This indicator show the quasimodo patterns on the chart. Quasimodo pattern (QML) is the reversal pattern. This looks like head and shoulder pattern but this have two difference. On the quasimodo, second neck should be lower/higher (lower for the bearish, higher for the bullish) and quasimodo has no second shoulder. Usually QML line is an entry and head point is a...
Disclaimer: Only use this pattern recognition on a RENKO chart. Renko charts plot different than traditional candles and therefore do not represent all price moves. There is a possibility of repainting while using ATR based renko charts so past results are not a 100% accurate representation of future results. Use this indicator as a part of your strategy and not...