PROTECTED SOURCE SCRIPT

PhalliC Phinder [theUltimator5]

306
This indicator finds phallic chart patterns and plots them on the chart.

It utilizes a zig-zag pattern finder to locate double bottom patterns, that meet a certain minimum threshold.

Double bottom patterns use a minimum of 4 points on a zig-zag pattern. When two of the points are both lower than the others by a significant margin and are of generally equal price to each other, then a double bottom pattern is identified.

Once a double bottom pattern is found, it plots shapes over double bottom to resemble a phallic shape, which projects the anticipated price action of the stock.

The line segment limit allows for up to two phallic patterns to be plotted over the chart (max line segment limit applies).

Users can modify the zig-zag length criteria and zig-zag multiplier to effectively find patterns on multiple timeframes.

Users can also modify a few of the visual characteristics of the plotted shapes, to fit their strategy.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。