: wedges, flags, triangles on the chart It has many settings. You can choose by which extremums you want to identify patterns - by the edges of wicks (tails, shadows), or by the edges of candle bodies . You can also adjust the accuracy - how smooth and accurate the shapes must be in order for them to be considered wedges...
Before getting into the script, I would like to explain bit of history around this project. Wolfe was in the back of my mind for some time and I had several attempts so far. 🎯Initial Attempt When I first developed harmonic patterns, I got many requests from users to develop script to automatically detect Wolfe formation. I thought it would be easy and started...