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short explanation about wedge pattern indicator.(I'm not good at English, but I'll write this.)
Explain about the logic ,step by step:
- plot the high & low point , trend line
- the points inside 0.5 Standard deviation ignore. [fig 1]
- calculation of the distance between trend line and points . then ranking these. [fig 2]
- at the 1st point ,calculating slope from each points. and calculating deviation of slope angle.
- the slope angle outside 1.2 Standard deviation ignore.
- choose the most outside line from those remaining. [fig 3]
- if not found does calculation at 2nd points
[fig 1]
[fig 2]
[fig 3]
Thanks for reading.