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[ A L P H A X ] BREAKRUNE - Pattern Breakout RSI Engine AlphaX BREAKRUNE — Pattern Breakout Intelligence + RSI Trigger Engine: Real vs Fake Breakout Classification, Five-Pattern Detection, Fakeout Reversal Signals & Pending State Machine AlphaX BREAKRUNE is a professional-grade breakout intelligence system built around a single foundational problem that defeats most breakout traders: the inability to distinguish a genuine structural breakout from a fakeout in real time. Most breakout indicators fire on any close beyond a pattern boundary — and then leave the trader holding a loss when price immediately reverses back inside the structure. BREAKRUNE solves this at the architectural level by separating breakout detection into three sequential phases — pattern recognition, breakout classification, and RSI trigger confirmation — and requiring all three to align before a signal fires. Every raw break is first classified as PENDING, then evaluated over a configurable decision window for either TRUE BREAK or FAKEOUT status using candle body and wick geometry, and only confirmed true breaks with RSI momentum alignment produce long or short entry signals. Fakeouts become their own opportunity: when a breakout is classified as fake, BREAKRUNE reverses the bias and watches for an RSI-confirmed trap reversal signal in the opposite direction. The result is a system that profits not just from real breakouts but also from the very fakeouts that trap the crowd — with the RSI trigger layer ensuring every entry has genuine momentum behind it. Designed for traders across crypto, forex, gold, and indices on any timeframe. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔮 The Core Philosophy — Three Phases Before a Signal The fundamental failure of conventional breakout systems is compression of the detection and confirmation steps into a single bar event. Price closes above resistance — signal fires. This approach has no mechanism for distinguishing momentum breakouts from stop-hunt spikes, thin-market wicks, or false structural breaks that reverse immediately. BREAKRUNE separates these into three distinct sequential phases that every potential signal must pass through: Phase 1 — Pattern Recognition: The system continuously scans the pivot structure to identify one of five major pattern types — Range, Double Top/Bottom, Triangle, Wedge, or Trend Channel. The detected pattern provides the structural context for the breakout evaluation: where the resistance and support levels are, what the directional bias of the formation is, and whether the pattern height meets the minimum size requirement for a qualified break. Phase 2 — Breakout Classification: When a raw break of the pattern boundary occurs, the system enters PENDING state. Over the next configurable bars (the fakeout decision window), it watches for one of two outcomes. If candles close back inside the structure with a significant rejection wick, the break is reclassified as FAKEOUT. If the required number of candles all close beyond the boundary without a wick rejection, the break is classified as TRUE BREAK. No premature signal fires during this window — the system waits for the evidence. Phase 3 — RSI Trigger Confirmation: Only after a TRUE BREAK or FAKEOUT classification does the RSI trigger layer evaluate. For true breaks, the Fast RSI must be above the configured long trigger (default: 55) with Core RSI above 50 and both RSI slopes positive. For fakeout reversals, the Fast RSI must cross the midline in the reversal direction with positive directional slope. Both must pass the quality score gate. Only then does a signal fire. This three-phase architecture is what makes BREAKRUNE categorically different from breakout indicators that react to a single bar event. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📐 Five-Pattern Detection Engine BREAKRUNE continuously classifies the current market structure into one of five pattern types using the most recent confirmed pivot highs and lows. Every pattern provides resistance (res) and support (sup) levels used as the breakout boundaries. Pattern detection uses: Confirmed fractal pivot highs and lows (configurable pivot length, default: 5 bars each side), ATR-normalized tolerance values for determining flat vs sloped levels, and a minimum pattern height filter to eliminate micro-structures. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Range: Both the most recent pivot high and pivot low are within the flat level tolerance (default: 0.35× ATR) of their respective prior pivots — price has been oscillating between approximately horizontal support and resistance. The pattern bias is neutral (patBias = 0) — a range can break either direction. The resistance is the average of the two pivot highs; support is the average of the two pivot lows. Double Top / Double Bottom: Two pivot highs at approximately the same level (within flat tolerance) with the current price below both peaks — Double Top, bearish bias. Or two pivot lows at the same level with current price above — Double Bottom, bullish bias. The pattern height is the distance from the support/resistance level to the opposing pivot extreme. The directional bias (patBias) is set accordingly — bearish for Double Top, bullish for Double Bottom. Triangle (Converging): The pivot highs are trending lower (by more than the trend shift tolerance, default: 0.20× ATR, between consecutive highs) while the pivot lows are trending higher — a symmetrical converging triangle. No directional bias is set (patBias = 0) since triangles resolve in either direction. The resistance is the most recent pivot high; support is the most recent pivot low. Wedge: Both pivot highs and pivot lows are trending in the same direction. Rising Wedge: both highs and lows trending upward — despite the upward direction the narrowing structure is bearish (patBias = -1). Falling Wedge: both trending downward — bullish (patBias = 1). The wedge pattern is identified when the pivot-to-pivot shift exceeds the trend tolerance on both sides in the same direction. Trend Channel: Pivot highs are trending in one direction and pivot lows are trending in the same direction, but the high trend direction opposes the expected wedge classification — a parallel channel. The channel bias follows the direction of the trend (upward-sloping channel = bullish patBias, downward = bearish). Pattern freshness filter: All pivot-based pattern detections are subject to a maximum age constraint (default: 80 bars from the most recent contributing pivot). Patterns older than this threshold are excluded from pattern detection — the oldest pivot must be within the freshness window for the pattern to be considered current and relevant. Pattern size validation: The pattern height (distance from support to resistance) must meet or exceed the minimum pattern height in ATR multiples (default: 1.1× ATR). This sizeOk condition contributes 2 points to the quality score — the largest single weight component — and reflects that properly sized patterns have more institutional significance than micro-structures. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚡ The Breakout Classifier — PENDING → TRUE BREAK or FAKEOUT When price closes beyond a pattern boundary by more than the break threshold (default: 0.12× ATR), a raw break event is registered and the breakout classifier enters PENDING state. From this moment, every bar within the fakeout decision window (default: 5 bars) is evaluated. Raw break detection: Long raw break: Close above the resistance level plus break threshold, with the pattern allowing long breaks (not a bearish pattern — Double Top and Rising Wedge suppress long breaks) Short raw break: Close below the support level minus break threshold, with the pattern allowing short breaks PENDING state variables stored at the break bar: The direction (pendingDir), the exact level broken (pendingLvl), the bar index of the break (pendingBar), and the pattern name (pendingPat) are all stored in persistent variables. The PENDING state is displayed on the dashboard CLASS row as PENDING — visible awareness that a break has occurred and is being evaluated. FAKEOUT classification: Within the fakeout window (pendingAge ≤ fakeWindow), if price closes back inside the pattern: For a long break fakeout: close falls back below the broken resistance level AND the upper wick of the current bar exceeds the configurable minimum wick rejection ratio (default: 45% of bar range) — the bar closed back inside with a dominant upper wick, confirming selling rejection of the attempted breakout For a short break fakeout: close rises back above the broken support AND the lower wick exceeds the minimum ratio When these conditions are met, pendingFake is set to true and the CLASS row displays FAKEOUT — the orange classification that activates the trap reversal signal pathway. TRUE BREAK classification: When the configurable number of consecutive candles (default: 2 bars) all close beyond the broken level — `ta.lowest(close, confirmBars) > pendingLvl` for longs, `ta.highest(close, confirmBars) < pendingLvl` for shorts — without any fakeout having been detected, pendingTrue is set to true and CLASS displays TRUE BREAK. The confirmed candles all remaining beyond the level eliminates the single-bar false breakout. Window expiry: If neither FAKEOUT nor TRUE BREAK is classified within the fakeout window, the pending state expires silently — pendingDir resets to zero, the level clears, and the system resumes scanning. This prevents stale pending states from generating signals long after the relevant price action has passed. