OBO-TOBO Head & Shoulders (H&S) Pattern Hunter

OBO-TOBO Head & Shoulders (H&S) Pattern Hunter

This indicator automatically detects Head and Shoulders (Bearish) and Inverse Head and Shoulders (Bullish) patterns using a smart ZigZag algorithm. Unlike standard indicators, it does not just mark the pivots; it draws the complete geometric "M" or "W" shape, including all legs from start to finish.

Key Features:

Full Geometry: Draws the complete pattern shape with proper legs, ensuring distinct visibility.

Smart Cleaning (Garbage Collector): Automatically deletes old or invalid patterns when a new one forms. Keeps your chart clean and prevents visual clutter.

Neckline Projection: Automatically draws the neckline projection to identify potential breakout levels.

Symmetry Check: Filters out invalid structures and only detects proportional patterns.

How to Use: You can adjust the "Sensitivity" (Length) setting in the menu to detect smaller or larger patterns according to your trading style.