OPEN-SOURCE SCRIPT

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

616
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.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.