I have a " simple " question,
and that is ..... an Indicator that will send an Alert , as soon as a wedge pattern occurs at a Major support / resistance zone
A support / resistance zone would be classified as ..... at minimum, a second test of one of these areas ( price levels ) , I.E. a double bottom/top.
As well as a third test , a triple bottom/top
A fourth test, a quadruple bottom/top, etc. etc.
As soon as one of these structural " Bottoms/Tops " is FORMED , the next thing would be in defining the " Trigger " point.
I define the Trigger point based off of Price Action, and mainly in the form of a Candlestick
For an Entry for going Long a trade ..... The CLOSE of a Trigger candle , would be a Solid and Tall bodied Green candle OR a Hammer candlestick ( Long lower body )
And vice versa for a trigger to take a Short entry
I am by no means a programmer or coder,
and I really appreciate anyone who can shed some light as to .....
1. if an Indicator already exists
2. How hard this would be to code and generate
3. If there's someone who has had a similar Indicator already coded for them , and a coder/developer they recommend
Thanks so much,
I really appreciate any help and insight
I have attached a few screenshots, showing the Wedge patterns I am hoping to have a strategy developed around
Thanks much - Michael
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