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📊 The RSI Trigger Layer — Momentum Gating on Classified Breaks The RSI trigger layer is the final gate before a signal fires. It ensures every entry — whether on a true break or a fakeout reversal — has genuine momentum direction behind it at the moment of entry. Dual RSI architecture: Fast RSI (default: 7 periods) — the timing layer. Reacts quickly to price movement and provides the momentum trigger reading Core RSI (default: 14 periods) — the confirmation layer. The intermediate momentum context that must agree with the fast RSI direction RSI slope measurement: Both RSI slopes are computed over the configurable slope bars (default: 3 bars) — the current RSI value minus the value N bars ago. A positive slope means RSI is accelerating; a negative slope means decelerating. True Break Long RSI conditions (rsiLongOk): Fast RSI above the long trigger threshold (default: 55) — momentum has already crossed into bullish territory Core RSI above 50 — the intermediate RSI confirms the bullish bias Fast RSI slope positive — momentum is still accelerating upward Core RSI slope non-negative — intermediate momentum is not rolling over True Break Short RSI conditions (rsiShortOk): Fast RSI below the short trigger threshold (default: 45) Core RSI below 50 Fast RSI slope negative Core RSI slope non-positive Fakeout Reversal RSI conditions: Trap Long (rsiTrapLong): Fast RSI crosses above 50 (ta.crossover) with a positive slope — the RSI midline crossover after the fakeout confirms the reversal is gaining momentum Trap Short (rsiTrapShort): Fast RSI crosses below 50 with a negative slope Why the RSI trigger is a layer, not a gate: The RSI conditions are required for the signal to fire but are also the primary quality score component (2 points when fully met). This dual role means the RSI is simultaneously a hard entry requirement and a quality contributor — signals that barely pass the RSI threshold score lower than signals where momentum is strongly confirmed. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔀 The Fakeout Reversal — Trapping the Trap The fakeout reversal is BREAKRUNE's most distinctive and high-reward signal type. When a long breakout is classified as FAKEOUT (price returned below resistance with a rejection wick), the crowd that bought the breakout is now trapped — holding longs above what has become confirmed resistance again. The RSI trap reversal watches for the Fast RSI to cross below 50 with negative slope: the momentum of the trapped buyers failing. When this occurs within the cooldown window, a short signal fires — entering precisely as the trapped longs begin capitulating. Why fakeout reversals often produce the strongest moves: A failed breakout above resistance concentrates stop losses of all the breakout buyers just above the resistance level. As those stops are triggered on the reversal, they add selling pressure to the downside move — creating a self-reinforcing cascade. The fakeout reversal entry captures this cascade from near the top. Enabling/disabling: The Enable Fakeout Reversal Signals setting (default: on) controls whether trap reversal signals are active. Disabling it restricts BREAKRUNE to true break signals only — appropriate for traders who prefer pure momentum continuation entries. Visual differentiation: True break signals are rendered in the standard bull/bear score-based colors (yellow-green for longs, red for shorts). Fakeout reversal signals fire through the same triangle shapes but with the quality score reflecting the trap penalty — trap signals score 1 point on the setup component vs 2 for true breaks, naturally producing slightly lower overall scores that are reflected in the triangle's brightness. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🏅 The 10-Point Quality Score Every signal — true break or fakeout reversal — is scored through a 10-point composite system before it can fire. Signals below the minimum threshold (default: 5) are suppressed regardless of classification. Score components: Pattern Size (up to 2 points): sizeOk (pattern height ≥ minimum ATR threshold) scores 2 points. A zero-score here (pattern too small) alone can suppress a signal by 2 points — the largest single deduction possible. Well-sized patterns carry proportionally more institutional significance and this component enforces that. RSI Trigger Alignment (up to 2 points): rsiLongOk (for long signals) or rsiShortOk (for short signals) scores 2 points. This is the second largest component — reflecting that genuine momentum confirmation at the moment of entry is as important as pattern quality. Signals where RSI barely meets the threshold (Fast RSI just above 55 with flat slope) score these 2 points; signals where RSI is not aligned at all score 0. Signal Type (1–2 points): True break signals score 2 points; fakeout reversal (trap) signals score 1 point. This weighting reflects the inherently lower confirmation of a reversal trade versus a confirmed structural continuation — the trap trade is valid but carries more uncertainty. Volume Confirmation (1 point): Current bar volume meets or exceeds the volume average × multiplier (default: 1.1×). When volume confirmation is disabled in settings, this point is always awarded. Non-Chop Market (1 point): Choppiness Index is below the configured threshold (default: 62.0). Also enforced as a hard gate — extreme chop blocks all signals regardless of score. HTF Bias (up to 2 points): When useHtf is on and the higher timeframe EMA structure agrees with the signal direction (htfBull for longs, htfBear for shorts), 2 points are awarded. When HTF is disabled, 1 neutral point is always given. When HTF opposes the signal and useHtf is on, 0 points. This component has the same maximum weight as RSI and pattern size — reflecting the institutional significance of macro directional alignment. Grade-coded signal colors: Score 8–10 → full brightness (colBull / colBear). Score 6–7 → slightly dimmer. Score below 6 → transparent-tinted version. The triangle color communicates quality at a glance without reading the dashboard. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📊 Live Dashboard The 10-row real-time dashboard displays the complete internal state of the breakout classifier and all filter conditions. PATTERN — the current detected pattern: Range, Dbl Top, Dbl Bot, Triangle, Rising Wedge, Falling Wedge, Up Channel, Down Channel. Purple color. Updates on every bar as the pivot structure evolves CLASS — the current breakout classification state: IDLE (no pending break), PENDING (raw break registered, evaluating), TRUE BREAK (confirmed continuation), FAKEOUT (rejection detected, reversal watching). Color-coded — yellow-green for TRUE BREAK, orange for FAKEOUT, neutral for IDLE/PENDING BIAS — the directional bias: BULL (pendingDir=1 or patBias=1), BEAR (pendingDir=-1 or patBias=-1), or NEUTRAL. Yellow-green or red LEVELS — the current support and resistance levels as a price pair (e.g., "2450.50 / 2490.25"). The exact boundaries the breakout classifier is watching QUALITY — the live quality score out of 10. Yellow-green when at or above the minimum threshold, neutral otherwise RSI F/C — the live Fast RSI and Core RSI values as a pair (e.g., "58.4 / 53.7"). Yellow-green when above 50, red when below HTF — higher timeframe EMA structure: ▲ BULL, ▼ BEAR, or — FLAT CHOP — live Choppiness Index value. Orange when above the block threshold VOL — CONFIRMED (volume above threshold) or LIGHT (below threshold). Yellow-green or orange ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📈 Chart Visual System Pattern Boundary Lines — when Show Pattern Boundary Lines is enabled, a resistance line (res, red-tinted) and support line (sup, yellow-green-tinted) are drawn from the pattern's origin bar to the current bar, showing the exact levels the breakout classifier is watching ▲ Triangle (below bar) — long signal. Full brightness yellow-green for score 8+, standard for 6–7, transparent-tinted for minimum score. Fires on both TRUE BREAK longs and FAKEOUT reversal longs (trap shorts become long entries) ▼ Triangle (above bar) — short signal with matching grade-coded coloring ✕ Cross (above bar, orange) — fakeout mark for a failed long breakout. Appears when Show Fakeout Marks is enabled and fakeLongNow fires. The orange × above the bar is the visual alert that a bull breakout has been rejected ✕ Cross (below bar, orange) — fakeout mark for a failed short breakout Candle tinting — when Show Tint Candles by Active Bias is enabled, bars are tinted yellow-green (bias=1) or red (bias=-1) during active pending or