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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The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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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!
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!
Mupsje
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Nice code indeed good for beginners to see PA, but as a coder I personally don't like the 20 bars back :)
tvphigroup
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Is there a way in which it can detect easily? It detects only a couple of rh in 5 years for most cryptos