PATTERN RECOGNITION SIGNALS Trading Guide

The Pattern Recognition Signals is a quantitative technical analysis tool. Pattern Recognition Signals Detects Double and Triple top/bottom patterns from pivot points. Draws zigzag lines through pattern pivots, TP1/TP2/SL zone boxes,

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

• Pivot Length (pivotLength): Controls the calculation period and sensitivity for market detection.
• Min Pattern Bars (minPatternBars): Controls the calculation period and sensitivity for market detection.
• Max Pattern Bars (maxPatternBars): Controls the calculation period and sensitivity for market detection.
• Max Wave Size Ratio (maxWaveRatio): Controls the calculation period and sensitivity for market detection.
• Max Height % of ADR10 (maxHeightPct): Controls the calculation period and sensitivity for market detection.
• Min Bars Between Signals (minSigSpacing): Controls the calculation period and sensitivity for market detection.
• Show Double Patterns (showDouble): Controls the calculation period and sensitivity for market detection.
• Show Triple Patterns (showTriple): Controls the calculation period and sensitivity for market detection.
• Show Pivot Dots (showPivots): Controls the calculation period and sensitivity for market detection.
• Zone Extension (bars) (zoneExt): Controls the calculation period and sensitivity for market detection.
• TP1 % of ADR10 (tp1Pct): Controls the calculation period and sensitivity for market detection.
• TP2 % of ADR10 (tp2Pct): Controls the calculation period and sensitivity for market detection.
• SL % of ADR10 (slPct): Controls the calculation period and sensitivity for market detection.
• Zone Height % of ADR10 (zoneHPct): Controls the calculation period and sensitivity for market detection.
• ADR Override (0=auto) (adrOverride): Controls the calculation period and sensitivity for market detection.
• Bullish Color (bullColor): Controls the calculation period and sensitivity for market detection.
• Bearish Color (bearColor): Controls the calculation period and sensitivity for market detection.
• TP1 Color (tp1Color): Controls the calculation period and sensitivity for market detection.
• TP2 Color (tp2Color): Controls the calculation period and sensitivity for market detection.
• SL Color (slColor): Controls the calculation period and sensitivity for market detection.
• Buy Signal (buySignal): Controls the calculation period and sensitivity for market detection.
• Sell Signal (sellSignal): Controls the calculation period and sensitivity for market detection.
• ADR10 (adrSafe): Controls the calculation period and sensitivity for market detection.
• Bullish Pattern Signal (buySignal): Controls the calculation period and sensitivity for market detection.
• Bearish Pattern Signal (sellSignal): Controls the calculation period and sensitivity for market detection.
• ADR10 Value (adrSafe): 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

• buySignal - Bullish Pattern Signal event signal.
• sellSignal - Bearish Pattern Signal event signal.

2. Filters and Trade Levels

• pivotLength - Pivot Length value used for structural qualification or thresholds.
• minPatternBars - Min Pattern Bars value used for structural qualification or thresholds.
• maxPatternBars - Max Pattern Bars value used for structural qualification or thresholds.
• maxWaveRatio - Max Wave Size Ratio value used for structural qualification or thresholds.
• maxHeightPct - Max Height % of ADR10 value used for structural qualification or thresholds.
• minSigSpacing - Min Bars Between Signals value used for structural qualification or thresholds.
• showDouble - Show Double Patterns value used for structural qualification or thresholds.
• showTriple - Show Triple Patterns value used for structural qualification or thresholds.
• showPivots - Show Pivot Dots value used for structural qualification or thresholds.
• zoneExt - Zone Extension (bars) value used for structural qualification or thresholds.
• tp1Pct - TP1 % of ADR10 value used for structural qualification or thresholds.
• tp2Pct - TP2 % of ADR10 value used for structural qualification or thresholds.
• slPct - SL % of ADR10 value used for structural qualification or thresholds.
• zoneHPct - Zone Height % of ADR10 value used for structural qualification or thresholds.
• adrOverride - ADR Override (0=auto) value used for structural qualification or thresholds.
• buySignal - Buy Signal value used for structural qualification or thresholds.
• sellSignal - Sell Signal value used for structural qualification or thresholds.
• adrSafe - ADR10 value used for structural qualification or thresholds.
• adrSafe - ADR10 Value value used for structural qualification or thresholds.

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