The Ross Hook pattern is one of the most consistent and successful trading patterns that have been around for years. The Ross Hook is the first correction following the breakout of the 1-2-3 formation. This means that the Ross Hook only occurs in established trends. In other words, Ross Hook is a trend continuation setup. To fully understand the Ross Hook formation, you must understand the 1-2-3 pattern.
Ross Hook Pattern (Expo) is an indicator designed to detect the Ross Hook formation automatically and in real-time in any market and timeframe. With the inbuilt alert feature, the Ross Hook Pattern (Expo) Indicator analyzes the market for you and notifies you when the Ross Hook formations have been found.
█ How to use Use this indicator to identify the Ross Hook pattern and to find good trend continuation setups. The formation can be used to determine when a trend is confirmed and established.
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I am confused here as well so when do we ENTR a trade with this indicator?
SwingMann
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@ezprofitbuddypro, How to use Use this indicator to identify the Ross Hook pattern and to find good trend continuation setups. The formation can be used to determine when a trend is confirmed and established.
Nagast
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thx man you really are a f***ing pro! God bless you.
Kath-5MIN
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Hii , thanks for share and still saving lives with your tools ! Exelent work!
OutsourcE
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@Zeiierman hi, FYI, the script sometimes starts counting and connects the point #1 with HL/ LH pp, which is incorrect.
Make it connected to the LL/HH instead.
Cheers!
Junmadayag
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great indicator for price action!
Chakku
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Thanks mate, appreciate your work!
A_Traders_Edge
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Perhaps it is just me but I am extremely confused. You state the RH formation is the 1st correction following the BO from the 123 formation. The words "Ross Hook" extends to over probably 30 diff bars leading me to not understand where the signal is thus I am left to assume it's the center point of the 2 words. But then that cannot be be then that sometimes points to bars that havent even broken out from the 123 formation yet. Also, what is the first and second hook and why would "Ross Hook" be between the first and the second hook as none of this is in the description. Very much lost. Is it simply that the Ross Hook is the retest of the BO line after the BO has occurred? If so, is it the bounce off of that line or...?? Thanks for your time
OutsourcE
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@chasinalts, not the bounce, but rh is basically the second bo: 1-2-3-bo -> 4-5-bo There you go!
izabella_karolina
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hy! I have set alarms to receive when a rosshook is formed but till now I have only received the alarms after the 2nd diamond formation. How can I set the alarm to receive when the first hook appears at the C point? thank you!