ThiagoSchmitz

123 Trend Continuation Pattern

This simple indicator will help identify the 123 Patterns on the charts. It's build based on the zigzag indicator , which will work as a guideline to identify the 3 points. As soon as the price crosses the third point, the indicator will draw 3 lines: entry, take profit, and stop loss. Those lines will work as a reference and may help with other indicators. This kind of analysis will work on any time frame and symbol, but those markets that have high volatility may have better result
Remove from Favorite Scripts Add to Favorite Scripts

Comments

Hi, how do you fix it in a way that it wouldn't draw the entry with the first leg?It does it at times, which is incorrect.
Reply
ThiagoSchmitz OutsourcE
@OutsourcE, can you tell me the market and price date where this happens?
Reply
OutsourcE ThiagoSchmitz
@ThiagoSchmitz, eurusd,4H, June 22,for e.g.No point 3 ,just 1-2 and breaking for a long.It happens on different instruments every now and then too.
Reply
Sorry to say but at most of the places its showing wrong buy n sell symbols. .. I have tried in trend market too.. for Indian markets.
Reply
ThiagoSchmitz shreeservices
@shreeservices, it is not mean to be an indicator to follow blindly. It's a support indicator, maybe as an entry indicator or confirmation, but not a full algorythm for trading
Reply
Great
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out