TradingView
TradingView
Mar 19, 2023 11:54 AM

Automatically identify chart patterns using built-in indicators Education

SPDR S&P Semiconductor ETFArca

Description

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Hey everyone! đź‘‹

⚠️ Before we get started, please know the information about expected price targets provided by Auto Chart Patterns isn't a recommendation for what you should personally do. Do not take this data as investment advice. It should only be used for education and research. As with any trade, always look first and then leap. Read more in the Terms of Use.

That being said, let's get into it.

This chart showcases a few of the Automatic Chart Patterns indicators recently announced in this blog post. If you are a technical trader who relies on chart patterns to make trading decisions and hold a Premium TradingView plan, check them out. They automatically identify these popular technical setups:


​Bearish and ​Bullish Flags
Double Bottom
Double Top
Elliot Wave
Head and Shoulders
Inverse Head and Shoulders
​Bearish and ​Bullish Pennants
Rectangles
Triangles
Triple Bottom
Triple Top
Falling and Rising Wedges

You can add the indicators to your chart from the "Indicators, Metrics & Strategies" search window by selecting "Patterns" from the "Technicals" tab in the left pane and choosing an indicator from the list:



Once you have selected a chart pattern, the indicator will automatically draw it on the chart for you when it detects the pattern.

The chart pattern indicators are easy to use and customize. You can ​alter the pattern detection criteria and visible attributes like color, line thickness, and style of the lines.

We hope you enjoy these new indicators.

— Team TradingView ❤️
Comments
FieryTrading
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Looks great! I'm sure it will help a lot of investors.
HS_TA_
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ProjectSyndicate
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powerful set of indicators
jaybandao
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interesting
Yuriy_Bishko
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Dear TRadingView thank you for such powerful post
ChristopherAnderson618
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Too bad they all count as a separate indicator
Vestinda
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@ChristopherAnderson618, anyway it is quite cool to try
cdan41001
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@ChristopherAnderson618, Especially when they could easily just make them one, like "Classic Patterns." or "All Candle Patterns" or "Auto Harmonics"
NotchNet
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@ChristopherAnderson618, Yeah it would be nice to have an all-in-one just like the candlestick pattern indicator but I understand the incentive to attract users to paid plans.
Nocturne83
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@ChristopherAnderson618, yes, exactly. It should be programmed to identify any pattern on any chart.
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