[EmreKb] Custom Pattern

Nov 17

Custom Pattern

With this indicator, you can create and display as many patterns as you want on the chart. The indicator works by taking two inputs. We can start the explanation by describing these inputs.

Inputs

1. Zigzag Length: Length for zigzag legs.
   
2. Patternscript Code: Patternscript code. (But what is patternscript?)
   

Explanation Of Patternscript

Patternscript (it's a completely fictional script language) is a scripting language that allows you to write your own patterns, and it operates within Pinescript). Let's take a look at the syntax of this language.

Pine Script®

This means that the Fibonacci levels drawn from the from_point to the to_point must have the target_point between the min_fib_level and max_fib_level.

Let's see a few practical examples.

Patternscript Code For ABCD Pattern

Pine Script®

ABC(0.618, 0.886): Fibonacci drawn from the A to B, must have the C between the 0.618 and 0.886
BCD(1.272, 1.618): Fibonacci drawn from the B to C, must have the D between the 1.272 and 1.618

Patternscript Code For Multiple Pattern

Pine Script®

Notes:

• You can set the pattern name as you like, this is not related to the pattern rules.
  
• There is no limit for pattern count, but remember pine limits.
  

Nov 22

Release Notes

Changed default values of inputs.