This script identifies chart patterns: Cup and Handle. At the same time, it identifies not only these classical patterns, but even a wider range of similar reverse figures . It has many useful settings: -- You can choose by which pivots you want to identify patterns - by the edges of wicks (tails, shadows), or by the edges of candle bodies. -- You can set the...
Hi, here is my take on 'Cup & Handle' Pivot Points - ph (highest points in a certain period) are stored in an array When there is a new ph , previous ph's are compared to the latest one. A temporary test line is drawn between these 2 points. The script checks if a close (between these 2 points) doesn't break above this test line. (test line is deleted...
This is a Cup and Handle Indicator. Features include: Can set alert at any point after handle starts rising before breakout Can detect multiple tops before confirming cup and handle pattern, not just double. Many settings to adjust to meet your exact requirements The functionality of this indicator is very similar to my double top indicator , and...