Quasimodo Pattern

4小时前

What is a Quasimodo Pattern?
A Quasimodo Pattern is a chart pattern traders look for to predict possible price reversals in the market:

- Bullish Quasimodo: Signals a possible price increase (buying opportunity).
- Bearish Quasimodo: Signals a potential price decrease (selling opportunity).

How the Script Works
1. Bullish Quasimodo:
- Checks if the price pattern shows signs of a potential upward movement:
- The current low price is higher than a previous price point (suggesting fair value gap).
- The previous candle closed higher than it opened (bullish candle).
- The candle before that closed lower than it opened (bearish candle).

2. Bearish Quasimodo:
- Looks for signs of a downward movement:
- The current high price is lower than a previous price point (suggesting fair value gap).
- The previous candle closed lower than it opened (bearish candle).
- The candle before that closed higher than it opened (bullish candle).

Visual Indicators
- Yellow Candles: Indicate a bullish Quasimodo pattern.
- Pink Candles: Indicate a bearish Quasimodo pattern.

Alerts
If a Quasimodo pattern is detected, the script sends an alert:
- The alert says: "A Quasimodo Pattern has appeared!"

Purpose
Traders can use this tool to quickly spot potential trend changes without manually analyzing every chart, saving time and improving decision-making for trades.