Trendline Pairs (Deep Search)

Trendoscope Wizard Updated   
After getting good response on Wedge-and-Flag-Finder-Multi-zigzag, I thought I will build little bit further into the script.

Main differences
  • Uses deep search algorithm for patterns instead of just using last 5 pivots
  • Flag pattern is removed so that we can concentrate mainly on trend line pairs
  • More number of overall patterns.

Trend Patterns Included
  • Channel - Rising, Falling, Ranging
  • Wedge - Rising, Falling + Expanding, Contracting types
  • Triangle - Expanding, Contracting
  • Indeterminate - Happens in rare cases where angle calculation results in error. It may still belong to one of the above patterns.

Please note:
  • This is published as free to use but protected source code indicator. This is because the script contains deep search algorithm which isn't made public yet and is also been used in other invite only scripts.
  • Will not be adding alerts to this indicator.
Release Notes:
Fixing chart :)
Release Notes:
Fixed typo mistakes
Release Notes:
Added alert for new pattern types on demand.
Release Notes:
Updated libraries, removed max_bars_back.
Release Notes:
Fixing max bars back issue as the earlier fix did not work in lower timeframes.
Release Notes:
Fixing errors related to max bars reference.

Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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