pattern-biased periods. The tint shows the directional context continuously, not just at signal bars SL Line (red dashed) — when Show SL + TP1 + TP2 is on, the ATR-based stop loss level extending guideExtend bars forward TP1 Line (lime dotted) — first take profit at 1.8× ATR from entry TP2 Line (bright yellow-green dashed, width 2) — second take profit at 3.0× ATR from entry ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🚀 How to Trade with AlphaX BREAKRUNE — Step by Step Step 1 — Read the Pattern and Levels Check the PATTERN row on the dashboard — what structure is the system currently detecting? A Triangle or Wedge has directional bias; a Range or Double Top/Bottom has a directional expectation. Understanding the pattern context helps you assess which breakout direction is more probable Check the LEVELS row — note the exact support and resistance prices. These are the lines the classifier is watching. If price is approaching resistance, a long break event may be imminent Check BIAS — if it already shows BULL or BEAR from the pattern's directional classification, the system has a pre-existing directional lean before any break occurs Step 2 — Monitor the Breakout Classification When CLASS changes from IDLE to PENDING, a raw break has occurred. Watch the dashboard closely over the next fakeWindow bars — CLASS will shift to either TRUE BREAK or FAKEOUT If CLASS shows FAKEOUT with an orange × appearing on the chart, the fakeout reversal pathway has activated. Check RSI F/C — is the Fast RSI approaching or crossing the 50 midline in the reversal direction? If CLASS shows TRUE BREAK, check RSI F/C — is Fast RSI above 55 (long) or below 45 (short) with Core RSI confirming and slopes positive? If yes, a signal is likely imminent or has just fired Step 3 — Enter on the Triangle Signal A ▲ or ▼ triangle confirms all three phases have aligned — pattern identified, break classified, RSI triggered, quality scored Read the triangle color — bright full-color triangle is Grade A (score 8+). This is the premium entry with all components confirming. Faded triangles are Grade C — valid but with reduced size The QUALITY row shows the exact score. For fakeout reversal signals, the score will typically be 1 point lower than an equivalent true break signal due to the trap signal type weighting Enable Show SL + TP1 + TP2 to see the ATR guide levels projecting forward from the signal bar Step 4 — Manage the Trade Watch the CLASS row during the trade. A new PENDING state in the opposing direction during an open position is an early warning that a counter-breakout is developing Monitor RSI F/C — if Fast RSI begins rolling toward 50 against the trade direction, intermediate momentum is weakening. Consider taking TP1 The candle tint changing from yellow-green to red (or vice versa) during a trade means the bias has reversed — this is a structural exit cue ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠ Identifying Low-Quality Conditions — When Not to Trade Stand aside when: CHOP is orange on the dashboard — the hard chop gate is active. All signals are blocked. Pattern breakouts in extreme chop environments are dominated by noise — the range is too oscillatory for genuine structural breaks CLASS shows PENDING for multiple consecutive bars with no resolution — when the system remains in PENDING state approaching the fakeWindow expiry without classifying as either TRUE BREAK or FAKEOUT, the break is ambiguous. The system will expire it silently. This ambiguity itself is a warning — directional commitment is absent Pattern height is too small (sizeOk = false, quality score below 7) — the pattern exists but is too narrow to produce meaningful measured moves. Low-quality entries at micro-patterns carry reduced reward with the same stop risk HTF Bias opposes the breakout direction — a bull breakout signal against a bearish HTF produces 0 HTF confluence points. The signal may still fire if other components score sufficiently, but counter-HTF breakouts resolve in the HTF direction far more often than not FAKEOUT class appears but RSI is not approaching the midline — a fakeout has been detected but the RSI trigger for the reversal has not yet materialized. ARM SHORT / ARM LONG conditions are developing but no signal has fired. Do not anticipate the reversal signal without the RSI confirmation — the reversal could still fail Multiple rapid PENDING → expiry cycles without TRUE BREAK or FAKEOUT — when the classifier repeatedly enters and exits PENDING state without resolving, the pattern boundary is being tested multiple times without follow-through. This is range-bound behavior masquerading as a breakout environment. Increase the break threshold or wait for a cleaner structural setup The ideal BREAKRUNE setup: Well-sized pattern (sizeOk true, pattern height 2× ATR or more) Clean single raw break bar followed by TRUE BREAK classification within 2–3 bars Fast RSI clearly above 55 (long) or below 45 (short) with positive/negative slopes on both RSI layers HTF aligned with the breakout direction Volume confirmed on the breakout bar Chop Index well below threshold Quality score at 8–10 (Grade A triangle, full brightness) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚡ Key Features 🔮 Three-phase breakout architecture — Pattern Recognition → Breakout Classification (PENDING → TRUE BREAK or FAKEOUT) → RSI Trigger Confirmation. No signal fires without all three phases completing sequentially 📐 Five-pattern detection engine — Range, Double Top/Bottom, Triangle, Rising/Falling Wedge, and Trend Channel identified from confirmed pivot structure with freshness and size filters ⚡ Real vs fake breakout classifier — candle body and wick geometry over a configurable decision window distinguishes genuine structural breaks from stop-hunt reversals before the signal fires 🔀 Fakeout reversal signal mode — when a break is classified as FAKEOUT, BREAKRUNE reverses bias and watches for an RSI midline crossover trap signal in the opposing direction, profiting from the crowd that got trapped 📊 Dual RSI trigger layer — Fast RSI (7) for timing precision and Core RSI (14) for momentum confirmation, with slope measurement on both. Required alignment conditions differ between true break and trap reversal entries ✕ Live fakeout markers — orange × marks above (failed long break) or below (failed short break) on bars where fakeout classification occurs, providing real-time awareness of failed breakouts independently of signal generation 🏅 10-point quality scoring — Pattern Size (2pts), RSI Alignment (2pts), Signal Type (1–2pts), Volume (1pt), Non-Chop (1pt), HTF Bias (2pts). Grade-coded triangle colors reflect score quality at a glance 🎨 Candle tinting — bars tinted yellow-green during bull pending/bias periods and red during bear periods, providing continuous directional context between signals 📊 10-row live dashboard — Pattern, Class, Bias, Levels, Quality, RSI F/C, HTF, Chop, and Volume updated in real time every bar 🔔 3 alert conditions — BREAKRUNE Long, BREAKRUNE Short, BREAKRUNE Fakeout (independent alert for fakeout detection regardless of reversal signal) ⚙ Fully configurable — pivot length, flat and trend tolerances, minimum pattern height, freshness window, break threshold, confirmation bars, fakeout decision window, wick rejection minimum, volume filter, dual RSI periods and trigger levels, RSI slope lookback, fakeout reversal enable, cooldown, quality minimum, HTF parameters, chop gate, SL/TP ATR multiples, guide extension, all visual toggles, and all colors are independently adjustable ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚙ Settings Reference Pattern Intelligence Pivot Length — fractal sensitivity for pivot detection (default: 5). Lower = more frequent smaller patterns; higher = fewer, larger structural patterns Flat Level Tol (xATR) — ATR tolerance for determining whether consecutive pivots are at the same level (default: 0.35). Controls Double Top/Bottom and Range classification sensitivity Trend Shift Tol (xATR) — ATR tolerance for determining whether consecutive pivots show a directional shift (default: 0.20). Controls Triangle, Wedge, and Channel classification Min Pattern Height (xATR) — minimum pattern height for the sizeOk condition and quality score (default: 1.1). Raise to filter micro-patterns Pattern Freshness (bars) — maximum age of the oldest contributing pivot for pattern classification (default: 80). Older pivots are excluded Breakout Classifier Break Threshold (xATR) — minimum close extension beyond the pattern boundary to register a raw break (default: 0.12). Lower = more sensitive; higher = requires stronger breaks True Break Confirmation Bars — consecutive candles that must all close beyond the level for TRUE BREAK classification (default: 2) Fakeout Decision Window — maximum bars after the raw break within which FAKEOUT or TRUE BREAK must be classified (default: 5). After this window, the pending state expires Fakeout Wick Rejection Min — minimum wick-to-body ratio required for FAKEOUT classification (default: 0.45). Higher = requires more obvious rejection wicks Volume Confirm — require volume above average on the