OPEN-SOURCE SCRIPT

Master Pattern [LuxAlgo]

The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart.

Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots.

🔶 USAGE

快照

The Master Pattern indicator detects contraction phases in the markets (characterized by a lower high and higher low). The resulting average from the latest swing high/low is used as expansion line. Price breaking the contraction range upwards highlights a bullish master pattern, while a break downward highlights a bearish master pattern.

快照

During the expansion phase price can tend to be stationary around the expansion level. This phase is then often followed by the price significantly deviating from the expansion line, highlighting a markup phase.

快照

Expansion lines can also be used as support/resistance levels.

🔹 Major/Minor Patterns

The script can classify patterns as major or minor patterns.

快照

Major patterns occur when price breaks both the upper and lower extremity of a contraction range, with their contraction area highlighted with a border, while minor patterns have only a single extremity broken.

🔶 SETTINGS

  • Contraction Detection Lookback: Lookback used to detect the swing points used to detect the contraction range.
  • Liquidity Levels: Lookback for the swing points detection used as liquidity levels. Higher values return longer term liquidity levels.
  • Show Major Pattern: Display major patterns.
  • Show Minor Pattern: Display minor patterns.
Chart patternslevelsliquidityluxalgomasterpatternpatternPivot points and levelssmartmoneysupportandresitanceTrend Analysiswyckoff

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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