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DanteVita Broadening Formations

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This indicator marks off broadening formations. While many people think these are uncommon they are actually the core mechanic of price discovery that all trading is based on. Price discovery happens within a broadening formation until it breaks to another range, then more price discovery in the new range. These are used heavily by "The Strat" by Rob Smith. Learn it.

If it is running too slow for you, reduce number of bars or number of formations it will search for.
Notas de prensa
Updated default lookback to 200 from 400 to improve performance. Still captures relative price action but much faster.

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