All Patterns in Single Indicator!
The "All Patterns" indicator is a comprehensive tool designed for traders to identify various technical patterns on charts, helping to signal potential market movements. This indicator is a compilation of several algorithms and scripts, including notable ones like "Cup Finder" by LonesomeTheBlue, "Wedge and Flag Finder (Multi - zigzag)" and "Auto Harmonic Patterns - Open Source" by Trendoscope.
Head and Shoulders (H&S):
Cup Formations:
Harmonic Patterns:
Color Coding:
Labels appear when a pattern completes, providing a signal for potential market entry or exit. Although these labels suggest a completed pattern, they still require confirmation from additional indicators or volume analysis to validate the potential trade.
Head and Shoulders (H&S):
- Bearish H&S: Indicates a potential reversal of an uptrend.
- Bullish H&S: Suggests a potential reversal of a downtrend.
Cup Formations:
- Bearish Cup: Typically forms during a downtrend and might indicate a continuation or reversal.
- Bullish Cup: Generally forms during an uptrend, suggesting continuation or reversal.
Harmonic Patterns:
- ABCD, Gartley, Crab, Deep Crab, Bat, Butterfly, Shark, Cypher, 3 Drives, 5-0: These patterns use Fibonacci levels to predict potential price reversals.
Color Coding:
- Green Labels: Indicate bullish patterns, suggesting potential upward movement.
- Red Labels: Denote bearish patterns, indicating potential downward movement.
Labels appear when a pattern completes, providing a signal for potential market entry or exit. Although these labels suggest a completed pattern, they still require confirmation from additional indicators or volume analysis to validate the potential trade.
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