How to use Chart Patterns indicators

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Tradingview has recently introduced new Technical Indicators that can be used to identify chart patterns that can be used to predict future price movements and determine the entry point to a position.

These indicators can be used to find the following chart patterns: Bullish Flag, Pennant, Double Top, Triple Top, Head and Shoulders, Triangle, Rectangle, and Wedge

Wedge is one such pattern that I discussed in this video. After watching this video, you will be able to apply and use this indicator on your charts. A wedge is a price pattern on a price chart that is defined by converging trend lines. Technical analysts regard wedge-shaped trend lines as useful indicators of a potential price reversal.

The best part about these indicators is that you do not have to manually look for these patterns, the alagorithm will do that job for you. I believe this will greatly help beginners in anaysing charts as a lot of manual work is now off your shoulders. Try experimenting with these indicators and I'm very sure it will make a positive impact on the trades you take.

Do let me know of any other stocks where you've discovered similar patterns using these technical indicators.