Broadening Formation is a powerful technical analysis tool that is characterized by two converging trendlines that widen over time. This pattern typically signals a period of volatility and uncertainty in the market and can indicate a potential reversal in trend direction.
This script uses advanced algorithms to automatically detect and plot broadening formations on your chart, making it easy to identify these patterns and potentially profit from them, all while saving you time from drawing them yourself. With customizable settings, this indicator is a must-have tool for any trader looking to take advantage of this powerful chart pattern.
Features:
● Automatically detects and plots broadening formations on any chart within TradingView
● Customizable settings for greater flexibility and control
● Choose to draw your broadening formation from the outside bar to the "Previous Candle" or "Compound Candle" aka to the previous lowest/highest candle within the outside bar.
● Clear visual display of broadening formations and easy identification
● Compatible with all markets and timeframes, from stocks and forex to cryptocurrencies and commodities
● Designed for both novice and experienced traders, with user-friendly interface and comprehensive documentation
● By default, the year will look back 75 years, the quarter will look back 20 years, the month will look back 7 years, the week will look back 3 years, and the day will look back 90 days. However, you now have the ability to change these at your will.
● Added the ability to enable Broadening Formations on the 6 Month, 2 Month, 2 Week, and 2 Day charts.
● ALERTS! Receive timely notifications when the price breaches or activates a broadening formation.
All Timeframes available:
● Year
● 6 Month
● Quarter
● 2 Month
● Month
● 2 Week
● Week
● 2 Day
● Day
https://tinyurl.com/2zyrspvx
Predicting future outcomes is impossible. Nobody knows what the future will bring. With this Broadening Formation Indicator, you will have the edge you need to identify potentially profitable trading opportunities and make more informed decisions in the markets.
Regards,
Tren10x
Disclaimer: It is essential to note that returns on investments are not guaranteed, and investors should exercise prudence in conducting thorough due diligence before making any investment decisions
I would like to express my gratitude to my wife for her meticulous testing and insightful contributions throughout the course of this project. Additionally, I extend my appreciation to the esteemed Alpha Pack Group, whose exceptional acumen and investment expertise have been instrumental in the success of this endeavor.
This script uses advanced algorithms to automatically detect and plot broadening formations on your chart, making it easy to identify these patterns and potentially profit from them, all while saving you time from drawing them yourself. With customizable settings, this indicator is a must-have tool for any trader looking to take advantage of this powerful chart pattern.
Features:
● Automatically detects and plots broadening formations on any chart within TradingView
● Customizable settings for greater flexibility and control
● Choose to draw your broadening formation from the outside bar to the "Previous Candle" or "Compound Candle" aka to the previous lowest/highest candle within the outside bar.
● Clear visual display of broadening formations and easy identification
● Compatible with all markets and timeframes, from stocks and forex to cryptocurrencies and commodities
● Designed for both novice and experienced traders, with user-friendly interface and comprehensive documentation
● By default, the year will look back 75 years, the quarter will look back 20 years, the month will look back 7 years, the week will look back 3 years, and the day will look back 90 days. However, you now have the ability to change these at your will.
● Added the ability to enable Broadening Formations on the 6 Month, 2 Month, 2 Week, and 2 Day charts.
● ALERTS! Receive timely notifications when the price breaches or activates a broadening formation.
All Timeframes available:
● Year
● 6 Month
● Quarter
● 2 Month
● Month
● 2 Week
● Week
● 2 Day
● Day
https://tinyurl.com/2zyrspvx
Predicting future outcomes is impossible. Nobody knows what the future will bring. With this Broadening Formation Indicator, you will have the edge you need to identify potentially profitable trading opportunities and make more informed decisions in the markets.
Regards,
Tren10x
Disclaimer: It is essential to note that returns on investments are not guaranteed, and investors should exercise prudence in conducting thorough due diligence before making any investment decisions
I would like to express my gratitude to my wife for her meticulous testing and insightful contributions throughout the course of this project. Additionally, I extend my appreciation to the esteemed Alpha Pack Group, whose exceptional acumen and investment expertise have been instrumental in the success of this endeavor.