signal bar (default: on) Volume Avg Length / Volume vs Avg — volume baseline parameters (defaults: 20 bars / 1.1×) RSI Trigger Layer RSI Fast — the timing RSI period (default: 7) RSI Core — the confirmation RSI period (default: 14) Long Trigger — minimum Fast RSI level for a true break long (default: 55). Above 50 is the baseline; raising this requires stronger bull momentum Short Trigger — maximum Fast RSI level for a true break short (default: 45) RSI Slope Bars — lookback period for RSI slope calculation (default: 3) Enable Fakeout Reversal Signals — toggle the trap reversal signal mode (default: on) Confluence Gate Signal Cooldown (bars) — minimum bars between consecutive signals (default: 6) Min Quality Score (of 10) — minimum score to fire a signal (default: 5) HTF Bias Layer — when on, HTF alignment contributes up to 2 points to the quality score (default: on) Hard HTF Alignment — when on, counter-HTF signals are fully blocked regardless of score (default: off) HTF Timeframe / HTF Fast / Slow EMA — higher timeframe parameters (defaults: 60-minute / 21 / 55) Block Extreme Chop / Choppiness Length / Chop Block Above — chop gate parameters (defaults: on / 14 / 62.0) Entry / Exit Guides Show SL + TP1 + TP2 — toggle guide line display (default: off) ATR Length — ATR calculation lookback (default: 14) SL (xATR) — stop loss distance in ATR multiples (default: 1.2) TP1 (xATR) — first take profit distance (default: 1.8) TP2 (xATR) — second take profit distance (default: 3.0) Guide Extend (bars) — bars forward the guide lines project (default: 30) Display Show Pattern Boundary Lines — toggle the resistance and support boundary lines (default: on) Show Signals — toggle signal triangle rendering (default: on) Show Fakeout Marks — toggle the orange × fakeout markers (default: on) Tint Candles by Active Bias — toggle directional candle tinting (default: on) Show Dashboard — toggle the full dashboard (default: on) Dashboard Position — Top Left / Top Right / Bottom Left / Bottom Right Colors Bull / Bull Bright — yellow-green family for bullish signals and tinting Bear / Bear Bright — red family for bearish signals Pattern Accent — purple for pattern labels, boundary lines, and structural elements Pending / Fakeout — orange for fakeout marks, CHOP warnings, and VOL LIGHT indicators Neutral — gray for IDLE class and neutral dashboard states Stop / TP1 / TP2 — individual guide line colors Dash BG / Dash Header / Dash Section / Dash Frame / Dash Text — full dashboard color control ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔔 Alert Conditions (3 total) BREAKRUNE Long — all three phases confirmed for a long entry: pattern identified, TRUE BREAK or FAKEOUT reversal classified, RSI trigger aligned, quality score met BREAKRUNE Short — all conditions confirmed for a short entry BREAKRUNE Fakeout — a fakeout has been classified on the current bar (fakeLongNow or fakeShortNow). This fires independently of whether a reversal signal follows — useful for awareness of failed breaks even when the reversal RSI conditions are not yet met ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🎯 Recommended Settings by Instrument & Timeframe The default configuration is optimized for XAUUSD, major forex pairs, and crypto on M5–H1 : Pivot Length at 5 — captures intraday structural swings without excessive micro-sensitivity Fakeout Window at 5 — on M5 this is 25 minutes, sufficient to observe whether a break holds or fails without waiting too long. On M15, consider reducing to 3 Confirmation Bars at 2 — requires two consecutive closes beyond the level before TRUE BREAK classification. On M1, consider reducing to 1 RSI Long/Short Triggers at 55/45 — the asymmetric thresholds (not 60/40) accept momentum confirmation that is directional but not yet overbought/oversold For other instruments or timeframes, adjust: M1–M3 scalping — reduce Pivot Length to 3, reduce Fakeout Window to 3, reduce Confirmation Bars to 1, reduce Cooldown to 3, tighten Break Threshold to 0.08 H4–Daily swing trading — increase Pivot Length to 8–10, increase Pattern Freshness to 150, increase Fakeout Window to 8–10, increase Confirmation Bars to 3, increase TP2 to 5.0× ATR Crypto (BTC, ETH) — increase Fakeout Wick Rejection to 0.50 for crypto's wider rejection wicks, increase Break Threshold to 0.18, increase Min Quality to 6 for tighter filtering on volatile instruments Indices (NAS100, US30) — use Hard HTF Alignment (on), set RSI Long Trigger to 57, increase Confirmation Bars to 3 for cleaner index breakouts Pure true-break mode — disable Enable Fakeout Reversal Signals, raise Min Quality to 6, raise RSI Long Trigger to 58 for higher-conviction momentum-only entries Fakeout-specialist mode — enable Fakeout Reversal Signals, reduce Fakeout Wick Rejection to 0.38 for more sensitive fakeout detection, lower RSI Slope Bars to 2 for faster RSI crossover detection ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 👥 Who This Is For 🔮 Breakout traders who are tired of being faked out — BREAKRUNE is built specifically around the fakeout problem. The three-phase architecture exists for one reason: to separate genuine structural breaks from the stop-hunt reversals that cost breakout traders money consistently 🔀 Traders who want to profit from both real breaks AND fakeouts — the fakeout reversal signal mode transforms the system's most common failure scenario into its own entry opportunity. The crowd that bought the false breakout becomes the fuel for the reversal trade 📊 Pattern-aware traders who want quantified structure — the five-pattern detection engine provides automatic structural context without manual drawing. Every signal tells you which pattern type it came from 📐 Momentum traders who need RSI precision — the dual RSI trigger layer (Fast 7 + Core 14) with slope measurement provides the most precise momentum timing gate in the AlphaX breakout signal suite 🧠 Systematic traders who want state transparency — the PENDING → TRUE BREAK / FAKEOUT classification state machine is fully visible on the dashboard in real time. You always know exactly what phase the system is in and why 🥇 Gold and forex intraday traders — breakout and fakeout patterns are particularly consistent on XAUUSD and major forex pairs during London and New York session transitions. Default settings are calibrated for these instruments ⚠ Traders who struggle with breakout timing — the RSI trigger layer forces every entry to have genuine momentum behind it at the moment of entry, eliminating the common experience of entering a breakout just as momentum exhausts ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📝 Notes All signals are confirmed on bar close — the indicator is non-repainting by design. Pattern detection, breakout classification, and RSI conditions all finalize on confirmed bars The pending state machine uses persistent variables (var) — the PENDING, TRUE BREAK, and FAKEOUT states persist across bars until resolved or expired. This is essential for multi-bar classification but means the state machine holds values from previous breakout events. A signal firing clears all pending state variables Pattern detection is a best-fit classification — the system selects the most matching pattern from the available pivot structure on every bar. When the pivot structure changes (new pivots form), the pattern classification may update. This means the PATTERN row on the dashboard may change between signal events as new structure forms The Pattern Freshness filter (default: 80 bars) ensures the oldest contributing pivot is recent. On slower timeframes with infrequent pivots, this may cause pattern detection to intermittently show — before new pivots form. Increase the freshness window on higher timeframes Maximum 80 labels, 120 lines, and 600 bars back are configured. On very active low-timeframe charts, the oldest guide lines may be removed by PulseWire's rendering limits The fakeout mark (orange ×) fires independently of the reversal signal. A fakeout mark can appear without a subsequent reversal signal if the RSI trap conditions (midline cross with slope) are not met — the fakeout is real but the reversal momentum confirmation is absent The indicator does not track open positions or P&L and does not connect to any broker or account ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠ Disclaimer This indicator is a technical analysis and visualization tool intended for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. All signals are generated from historical and real-time price data using mathematical calculations — their accuracy or profitability is not guaranteed. Past performance of any signal type does not guarantee future results. Always conduct your own analysis, use proper risk management, and consult a licensed financial advisor before making any trading decisions. The author accepts no responsibility for any losses incurred from the use of this indicator. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Built for traders who understand that a breakout is not a signal — it is the beginning of an evaluation. The signal comes after the market proves whether the break was real.

