OPEN-SOURCE SCRIPT
Brandt Classical Charting System
The Core Workflow
1. Let the Indicator Scan for You
The script is constantly looking for classical patterns forming. When you load it on a chart, check the dashboard in the top-right corner — it tells you the current "Pattern Status." If it says "Scanning..." there's no valid pattern yet. Be patient. Brandt himself often waits weeks or months for setups.
2. Focus on Rectangles First
Brandt considers rectangles with horizontal boundaries his highest-conviction patterns. When the indicator draws a colored box on your chart, that's a rectangle consolidation. The box shows you:
Top boundary = Resistance (breakout level for longs)
Bottom boundary = Support (breakdown level for shorts)
The color tells you the prior trend bias — green means price came from below (bullish bias), red means price came from above (bearish bias).
3. Wait for the Breakout Signal
Don't anticipate. When price closes above the rectangle top, you'll see a "RECT▲" label appear. That's your entry signal for a long. The opposite for shorts with "RECT▼".
How to Size Your Position (Factor Trading)
This is where Brandt's real edge lives — not in pattern recognition, but in risk control.
When a breakout occurs, the dashboard shows:
FieldWhat It MeansStop LevelWhere to place your stop loss (based on ATR or pattern boundary)TargetMinimum profit target (2:1 reward-to-risk or pattern height)Position SizeExactly how many shares to buy so you only risk 1% of your accountRisk ($)The dollar amount you'll lose if stopped out
Example: If your account is $100,000 and the indicator shows Position Size = 150 shares with Risk = $1,000, that means if the trade goes against you and hits your stop, you lose exactly 1% of capital. No more.
Practical Steps
Set your account size in the indicator settings (default is $100k)
Use weekly or daily charts — Brandt ignores intraday noise
Adjust "Minimum Pattern Duration" — The default 50 bars on a daily chart is roughly 2.5 months. Increase to 100 for the full "5-month rule"
When a breakout fires:
Enter at market or on a slight pullback
Set stop at the "Stop Level" shown
Set target at the "Target" shown
Use the exact "Position Size" shown
What Makes This Different From Typical TA
Most traders focus on prediction. Brandt focuses on defined risk. The pattern isn't telling you "price will go up" — it's giving you a structure where you know exactly:
Where you're wrong (stop level)
What you're risking (1% max)
What you'll make if right (2:1 minimum)
Even if you're only right 40% of the time, this math works in your favor over many trades.
Alerts You Can Set
Right-click the indicator and set alerts for:
Rectangle breakouts (up or down)
Head & Shoulders patterns
Triangle formations
This way you don't have to watch charts all day — TradingView notifies you when a setup triggers.
1. Let the Indicator Scan for You
The script is constantly looking for classical patterns forming. When you load it on a chart, check the dashboard in the top-right corner — it tells you the current "Pattern Status." If it says "Scanning..." there's no valid pattern yet. Be patient. Brandt himself often waits weeks or months for setups.
2. Focus on Rectangles First
Brandt considers rectangles with horizontal boundaries his highest-conviction patterns. When the indicator draws a colored box on your chart, that's a rectangle consolidation. The box shows you:
Top boundary = Resistance (breakout level for longs)
Bottom boundary = Support (breakdown level for shorts)
The color tells you the prior trend bias — green means price came from below (bullish bias), red means price came from above (bearish bias).
3. Wait for the Breakout Signal
Don't anticipate. When price closes above the rectangle top, you'll see a "RECT▲" label appear. That's your entry signal for a long. The opposite for shorts with "RECT▼".
How to Size Your Position (Factor Trading)
This is where Brandt's real edge lives — not in pattern recognition, but in risk control.
When a breakout occurs, the dashboard shows:
FieldWhat It MeansStop LevelWhere to place your stop loss (based on ATR or pattern boundary)TargetMinimum profit target (2:1 reward-to-risk or pattern height)Position SizeExactly how many shares to buy so you only risk 1% of your accountRisk ($)The dollar amount you'll lose if stopped out
Example: If your account is $100,000 and the indicator shows Position Size = 150 shares with Risk = $1,000, that means if the trade goes against you and hits your stop, you lose exactly 1% of capital. No more.
Practical Steps
Set your account size in the indicator settings (default is $100k)
Use weekly or daily charts — Brandt ignores intraday noise
Adjust "Minimum Pattern Duration" — The default 50 bars on a daily chart is roughly 2.5 months. Increase to 100 for the full "5-month rule"
When a breakout fires:
Enter at market or on a slight pullback
Set stop at the "Stop Level" shown
Set target at the "Target" shown
Use the exact "Position Size" shown
What Makes This Different From Typical TA
Most traders focus on prediction. Brandt focuses on defined risk. The pattern isn't telling you "price will go up" — it's giving you a structure where you know exactly:
Where you're wrong (stop level)
What you're risking (1% max)
What you'll make if right (2:1 minimum)
Even if you're only right 40% of the time, this math works in your favor over many trades.
Alerts You Can Set
Right-click the indicator and set alerts for:
Rectangle breakouts (up or down)
Head & Shoulders patterns
Triangle formations
This way you don't have to watch charts all day — TradingView notifies you when a setup triggers.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.