Good day Traders,
Here is an indicator that I designed that is my version of the head and shoulders pattern. If you like it add it to your chart and see if it works for you.
The white trend lines are there to indicate to you how it more or less works. The green/red line is when the patter has been formed. I struggle to make it an area. If you know how please let...
Disclaimer: Only use this pattern recognition on a RENKO chart. Renko charts plot different than traditional candles and therefore do not represent all price moves. There is a possibility of repainting while using ATR based renko charts so past results are not a 100% accurate representation of future results. Use this indicator as a part of your strategy and not...
