Head and Shoulders

Chart Pattern Structure Chart Pattern Structure detects classic chart patterns by analyzing confirmed swing highs and swing lows rather than relying on simple visual pattern matching. The indicator identifies Double Top, Double Bottom, Head & Shoulders, and Inverse Head & Shoulders structures based on swing sequence, price similarity, and pattern width. Detected patterns are displayed directly on the chart with their underlying swing structure and neckline. The goal is to provide a clearer structural view of how a ch

Indicator

Structured Head and Shoulder Pattern (MastersinMarkets)Overview This proprietary indicator automates the detection of classic Head and Shoulders (H&S) and Inverse Head and Shoulders patterns using a rigorous structural approach. Designed for traders who prioritize geometric symmetry and statistical quality, it filters out "noisy" or low-probability formations that often lead to false breakouts. Core Logic The script utilizes a multi-stage validation engine to confirm pattern integrity: Pivot Analysis: Identifies high-fidelity swing points usi

Indicator

by MastersinMarkets

Recursive Reversal Chart Patterns [Trendoscope]Caution: This algorithm is very heavy and bound to cause timeouts. If that happens, there are few settings you can change to reduce the load. (Will explain them in the description below) 🎲 Recursive Reversal Chart Patterns Indicator Welcome to another exploration of Zigzag and Pattern ecosystem components. Previously we derived Pitchfork and Recursive Zigzag indicators. This indicator is designed to scan and highlight few popular "Reversal Chart Patterns". Similar to other indicators in th

Indicator