Tradingview asked, we delivered. This script fits a cubic Bezier curve using tops/bottoms in order to approximate a McDonalds pattern, a popular meme pattern in the crypto trading community.
Traditionally the McDonalds pattern is described by an M pattern with deep retracement (> 50%), forming a McDonalds logo.
Please note that this indicator is a meme & should...
This indicator has been designed to detect changes of momentum on the 5 minute Mcdonalds chart. When it detects that the market is oversold and an uptrend is about to begin, it gives an indication of "long entry." When it detects that the market is overbought and the long trade is coming to an end, it gives an alert of "long exit." Alerts can also be set with this...