This script automatically identifies key chart patterns such as wedges, flags, and triangles directly on the chart, helping traders analyze market structure more efficiently.
It includes a wide range of flexible settings. You can choose the method for detecting patterns — for example, whether the script should rely on wick extremums (tails, shadows) or focus strictly on the borders of candle bodies when forming the structure.
You can also fine-tune the accuracy level, adjusting how smooth and precise the geometric shapes must be in order to be classified as wedges or triangles.
Additionally, the script allows you to customize various characteristics of each pattern. For instance, you can define the required flagpole length for a structure to be recognized as a wedge, a flag, or a triangle.
There is also an option to control how wide the permissible candle spread can be relative to the flagpole when forming a valid pattern.
The Sensitivity parameter gives you even more control by adjusting how frequently the script detects patterns. You can make the algorithm identify shapes more often, or reduce the frequency to focus on larger, more reliable formations that span more candles.
You can freely customize your visual styles as well, making it easier to match the indicator to your personal chart theme.
All major settings in the script come with helpful tooltips, allowing users to quickly understand every option without additional guidance.
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