Indicator

by AlphaX-Trade

[ A L P H A X ] RELAY - Pattern Relay Engine AlphaX RELAY — Pattern Relay Engine: Formation → Armed → Fired Lifecycle System, Pre-Breakout Detection, Completion Scoring, Volume Coil Confirmation & Real-Time Phase Intelligence AlphaX RELAY is a professional-grade chart pattern anticipation system built around a fundamentally different concept from every other pattern indicator — including its companion AlphaX FORGE. Where FORGE detects patterns after breakout confirmation and fires entry signals on completed formations, RELAY tracks patterns throughout their entire development lifecycle , scoring their completion percentage in real time and alerting you before the breakout occurs. The RELAY framework divides every pattern's life into three sequential phases — FORMING, ARMED, and FIRED — and updates the phase designation on every bar as price evolves within the formation. When a pattern enters the ARMED zone (price approaching the neckline or boundary within ATR tolerance), RELAY alerts you to prepare. When the breakout fires, the full entry framework activates with computed entry, stop, TP1, and TP2 levels alongside a JSON alert. The result is a system that gives you advance warning of high-probability breakouts rather than reactive confirmation — designed for traders who want to be positioned before the crowd, across crypto, forex, gold, and indices on any timeframe. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔄 The RELAY Philosophy — Anticipation Over Confirmation Every significant chart pattern begins forming bars or hours before the breakout. A Double Top starts when the second peak forms near the first — at that moment, a skilled technical trader begins watching the neckline. A Head & Shoulders is identifiable from the moment the right shoulder begins forming — before price has reached the neckline. A Bull Flag is established from the moment the pole terminates and consolidation begins. Most pattern indicators wait until the breakout is confirmed — at which point the pattern is already complete, the first wave of breakout traders has already entered, and the entry price is often significantly beyond the pattern boundary. RELAY inverts this model. By continuously scanning for pattern geometries as they form , scoring their completion, and communicating their phase state in real time, RELAY gives traders the ability to: Identify patterns well before breakout — watching them develop in real time on the chart Receive an ARMED alert when price approaches the trigger level — preparing limit orders or monitoring for the candle close Enter on the FIRED event with a pre-planned trade, not a reactive chase Track completion percentage continuously — knowing whether a formation is 65% complete or 95% complete changes the urgency of preparation This anticipatory framework is the core intellectual contribution of RELAY to the AlphaX suite, and it is what distinguishes it from FORGE — two systems covering the same pattern types from opposite temporal perspectives. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔄 The Three-Phase Lifecycle — FORMING → ARMED → FIRED Every pattern in RELAY exists in exactly one of three states at any moment. The phase is computed on every bar and displayed prominently on both the chart label and the dashboard. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Phase 1 — FORMING (Purple) The pattern geometry has been confirmed — the pivots are in the correct structural relationship and the formation is identifiable. However, price has not yet approached the neckline or boundary level closely enough to be considered imminently actionable. What FORMING means: The pattern exists and is valid. Completion percentage is typically 60–80% in this phase. The formation box is drawn on the chart in purple. The neckline or boundary is plotted as a solid purple line. The dashboard shows the pattern name, FORMING phase, and the current completion percentage. How to use FORMING: Plan your trade. Note the neckline level. Calculate where your entry, stop, and targets will be if the pattern fires. Set a price alert at the ARMED zone boundary so you are notified when price begins approaching the trigger level. Do not enter yet. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Phase 2 — ARMED (Orange) Price has approached the neckline or boundary to within the configurable ATR tolerance (default: 0.35× ATR). The pattern is in its final stage of formation before the breakout. The trigger is imminent. What ARMED means: Price is close enough to the neckline that the next 1–5 bars will likely determine whether the pattern fires or fails. Completion percentage typically reaches 85–100% in this phase. The formation box and neckline shift to orange. The dashboard phase row turns orange. An ARMED alert fires. How to use ARMED: This is your active preparation signal. If you are trading with limit orders, now is the time to place a limit order at the neckline level. If you prefer market orders on breakout, watch the chart closely for the closing candle confirmation. Review the confluence score — if it is at or above the minimum, the ARMED setup is worth your full attention. ARMED alert: Separate alert conditions fire for ARMED Long and ARMED Short, allowing you to set up targeted notifications for the direction you want to trade. The ARMED alert is the pre-breakout awareness signal. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Phase 3 — FIRED (Yellow-Green / Red) Price has closed beyond the neckline or boundary by more than the configured break margin (default: 0.6× ATR). The pattern has completed and the entry framework activates. Completion is 100%. What FIRED means: The breakout is confirmed by bar close. The formation box and neckline shift to the directional color — yellow-green for bull patterns, red for bear patterns. Entry, SL, TP1, and TP2 lines are drawn on the chart extending 40 bars forward. All four levels are labeled with exact prices. The TP2 label also shows the computed R:R. A FIRED alert fires with a full JSON payload. How to use FIRED: Enter on the next bar's open at or near the entry level shown on the chart. Place the stop at the SL level. Scale out 50% (default) at TP1. Let the remainder run to TP2 or trail with a stop. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📊 Formation Completion Scoring — The Pattern Health Metric The completion percentage is a pattern-specific quantitative score that measures how far along the formation has progressed toward its breakout. Unlike a simple binary detection, the completion score gives you continuous awareness of pattern health. How completion is computed: Each pattern type starts with a base completion score that reflects the geometric confirmation of the core structure: Double Top / Bottom base: 70% — the two-pivot structure is confirmed Head & Shoulders / Inv H&S base: 65% — the three-pivot structure with neckline is confirmed Triangles base: 60–75% — converging trendlines with sufficient base height Flags / Pennants base: 62% — pole plus parallel or converging consolidation confirmed Wedges base: 58–78% — converging wedge with correct slope relationship Additional completion points are awarded for: +15 points — price is on the correct side of the neckline (below the neckline for Double Tops, above for Double Bottoms) +15–20 points — price is within the ARMED zone (within ATR tolerance of the neckline or boundary) Maximum possible completion before breakout is 100%. FIRED state also shows 100% on the dashboard. Minimum formation threshold: Patterns below the configured minimum completion percentage (default: 55%) are not displayed. This prevents very early, nascent patterns with insufficient structural confirmation from cluttering the chart. Raising this threshold (e.g., to 70%) shows only well-developed formations where the pattern geometry is fully confirmed and price is approaching the trigger. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📐 Pattern Detection — Five Formation Types RELAY continuously scans for five pattern families in real time, computing their phase and completion on every bar. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Double Top / Double Bottom Two pivot highs at approximately the same level separated by a pullback low (Double Top), or two pivot lows at approximately the same level separated by a recovery high (Double Bottom). The neckline is the intervening low (Double Top) or high (Double Bottom). Phase transitions: FORMING — geometry confirmed, price not yet near neckline ARMED — price within 0.35× ATR of the neckline FIRED — price closes below neckline by 0.6× ATR (Double Top) or above by 0.6× ATR (Double Bottom) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Head & Shoulders / Inverted H&S Three-peak structure with a dominant central peak (head) flanked by two lower peaks (shoulders) at approximately equal heights, connected by a potentially sloped neckline through the two intervening lows. The Inverted H&S is the mirror pattern with a dominant central trough. The neckline for H&S patterns is computed as a projected line through the two neckline pivot points, evaluated at the current bar — producing a dynamically sloped neckline that accurately reflects the true pattern boundary at any point in time. Phase transitions follow the same ATR-based FORMING → ARMED → FIRED logic, with the ARMED zone assessed against the sloped neckline projection. