OPEN-SOURCE SCRIPT
Triangle Pattern Detector
Triangle Pattern Detector
Core Logic Breakdown
Ascending Triangle: Horizontal resistance (top) and rising support (bottom). Overlay appears in blue.
Descending Triangle: Horizontal support (bottom) and falling resistance (top). Overlay appears in red.
Overlays: Draw triangle shapes on the price chart, matching common trading definitions (one horizontal leg).
Core Logic Breakdown
Ascending Triangle: Horizontal resistance (top) and rising support (bottom). Overlay appears in blue.
Descending Triangle: Horizontal support (bottom) and falling resistance (top). Overlay appears in red.
Overlays: Draw triangle shapes on the price chart, matching common trading definitions (one horizontal leg).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.