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.
ノート
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
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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
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。