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Triangles — Ascending, Descending, Symmetrical Converging trendlines formed by a falling or flat upper trendline and a rising or flat lower trendline. The three variants are distinguished by slope: Ascending Triangle — upper trendline near flat, lower trendline rising. Bull breakout expected Descending Triangle — lower trendline near flat, upper trendline falling. Bear breakout expected Symmetrical Triangle — both trendlines converging, neither flat. Can break either direction; RELAY tracks the direction of the actual breakout The ARMED zone is computed relative to the projected upper (bull) or lower (bear) trendline at the current bar. Completion receives a bonus for larger triangle base heights (more than 2× ATR adds 15 points vs 5 points for smaller bases). ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Flags and Pennants A sharp pole move followed by a consolidation with parallel downward-sloping trendlines (Bull Flag / Pennant) or parallel upward-sloping trendlines (Bear Flag / Pennant). The pole size must be at least 2.5× ATR to qualify as a genuine pole rather than normal price movement. The upper trendline for Bull Flags and the lower trendline for Bear Flags are the breakout boundaries. The ARMED zone is assessed against the projected trendline level at the current bar. The target is the breakout level plus the full pole distance. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Rising and Falling Wedges Converging patterns where both trendlines slope in the same direction but the lower trendline has a more extreme slope than the upper (Rising Wedge — bearish) or the upper trendline has a more extreme slope than the lower (Falling Wedge — bullish). The slope relationship distinguishes wedges from flags (which are parallel) and triangles (where lines converge to a point rather than widening). Completion bonus is proportional to the wedge width in ATR multiples — wider wedges with more price range between the trendlines score higher completion. The target is the high of the wedge origin (Falling Wedge) or the low (Rising Wedge) — the structural measurement move. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🏅 The 10-Point Quality Scoring System Every active pattern is scored through a 10-point confluence system. Only patterns meeting the minimum score threshold (default: 5) are displayed, and the quality-ranked selection algorithm picks the highest-scoring pattern when multiple formations are active simultaneously. Score components: Formation Completion (up to 2 points): Completion at 85% or above scores 2 points. Completion above the configured minimum scores 1 point. This ensures well-developed patterns score higher than nascent formations. HTF Bias Alignment (up to 2 points): Bull pattern with bull HTF, or bear pattern with bear HTF, scores 2 points. When HTF is disabled, 1 neutral point is awarded. Counter-HTF patterns score 0. The HTF filter can be set as a hard block on FIRED patterns — preventing counter-HTF breakout alerts even if the pattern is technically valid. Non-Chop Market (1 point): Choppiness Index below the threshold. Also enforced as a hard gate — extreme chop blocks all patterns from displaying. Pattern Phase (up to 2 points): FIRED scores 2 points, ARMED scores 1 point, FORMING scores 0. This weighting ensures that more advanced phases naturally score higher in the quality ranking — a FIRED pattern will nearly always outscore a FORMING pattern in the selection algorithm. Volume Coil Before Break (1 point): Current volume is below the configured fraction of the volume moving average (default: 0.85×). A drying volume condition approaching the neckline is the classic pre-breakout behavior — the market is consolidating on declining interest before the explosive release. This layer rewards patterns where this institutional behavior is present. R:R at Minimum (1 point): The computed R:R between entry and TP2 meets or exceeds the minimum (default: 1.5). Ensures only patterns with adequate measured moves relative to their stop are displayed. Pattern Size (1 point): The pattern height or target distance meets or exceeds 1.5× ATR. Filters micro-patterns with trivial measured moves. Selection algorithm: When multiple patterns qualify simultaneously, RELAY uses a composite ranking that combines the confluence score, completion percentage (weighted at 0.05 per percent), and phase bonus (FIRED: +3, ARMED: +2, FORMING: +0). This ensures that a FIRED pattern with good confluence almost always outranks a FORMING pattern, while also rewarding high-completion ARMED patterns over low-completion FORMING patterns of equal confluence. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📦 Formation Box and Neckline Visualization Every active pattern is rendered with two core visual elements: Formation Box: A rectangle spanning the pattern's horizontal range (from the start bar to the current bar) and vertical range (from the neckline to the opposite extreme of the pattern — the tops for bear patterns, the bottoms for bull patterns). The box color reflects the current phase: purple for FORMING, orange for ARMED, yellow-green or red for FIRED. The fill opacity is moderate (88%) — present enough to identify the pattern zone without obscuring price action behind it. Neckline / Boundary: A solid line at the critical breakout level, extending 20 bars beyond the current bar. For patterns with flat necklines (Double Tops, Rectangles), this is a horizontal line. For Head & Shoulders with sloped necklines, the line reflects the slope. The neckline color matches the phase color — shifting through purple, orange, and the directional color as the phase advances. Phase Label: A label at the right edge of the formation showing the pattern name, current phase, and completion percentage. Positioned above price for bear patterns, below for bull patterns. The label color matches the phase. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📊 Live Dashboard The 13-row real-time dashboard displays the complete state of the current highest-scoring pattern. RELAY STATE Pattern — the name of the current pattern: Double Top, Head & Shoulders, Asc Triangle, Bull Flag, Falling Wedge, etc. Color-coded yellow-green for bull, red for bear Phase — FORMING (purple), ARMED (orange), or FIRED (yellow-green/red). The most critical single row in the entire dashboard Formation — the live completion percentage. Orange when below 80%, yellow-green when above 80% Neckline — the exact price of the current neckline or boundary level in real time LEVELS (FIRED) Entry — the computed entry price (current bar's open at FIRED). Shows — when pattern is still FORMING or ARMED TP1 / TP2 — both take-profit targets displayed as a price pair Stop — the computed stop loss level QUALITY Confluence — the pattern's score out of 10. Yellow-green when at or above the minimum threshold HTF · Chop — HTF bias (▲ BULL, ▼ BEAR, FLAT) and live Choppiness Index displayed on a single row. Orange CI indicates the chop gate is near or active ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📈 Chart Visual System Formation Box (FORMING — purple) — the developing pattern's price range from start to current bar, purple-tinted Formation Box (ARMED — orange) — box shifts to orange when price enters the ARMED zone. This color change on the chart is itself an alert Formation Box (FIRED — yellow-green / red) — pattern complete, box color reflects direction Neckline Line (solid, phase color) — the critical breakout level extending 20 bars forward Phase Label — pattern name, phase text, and completion percentage. Positioned at the right edge of the formation Entry Line (yellow-green dashed) — FIRED phase only, with "ENTRY x.xxxx" label SL Line (red dashed) — FIRED phase only, with "SL x.xxxx" label TP1 Line (lime dotted) — FIRED phase only, with "TP1 x.xxxx" label TP2 Line (bright yellow-green dashed, width 2) — FIRED phase only, with "TP2 x.xxxx · R:R x.xx" label ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📡 JSON Alert System RELAY fires a structured JSON alert on every FIRED event, delivering complete trade parameters to webhook receivers. FIRED JSON structure:

