CHART PATTERNS Trading Guide

The Chart Patterns is a quantitative technical analysis tool. CHART_PATTERNS: Chart Pattern Recognition Автоматическое распознавание графических паттернов: - Wedges (Rising/Falling, Expanding/Contracting)

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Show Wedges (showWedges): Controls the calculation period and sensitivity for market detection.
• Show Triangles (showTriangles): Controls the calculation period and sensitivity for market detection.
• Show Channels (showChannels): Controls the calculation period and sensitivity for market detection.
• Lookback Period (lookback): Controls the calculation period and sensitivity for market detection.
• Min Pattern Bars (minBars): Controls the calculation period and sensitivity for market detection.
• Slope Tolerance (tolerance): Controls the calculation period and sensitivity for market detection.
• Show Labels (showLabels): Controls the calculation period and sensitivity for market detection.
• Hide Data in Tooltip (hideData): Controls the calculation period and sensitivity for market detection.
• Any Rising Wedge (anyRisingWedge): Controls the calculation period and sensitivity for market detection.
• Any Falling Wedge (anyFallingWedge): Controls the calculation period and sensitivity for market detection.
• Any Triangle (anyTriangle): Controls the calculation period and sensitivity for market detection.
• Any Channel (anyChannel): Controls the calculation period and sensitivity for market detection.
• Bullish Pattern (bullishSignal): Controls the calculation period and sensitivity for market detection.
• Bearish Pattern (bearishSignal): Controls the calculation period and sensitivity for market detection.
• Rising Wedge (Expanding) (risingWedgeExpanding): Controls the calculation period and sensitivity for market detection.
• Rising Wedge (Contracting) (risingWedgeContracting): Controls the calculation period and sensitivity for market detection.
• Falling Wedge (Expanding) (fallingWedgeExpanding): Controls the calculation period and sensitivity for market detection.
• Falling Wedge (Contracting) (fallingWedgeContracting): Controls the calculation period and sensitivity for market detection.
• Rising Triangle (risingTriangle): Controls the calculation period and sensitivity for market detection.
• Falling Triangle (fallingTriangle): Controls the calculation period and sensitivity for market detection.
• Converging Triangle (convergingTriangle): Controls the calculation period and sensitivity for market detection.
• Expanding Triangle (expandingTriangle): Controls the calculation period and sensitivity for market detection.
• Uptrend Channel (uptrendChannel): Controls the calculation period and sensitivity for market detection.
• Downtrend Channel (downtrendChannel): Controls the calculation period and sensitivity for market detection.
• Ranging Channel (rangingChannel): Controls the calculation period and sensitivity for market detection.
• Pattern Breakout Up (breakoutUp): Controls the calculation period and sensitivity for market detection.
• Pattern Breakout Down (breakoutDown): Controls the calculation period and sensitivity for market detection.
• Pattern Upper Line (upperLine): Controls the calculation period and sensitivity for market detection.
• Pattern Lower Line (lowerLine): Controls the calculation period and sensitivity for market detection.
• Any Rising Wedge (anyRisingWedge): Controls the calculation period and sensitivity for market detection.
• Any Falling Wedge (anyFallingWedge): Controls the calculation period and sensitivity for market detection.
• Any Triangle (anyTriangle): Controls the calculation period and sensitivity for market detection.
• Any Channel (anyChannel): Controls the calculation period and sensitivity for market detection.
• Bullish Pattern (bullishSignal): Controls the calculation period and sensitivity for market detection.
• Bearish Pattern (bearishSignal): Controls the calculation period and sensitivity for market detection.
• Rising Wedge (Expanding) (risingWedgeExpanding): Controls the calculation period and sensitivity for market detection.
• Rising Wedge (Contracting) (risingWedgeContracting): Controls the calculation period and sensitivity for market detection.
• Falling Wedge (Expanding) (fallingWedgeExpanding): Controls the calculation period and sensitivity for market detection.
