Trendoscope

Wedge and Flag Finder (Multi - zigzag)

Trendoscope Wizard Mis à jour   
Here is a small attempt to automatically identify wedges and flags.

Tradingview standard wedge checks for only 4 pivots. In this version, I have considered 5 pivots instead - which can help reduce noise as 4 pivots forming wedge can be quite common. In future, will also try to add more pivots in pattern recognition to make the signal more accurate.

If wedge comes with a tail, then it is marked as flag :)
Settings are quite simple and they are as shown below

Notes de version:
Few updates

  • You can now select wedge based on 5 or 6 pivots (defined in settings)
  • Theme based colouring option added in the settings. Now users can chose either dark or light theme (Refers to chart background theme).
  • Option added in settings to hide zigzag lines and labels within wedge.
  • Angle based logic are refined as well as the settings. Angle restrictions are by default not selected as they often can be unreliable.

Snapshot of the latest settings screen look like this:
Notes de version:
  • Added alert upon new pattern formation.
  • Added labels for wedge
Notes de version:
Updated libraries. Removed max_bars_back
Notes de version:
reverted max_bars_back change as it lead to error.
Notes de version:
Added option to filter only wedge or flag using input options.
Notes de version:
Added condition to alert only after bar confirmation. This is done to avoid repaints of alerts.

Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

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