Indicator

by AlphaX-Trade

Structured Head and Shoulder Pattern (MastersinMarkets)Overview This proprietary indicator automates the detection of classic Head and Shoulders (H&S) and Inverse Head and Shoulders patterns using a rigorous structural approach. Designed for traders who prioritize geometric symmetry and statistical quality, it filters out "noisy" or low-probability formations that often lead to false breakouts. Core Logic The script utilizes a multi-stage validation engine to confirm pattern integrity: Pivot Analysis: Identifies high-fidelity swing points using a configurable "Swing Strength" to ensure only significant market turns are considered. Symmetry Scoring: A proprietary algorithm evaluates patterns based on price symmetry (Shoulder height similarity), time symmetry (duration between peaks), and neckline slope. ATR Volatility Scaling: The "Min Pattern Size" filter ensures the pattern is large enough relative to current market volatility to be considered structurally significant. Key Features Dynamic Quality Score: Every detected pattern is assigned a score (0–100). Only those meeting your "Min Quality Threshold" are displayed, helping you focus on high-probability setups. Flexible Necklines: Allows for both horizontal and sloping necklines with a "Max Slope" constraint to maintain structural validity. Visual Structure Mapping: Automatically plots the connecting lines of the pattern and extends the neckline for clear breakout monitoring. Real-time Alerts: Integrated alerts trigger the moment a validated pattern completes its Right Shoulder. How It Works Detection: The script looks for a sequence of five swing points (High-Low-High-Low-High for bearish setups). Validation: It checks if the "Head" is higher than both "Shoulders" and if the distance between swings meets the minimum bar count. Scoring: It calculates the $Price\_Symmetry$, AMEX:TIME \_Ratio$, and $Slope\_Score$. Execution: If the cumulative score exceeds the user-defined threshold (e.g., 60), the pattern is drawn on the chart. Disclaimer Trading involves significant risk. This indicator is a tool for technical analysis and does not constitute financial advice. Past performance, including high-quality symmetry scores, does not guarantee future results. Always use proper risk management and consider market context before executing trades.

Indicator

by MastersinMarkets

eBacktesting - Learning: Head & Shoulders eBacktesting - Learning: Head & Shoulders Head & Shoulders is one of the most recognizable reversal patterns in day trading. It helps you spot moments when a trend may be losing strength and a turn becomes more likely—often around a “neckline” level where the market either breaks and continues the reversal, or holds and keeps trending. This indicator highlights both: - Head & Shoulders (bearish): potential shift from bullish strength to bearish reversal - Inverse Head & Shoulders (bullish): potential shift from bearish strength to bullish reversal It marks the structure on the chart (left shoulder, head, right shoulder) and flags the moment the pattern is confirmed, so you can practice reading the story behind price action instead of guessing. These indicators are built to pair perfectly with the eBacktesting extension, where traders can practice these concepts step-by-step. Backtesting concepts visually like this is one of the fastest ways to learn, build confidence, and improve trading performance. Educational use only. Not financial advice.

Indicator

by BacktestingMaestro

Quasimodo Pattern Strategy Back Test [TradingFinder] QM Trading 🔵 Introduction The QM pattern, also known as the Quasimodo pattern, is one of the popular patterns in price action, and it is often used by technical analysts. The QM pattern is used to identify trend reversals and provides a very good risk-to-reward ratio. One of the advantages of the QM pattern is its high frequency and visibility in charts. Additionally, due to its strength, it is highly profitable, and as mentioned, its risk-to-reward ratio is very good. The QM pattern is highly popular among traders in supply and demand, and traders also use this pattern. The Price Action QM pattern, like other Price Action patterns, has two types: Bullish QM and Bearish QM patterns. To identify this pattern, you need to be familiar with its types to recognize it. 🔵 Identifying the QM Pattern 🟣 Bullish QM In the bullish QM pattern, as you can see in the image below, an LL and HH are formed. As you can see, the neckline is marked as a dashed line. When the price reaches this range, it will start its upward movement. 🟣 Bearish QM The Price Action QM pattern also has a bearish pattern. As you can see in the image below, initially, an HH and LL are formed. The neckline in this image is the dashed line, and when the LL is formed, the price reaches this neckline. However, it cannot pass it, and the downward trend resumes. 🔵 How to Use The Quasimodo pattern is one of the clearest structures used to identify market reversals. It is built around the concept of a structural break followed by a pullback into an area of trapped liquidity. Instead of relying on lagging indicators, this pattern focuses purely on price action and how the market reacts after exhausting one side of liquidity. When understood correctly, it provides traders with precise entry points at the transition between trend phases. 🟣 Bullish Quasimodo A bullish Quasimodo forms after a clear downtrend when sellers start losing control. The market continues to make lower lows until a sudden higher high appears, signaling that buyers are entering with strength. Price then pulls back to retest the previous low, creating what is known as the Quasimodo low. This area often becomes the final trap for sellers before the market shifts upward. A visible rejection or displacement from this zone confirms bullish momentum. Traders usually place entries near this level, stops below the low, and targets at previous highs or the next resistance zone. Combining the setup with demand zones or Fair Value Gaps increases its accuracy. 🟣 Bearish Quasimodo A bearish Quasimodo forms near the top of an uptrend when buyers begin to lose strength. The market continues to make higher highs until a sudden lower low breaks the bullish structure, showing that selling pressure is entering the market. Price then retraces upward to retest the previous high, forming the Quasimodo high, where breakout buyers are often trapped. Once rejection appears at this level, it indicates a likely reversal. Traders can enter short near this area, with stop-losses placed above the high and targets near the next support or previous lows. The setup gains more reliability when aligned with supply zones, SMT divergence, or bearish Fair Value Gaps. 🔵 Setting Pivot Period : You can use this parameter to use your desired period to identify the QM pattern. By default, this parameter is set to the number 5. Take Profit Mode : You can choose your desired Take Profit in three ways. Based on the logic of the QM strategy, you can select two Take Profit levels, TP1 and TP2. You can also choose your take profit based on the Reward to Risk ratio. You must enter your desired R/R in the Reward to Risk Ratio parameter. Stop Loss Refine : The loss limit of the QM strategy is based on its logic on the Head pattern. You can refine it using the ATR Refine option to prevent Stop Hunt. You can enter your desired coefficient in the Stop Loss ATR Adjustment Coefficient parameter. Reward to Risk Ratio : If you set Take Profit Mode to R/R, you must enter your desired R/R here. For example, if your loss limit is 10 pips and you set R/R to 2, your take profit will be reached when the price is 20 pips away from your entry point. Stop Loss ATR Adjustment Coefficient : If you set Stop Loss Refine to ATR Refine, you must adjust your loss limit coefficient here. For example, if your buy position's loss limit is at the price of 1000, and your ATR is 10, if you set Stop Loss ATR Adjustment Coefficient to 2, your loss limit will be at the price of 980. Entry Level Validity : Determines how long the Entry level remains valid. The higher the level, the longer the entry level will remain valid. By default it is 2 and it can be set between 2 and 15. 🔵 Results The following examples show the backtest results of the Quasimodo (QM) strategy in action. Each image is based on specific settings for the symbol, timeframe, and input parameters, illustrating how the QM logic can generate signals under different market conditions. The detailed configuration for each backtest is also displayed on the image. ⚠ Important Note : Even with identical settings and the same symbol, results may vary slightly across different brokers due to data feed variations and pricing differences. Default Properties of Backtests : OANDA:XAUUSD | TimeFrame: 5min | Duration: 1 Year : BINANCE:BTCUSD | TimeFrame: 5min | Duration: 1 Year : CAPITALCOM:US30 | TimeFrame: 5min | Duration: 1 Year : NASDAQ:QQQ | TimeFrame: 5min | Duration: 5 Year : OANDA:EURUSD | TimeFrame: 5min | Duration: 5 Year : PEPPERSTONE:US500 | TimeFrame: 5min | Duration: 5 Year :