• Falling Wedge (Contracting) (fallingWedgeContracting): Controls the calculation period and sensitivity for market detection.
• Rising Triangle (risingTriangle): Controls the calculation period and sensitivity for market detection.
• Falling Triangle (fallingTriangle): Controls the calculation period and sensitivity for market detection.
• Converging Triangle (convergingTriangle): Controls the calculation period and sensitivity for market detection.
• Expanding Triangle (expandingTriangle): Controls the calculation period and sensitivity for market detection.
• Uptrend Channel (uptrendChannel): Controls the calculation period and sensitivity for market detection.
• Downtrend Channel (downtrendChannel): Controls the calculation period and sensitivity for market detection.
• Ranging Channel (rangingChannel): Controls the calculation period and sensitivity for market detection.
• Pattern Breakout Up (breakoutUp): Controls the calculation period and sensitivity for market detection.
• Pattern Breakout Down (breakoutDown): Controls the calculation period and sensitivity for market detection.
• Pattern Upper Line (upperLine): Controls the calculation period and sensitivity for market detection.
• Pattern Lower Line (lowerLine): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• anyRisingWedge - Any Rising Wedge event signal.
• anyFallingWedge - Any Falling Wedge event signal.
• anyTriangle - Any Triangle event signal.
• anyChannel - Any Channel event signal.
• bullishSignal - Bullish Pattern event signal.
• bearishSignal - Bearish Pattern event signal.
• risingWedgeExpanding - Rising Wedge (Expanding) event signal.
• risingWedgeContracting - Rising Wedge (Contracting) event signal.
• fallingWedgeExpanding - Falling Wedge (Expanding) event signal.
• fallingWedgeContracting - Falling Wedge (Contracting) event signal.
• risingTriangle - Rising Triangle event signal.
• fallingTriangle - Falling Triangle event signal.
• convergingTriangle - Converging Triangle event signal.
• expandingTriangle - Expanding Triangle event signal.
• uptrendChannel - Uptrend Channel event signal.
• downtrendChannel - Downtrend Channel event signal.
• rangingChannel - Ranging Channel event signal.
• breakoutUp - Pattern Breakout Up event signal.
• breakoutDown - Pattern Breakout Down event signal.
• anyRisingWedge - Any Rising Wedge event signal.
• anyFallingWedge - Any Falling Wedge event signal.
• anyTriangle - Any Triangle event signal.
• anyChannel - Any Channel event signal.
• bullishSignal - Bullish Pattern event signal.
• bearishSignal - Bearish Pattern event signal.
• risingWedgeExpanding - Rising Wedge (Expanding) event signal.
• risingWedgeContracting - Rising Wedge (Contracting) event signal.
• fallingWedgeExpanding - Falling Wedge (Expanding) event signal.
• fallingWedgeContracting - Falling Wedge (Contracting) event signal.
• risingTriangle - Rising Triangle event signal.
• fallingTriangle - Falling Triangle event signal.
• convergingTriangle - Converging Triangle event signal.
• expandingTriangle - Expanding Triangle event signal.
• uptrendChannel - Uptrend Channel event signal.
• downtrendChannel - Downtrend Channel event signal.
• rangingChannel - Ranging Channel event signal.
• breakoutUp - Pattern Breakout Up event signal.
• breakoutDown - Pattern Breakout Down event signal.

2. Filters and Trade Levels

• showWedges - Show Wedges value used for structural qualification or thresholds.
• showTriangles - Show Triangles value used for structural qualification or thresholds.
• showChannels - Show Channels value used for structural qualification or thresholds.
• lookback - Lookback Period value used for structural qualification or thresholds.
• minBars - Min Pattern Bars value used for structural qualification or thresholds.
• tolerance - Slope Tolerance value used for structural qualification or thresholds.
• showLabels - Show Labels value used for structural qualification or thresholds.
• hideData - Hide Data in Tooltip value used for structural qualification or thresholds.
• upperLine - Pattern Upper Line value used for structural qualification or thresholds.
• lowerLine - Pattern Lower Line value used for structural qualification or thresholds.
• upperLine - Pattern Upper Line value used for structural qualification or thresholds.
• lowerLine - Pattern Lower Line value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.