OPEN-SOURCE SCRIPT
Gabriel Falling & Rising Wedge Detector w/Breakout Target
Both lines slope up, with support rising steeper than resistance (converging), built from the last 2 pivot lows / pivot highs
Breakdown marker: purple "▼ BREAKDOWN" label when price closes below the support line
Target zone: orange box + price label projected downward by wedge height (or back to pattern start), with alert firing the price and target
Breakdown marker: purple "▼ BREAKDOWN" label when price closes below the support line
Target zone: orange box + price label projected downward by wedge height (or back to pattern start), with alert firing the price and target
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.