Strategy

by TradingFinder

The Butterfly [theUltimator5]This is a technical analysis tool designed to automatically detect and visualize Butterfly harmonic patterns based on recent market pivot structures. This indicator uses a unique plotting and detection algorithm to find and display valid Butterfly patterns on the chart. The indicator works in real-time and historically by identifying major swing highs and lows (pivots) based on a user-defined ZigZag length. It then evaluates whether the most recent price structure conforms to the ideal proportions of a bullish or bearish Butterfly pattern. If the ratios between price legs XA, AB, BC, and projected CD meet defined tolerances, the pattern is plotted on the chart along with a projected D point for potential reversal. Key Features: Automatic Pivot Detection: The script analyzes recent price action to construct a ZigZag pattern, identifying swing points as potential X, A, B, and C coordinates. Butterfly Pattern Validation: The pattern is validated against traditional Fibonacci ratios: --AB should be approximately 78.6% of XA. --BC must lie between 38.2% and 88.6% of AB. --CD is projected as a multiple of BC, with user control over the ratio (e.g., 1.618–2.24). Bullish and Bearish Recognition: The pattern logic detects both bullish and bearish Butterflies, automatically adjusting plotting direction and color themes. Custom Ratio Tolerance: Users can define how strictly the AB/XA and BC/AB legs must adhere to ideal ratios, using a percentage-based tolerance slider. Fallback Detection Logic: If a new pattern is not identified in recent bars, the script performs a backward search on the last four pivots to find the most recent valid pattern. Force Mode: A toggle allows users to force the drawing of a Butterfly pattern on the most recent pivot structure, regardless of whether the ideal Fibonacci rules are satisfied. Dynamic Visualization: --Clear labeling of X, A, B, C, and D points. --Colored connecting lines and filled triangles to visualize structure. --Optional table displaying key Fibonacci ratios and how close each leg is to ideal values. Inputs: Length: Controls the sensitivity of the ZigZag pivots. Smaller values result in more frequent pivots. Tolerance (%): Adjustable threshold for acceptable deviation in AB/XA and BC/AB ratios. CD Length Multiplier: Projects point D by multiplying the BC leg using a value between 1.618 and 2.24. Force New Pattern: Overrides validation checks to display a Butterfly structure on recent pivots regardless of ratio accuracy. Show Table: Enables a table showing calculated ratios and deviations from the ideal.

Indicator

by TheUltimator5

QM Signal [TradingFinder] Quasimodo Pattern - Head and Shoulders 🔵 Introduction One of the patterns in "RTM" is the "QM" pattern, also known as "Quasimodo". Its name is derived from the appearance of "Hunchback of Notre-Dame" from Victor Hugo's novel. It is a type of "Head and Shoulders" pattern. 🔵 Formation Method 🟣 Upward Trend In an upward trend, the left shoulder is formed, and the price creates a new peak higher than the left shoulder peak . After a decline, it manages to break the previous low and move upward again. We expect the price to return approximately between and to form the "QM" pattern. 🟣 Downward Trend In a downward trend, with a price decline, a new valley is created, forming the left shoulder, and the price forms a new valley lower than the left shoulder valley . After a price increase, it manages to break the previous high and move downward again. We expect the price to return approximately between and to form the "Quasimodo" pattern. Note: The "QM" pattern is a specific type of head and shoulders pattern in which in the first move, the previous support is broken and it's the best condition for price reversal. 🔵 Entry Conditions for "Buy" and "Sell" 🟢 Buy Buy Position : When a complete "QM" pattern is formed in a downtrend; we expect the price to reach the left shoulder area (with confirmation) during the retracement to enter the "BUY" position. Profit Target in Buy Scenario : Expecting a move to the peak that broke it and the highest point in the current "Swing". Stop Loss : Below the "Head," which is the lowest point. 🔴 Sell Sell Position : When a "QM" pattern is formed in an uptrend, we look for entry into the "Sell" position as the price retraces to the left shoulder area. Profit Target in Sell Scenario : Expecting a move to the price floor that has been broken and the entire "Swing" or . Take Profit : Above the highest point or above the area will be the "SL" region. Note : Certainly, no method alone guarantees trading capability and requires different confirmations. This indicator only detects the "QM" pattern, and the rest of the analysis will be the responsibility of the user. Note : These profit and loss limits are based on market movements and will be provided as approximate and supportive.

Indicator

by TradingFinder

Pro Trading Art - Head And Shoulders How the Script Works: 1. The script identifies potential Head and Shoulders patterns by searching for specific pivot highs and pivot lows in the price data. 2. It checks for the presence of a left shoulder, head, and right shoulder based on the conditions defined in the script. 3. If a valid Head and Shoulders pattern is found, the script plots lines and labels on the chart to visualize the pattern. 4. The script also identifies Inverted Head and Shoulders patterns using similar logic but with different conditions. 5. It plots lines and labels for the Inverted Head and Shoulders pattern. 6. The script generates short and long conditions based on the patterns. Short conditions trigger when the close price crosses below the neck level of a Head and Shoulders pattern, while long conditions trigger when the close price crosses above the neck level of an Inverted Head and Shoulders pattern. 7. It plots sell and buy signal shapes on the chart when the short and long conditions are met, respectively. 8. The script can also trigger alerts to notify the user when a valid Head and Shoulders or Inverted Head and Shoulders pattern is detected. 9. The script provides visual cues on the chart to help users identify potential trading opportunities. 10. The logic and parameters of the script can be modified by the user to customize the behavior and adapt it to different trading strategies. How Users Can Make Profit Using This Script: 1. Identify potential short-selling opportunities: When a valid Head and Shoulders pattern is detected and a short condition is met, it indicates a potential trend reversal. Traders can consider opening short positions to profit from a downward price movement. 2. Identify potential long-buying opportunities: When a valid Inverted Head and Shoulders pattern is detected and a long condition is met, it suggests a potential trend reversal. Traders can consider opening long positions to profit from an upward price movement. 3. Combine with additional analysis: Users can utilize this script as a tool in their overall trading strategy. They can combine the signals generated by the script with other technical indicators, fundamental analysis, or market sentiment to make more informed trading decisions. 4. Define appropriate entry and exit points: Traders can use the lines and labels plotted by the script to determine entry and exit points for their trades. For example, they may choose to enter a short position after the price crosses below the neck level and exit when the price reaches a predetermined target or when the pattern is invalidated. 5. Set risk management measures: It is important for users to implement proper risk management strategies when trading based on the script's signals. They should define stop-loss orders to limit potential losses if the trade goes against them and consider setting profit targets to secure profits when the trade moves in their favor.

Indicator

by protradingart

Pivot Pattern Boundaries [cajole] This script automatically detects horizontal support / resistance levels based on user-programmable criteria. For example, you can detect boundaries with >3 touches within 200 days, allowing a tolerance of 1/4*ATR. "Touches" are defined from pivots on the chart. The best way to search for larger/smaller patterns is to increase/decrease the pivot size.* Future versions will allow "exceptions (i.e. keep drawing the horizontal line even if it is breached once or twice). *PulseWire's Pine script defines a Pivot as the highest point in a group. So, entering "2" means that a day's high needs to be above 2 days before and after (xxYxx) to be considered a high pivot. This script can be an aid in drawing multiple patterns with horizontal boundaries (rectangles, triangles, head and shoulders, cup & handles, VCPs). I have intentionally avoided trying to code detection of the "other side" of these patterns, as that is where the craft of charting becomes an art.

Indicator

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