Chart Formation Detection

This script is designed to recognise a chart formation that is bullish. However, the script is optimised to default as using a very accurate formation.

This script works best on the 1-15 minute time frames. Anything higher is subject to macroeconomic events as apposed to high-frequency-trading algorithms which we are relying on in order for this script to work.


This seems to work very well on certain instruments as apposed to others(e.g. gold seems to work better than the US30). You will find what you like the best and develop your own uses for these indicators.