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Chartpatternsignal

Chart pattern - Head and ShouldersThis script identifies the Head and Shoulders chart pattern as well as the reversed Head and Shoulders chart pattern. It has many settings. For example, you can choose by what points you want to identify patterns - along the edges of wicks (tails, shadows), or along the edges of candle bodies . In addition, there are several settings with which you can determine the parameters of the detected patterns - the length and ratio of the lines included in it. The "Sensitivity" parameter will allow you to control the frequency of detected patterns , depending on whether you want the patterns to be detected more often, or if they cover a larger number of candles and thus be more reliable. You can also customize your styles. All key settings are accompanied by tooltips.
Pine Script® indicator
by ZenFunds
Updated Jun 8, 2023
44

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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