█ Overview
The Pattern Forecast indicator is a technical analysis tool that scans historical price data to identify common chart patterns and then analyzes the price movements that followed these patterns. It takes this information and projects it into the future to provide traders with potential price actions that may occur if the same pattern is identified...
█ Overview
The 2B reversal pattern , also called the "spring pattern", is a popular chart pattern professional traders use to identify potential trend reversals. It occurs when the price appears to be breaking down or up and then suddenly bounces back up/down, forming a "spring" or "false breakout" pattern. This pattern indicates that the trend is losing...
█ Overview
The Ross Hook pattern is one of the most consistent and successful trading patterns that have been around for years. The Ross Hook is the first correction following the breakout of the 1-2-3 formation . This means that the Ross Hook only occurs in established trends. In other words, Ross Hook is a trend continuation setup. To fully understand the...
A simple indicator that detects if two candles lows or highs are equal. The pattern simply indicates the possibility of a reversal. However, many traders also use the Equal highs/lows within a broader context of market analysis to provide insights for trend traders, especially to detect pullbacks.
Equal Highs/Lows are a pattern that can indicate a shift in a...
This is my simple indicator to help identify whether an upside bar is unusual or not. I like to see a bar as particularly unusual like a 15% move in a long period where a typical move is under 5%. It usually signals a buying climax and the end of that short term rally.
I compares the previous bar's close to the current bar's high and is expressed as a percentage....
