WedgePro falling and rising wedge patterns

WEDGEPRO - Rising and Falling Wedge Pattern Detector 


WEDGEPRO is a powerfull technical analysis indicator designed to automatically detect Rising Wedge and Falling Wedge chart patterns. 

The indicator works effectively across different trading instruments, helping traders identify potential market reversal and breakout opportunities.


Key Features

- Automatic detection of Rising Wedge patterns.
- Automatic detection of Falling Wedge patterns.
- Works with different trading instruments.
- Flexible pattern detection settings.
- Customizable pivot and pattern parameters.

Indicator Settings

WEDGEPRO provides a wide range of customizable parameters:

- Bars for Pattern Detection – Defines the number of bars used to search for patterns.
- Pivot Depth – Controls pivot point detection sensitivity.
- Minimum Pattern Bars (P1–P4) – Sets the minimum number of bars required between the first and fourth pattern points.
- Maximum Pattern Bars (P1–P4) – Sets the maximum number of bars allowed between the first and fourth pattern points.
- Minimum Bars Between Points – Defines the minimum distance between individual pivot points.
- Minimum Right-Side Convergence (%) – Sets the minimum narrowing percentage at the right edge of the wedge.
- Maximum Right-Side Convergence (%) – Sets the maximum narrowing percentage at the right edge of the wedge.

These settings allow traders to fine-tune pattern detection according to their trading strategy and preferred market conditions.
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Dmitri Speranski
Trend Forex Trade Robot - looks for a trade line, draws it, follows it for a certain amount of time, if prices break through the line, opens a short position, calculates the take profit itself and sets a stop loss according to a given algorithm. Our team, which has professional traders with more than 10 years of experience in trading, has been monitoring currency pairs, cryptocurrencies charts for many years, collecting data, analyzing, and calculating the optimal algorithm. And so we made a rob
The "Price and Volume Breakout Indicator" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks.  Ideal for Bitcoin BTCUSD / Ethereum ETHUSD This strategy is optimized for assets demonstrating high volatility and significant momentum spikes.  HOW IT WORKS The strategy first takes the specific number of candlesticks as the examination window for both price and volume.  These values are used benchm
Follow Line Indicator is a common MT5 FX indicator based on trend following. Ideal for Bitcoin BTCUSD / Ethereum ETHUSD The main idea behind the calculation is volatility: - Indicator Line increases as price goes above Bollinger Band but with 1 standard deviation. - Likewise when price moves below the lower Bollinger Band with 1 standard deviation, Follow Line decreases down.  - As you can imagine, indicator stays as a flat line when prive moves between the bands. There are two critical setti
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