What Is the Head and Shoulders Pattern?
A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
The neckline rests at the support or resistance lines, depending on the pattern direction. (Investopedia)
I activated the Auto Head and Shoulder indicator of Tradingview, but it detects nothing!
The source codes of these indicators are not available! but it looks like it can only detect the finished and fully formed Head and Shoulder pattern which makes it useless..!
I think this needs more consideration because detecting a finished pattern is not useful in trading..!
Best.
A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
The neckline rests at the support or resistance lines, depending on the pattern direction. (Investopedia)
I activated the Auto Head and Shoulder indicator of Tradingview, but it detects nothing!
The source codes of these indicators are not available! but it looks like it can only detect the finished and fully formed Head and Shoulder pattern which makes it useless..!
I think this needs more consideration because detecting a finished pattern is not useful in trading..!
Best.
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。