Your shopping cart is empty!
Shopping Cart
0 item(s) - FreeCustomization and Conversion for: MetaTrader(MT4, MT5), Thinkorswim, NinjaTrader, MultiCharts, Tradingview, Prorealtime, SierraChart, etc.
License renew price will be 20% off for the 2nd year and after.
Featured
Bullish Flag chart pattern indicator with alert, SCAN for Thinkorswim TOS
(VIP member get 10% off, click here to become a VIP member.
This indicator will automatically detect Bullish Flag chart pattern.
It will plot two trend lines of the Bullish Flag on the chart when the pattern is formed.
.png)
.png)
.png)
.png)
.png)
.png)
.png)
This indicator will automatically detect Bullish Flag chart pattern.
It will plot two trend lines of the Bullish Flag on the chart when the pattern is formed.
-
The resistance (upper) line is formed by 2 or more descending peaks.
-
The support (lower) line is formed by 2 or more descending troughs.
-
It can be considered as the boundary of incoming Highs and Lows until a breakout occurs.
It works on all timeframes. Alerts will be triggered when price cross above the upper trend line or cross below the lower trend line. There will be a wedge drawn above/below the current bar whenever a crossover occurs.
The pattern detection is based on four swing points, two swing highs and two swing lows.
You can control the size of pattern you want to detect by changing the value of Input Strength: the number of bars on the left and right side of the swing high and low.
The upper trend line is formed by point A and B, the lower trend line is formed by point C and D. Please check the chart below.
In order to be more efficient, this indicator will only show the most recent Broadening Formation pattern on the chart.
.png)
If we set Strength to 5, it means the high at A is higher than the highs of on both of its left and right side for 5 bars, same for point B. And the price low at C is lower than 5 bars on both left and right side, same for point D.
The larger value you set for "Strength" the bigger size of the pattern you will get.
You can also change the color of the trend lines and the color to highlight the pattern.
Please make sure you use the same "strength" input on both scan and indicator, otherwise, you may not get the plot on the chart. For example, you have "strength"=10 in scan and "strength"=5 on chart indicator, when you load the scan result symbols on the chart, there maybe no pattern shows up.
There are 5 scans. If there is no scan result, please try with different input.
# scan type=1; for price cross above upper line
# scantype=2; for price cross below lower line
# scantype=3; for price is below lower line
# scantype=4; for price is above upper line
# scantype=5; for price is inside two lines.
Write a review
Your Name:Your Review: Note: HTML is not translated!
Rating: Bad Good
Enter the code in the box below:
-80x80.png)
Latest
Welcome to Patternsmart
Converting your indicator from one platform to another.Custom Alert, Autotrader, Indicators, Scan, Screener, Strategy and Signals.
Copyright @ 2023 Patternsmart - All rights reserved
This website is for educational and informational
purposes only and should not be considered a solicitation to buy or sell a
futures contract or make any other type of investment decision. It's not recommended to use any single indicator as sole evaluation criteria. The companies
and services listed on this website are not to be considered a recommendation
and it is the reader's responsibility to evaluate any product, service, or
company. patternsmart is not responsible for the accuracy or content of any
product, service or company linked to on this website.
Futures trading
contains substantial risk and is not for every investor.Please read the following risk disclosure before considering the
trading of this product:
Futures Risk Disclosure. An investor could
potentially lose all or more than the initial investment. Risk capital is money
that can be lost without jeopardizing ones financial security or life style.
Only risk capital should be used for trading and only those with sufficient risk
capital should consider trading. Past performance is not necessarily indicative
of future results.
Trading stocks, options, futures and forex involves
speculation, and the risk of loss can be substantial.Investor must consider all
relevant risk factors, including their own personal financial situation, before
trading. Trading foreign exchange on margin carries a high level of risk, as
well as its own unique risk factors. Forex investments are subject to
counter-party risk, as there is no central clearing organization for these
transactions. Please read the following risk disclosure before considering the
trading of this product:
Forex Risk Disclosure. Spreads, Straddles, and other multiple-leg option
strategies can entail substantial transaction costs, including multiple
commissions, which may impact any potential return. Options are not suitable for
all investors as the special risks inherent to options trading may expose
investors to potentially rapid and substantial losses. Prior to trading options,
you should carefully read
Characteristics and Risks of Standardized Options.
patternsmart.com
will not be held liable for the loss of money or any damage caused from relying
on the information on this site. Any investment decision you make in your account is solely your responsibility.
TESTIMONIAL DISCLOSURE: TESTIMONIALS APPEARING ON OUR SITE MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS OR CUSTOMERS AND IS NOT A GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS.