This is my take in Head & Shoulders (regular H&S)
The script will wait until a valid point E is found, which means A, C and E are alined
Then it will find the highest point between C - E -> Head (= D),
together with the highest point between A - C -> Left Shoulder (= B)
After this, the pattern is drawn, together with a 'trigger' area (E-G - E'-G' ~ 'Right shoulder area')
ONLY in this field, when a close is higher than E'-G', the figure will turn green, if lower than E-G, it will turn red, else, it will be blue
Settings:
This script uses one of the latest fantastic Pinescript features:
linefill and for ... in loop
Cheers!
The script will wait until a valid point E is found, which means A, C and E are alined
Then it will find the highest point between C - E -> Head (= D),
together with the highest point between A - C -> Left Shoulder (= B)
After this, the pattern is drawn, together with a 'trigger' area (E-G - E'-G' ~ 'Right shoulder area')
ONLY in this field, when a close is higher than E'-G', the figure will turn green, if lower than E-G, it will turn red, else, it will be blue
Settings:
- Date range filtering
Here you can filter the patterns by setting the date period (for E)
- Pivot Points -> Leftbars - Rightbars
- min/max retrace AD -> E
Set the retracement for E (retracement A -> D -> E, here between 1.4 & 1.5)
- % tolerance
Tolerance of Right shoulder height against Left shoulder height
0% (= the same relative height):
85% (-> now close isn't higher than E'-G' -> blue coloured):
- min/max %
Sets the desired B height against D (here B is between 35-45% of D):
- width R shoulder = L shoulder + x%
Sets the width of Right shoulder against Left shoulder
0% (nothing extra, just the same width as Left shoulder)
100% (Right shoulder area is double as large as the Left shoulder):
-70% (Right shoulder area much narrower than Left shoulder):
- maximum visible patterns:
Set the maximum visible amount of patterns
This script uses one of the latest fantastic Pinescript features:
linefill and for ... in loop
Cheers!
Notas de prensa:
Code improvement
Notas de prensa:
update
Notas de prensa:
update
LuxAlgo Dev: www.luxalgo.com
PineCoder: www.pinecoders.com
- We cannot control our emotions,
but we can control our keyboard -
PineCoder: www.pinecoders.com
- We cannot control our emotions,
but we can control our keyboard -