הערות שחרור:
Fixed Alerts.
הערות שחרור:
◍ Added the option to select BOTH 'Compound Candle' and 'Previous Candle' dubbed the "Combo Pack". The more BF's visible, the more of the story visible to you.
◍ Added the option to change the width of each timeframe broadening formation.
◍ Added the option to change the style of each timeframe broadening formation. (Solid, Dashed, Dotted)
◍ Added the option to change the width of each timeframe broadening formation.
◍ Added the option to change the style of each timeframe broadening formation. (Solid, Dashed, Dotted)
הערות שחרור:
Cleaned up & organized the indicator settings.
הערות שחרור:
Read the Extrapolate Tooltip in the Indicator Settings for more information on how this feature works!
הערות שחרור:
To ensure the proper functioning of the "Combo Pack" and to avoid study errors on certain tickers and timeframes, I have implemented a cap limit on the daily and 2-day BF lookback values. This is due to the limitations of Tradingview.
הערות שחרור:
Removed "Combo Pack" until it is more mature. If you want the combo, current workaround is to add the script twice.
הערות שחרור:
Disabled Extrapolate by default. Read Tooltip for more information
Modified Lookback Days/Week for compatibility. Read ToolTip for more information.
Modified Lookback Days/Week for compatibility. Read ToolTip for more information.
הערות שחרור:
Hope you find this script convenient and valuable to you! Enjoy.
הערות שחרור:
Minor update so everything is fine tuned.
הערות שחרור:
A modification has been made to disable a particular feature on the daily timeframe, resulting in more precise alignment with BF
הערות שחרור:
Cleanup unneccessary code.
הערות שחרור:
Fixed a rare instance where compound candle trendlines were connecting to the wrong candle.
Implemented adjustments to enhance the overall reliability of trendline connections.
Implemented adjustments to enhance the overall reliability of trendline connections.
הערות שחרור:
CHANGELOG
● Combo Candles are back! (Compound and Previous Candles Combined)
● Combo Candles works on ALL tickers. (SPX will have it's own scripted lookback values due to the historical data of SPX)
● Readjusted the default values for compatibility on all tickers out of the box. I recommend keeping the default values but you can adjust to your liking
● Fixed Extrapolate not properly loading all bf's on the daily timeframe. Now it will load all BF's beyond the visible chart.
● Added customizable strat candle numbers
● Removed 2Day BF
● Misc code cleanup
● Combo Candles are back! (Compound and Previous Candles Combined)
● Combo Candles works on ALL tickers. (SPX will have it's own scripted lookback values due to the historical data of SPX)
● Readjusted the default values for compatibility on all tickers out of the box. I recommend keeping the default values but you can adjust to your liking
● Fixed Extrapolate not properly loading all bf's on the daily timeframe. Now it will load all BF's beyond the visible chart.
● Added customizable strat candle numbers
● Removed 2Day BF
● Misc code cleanup
הערות שחרור:
● Re-introduced 2-day BF's while preserving AutoBF's functionality.
● Employed modifiers for both SPX and KO to ensure compatibility.
● Refined SPX/KO modifiers to prevent scanning/showing BF's when not needed.
● Implemented miscellaneous fixes to enhance overall performance.
● My default values for each BF have been included in their respective tooltips to provide helpful guidance. Please refer to all the tooltips for more information.
● Enjoy your journey!
● Employed modifiers for both SPX and KO to ensure compatibility.
● Refined SPX/KO modifiers to prevent scanning/showing BF's when not needed.
● Implemented miscellaneous fixes to enhance overall performance.
● My default values for each BF have been included in their respective tooltips to provide helpful guidance. Please refer to all the tooltips for more information.
● Enjoy your journey!
הערות שחרור:
● Cleaned up modifiers
● Enjoy your journey!
● Enjoy your journey!
הערות שחרור:
● Fixed daily BF's limited to default 10 days on daily chart (compound/previous). Combo option unaffected.
הערות שחרור:
Changelog:
● Now offers customization of compound bar settings. You can select the scan's bar count, improving compound broadening formation identification.
● Adjusted daily and 2-day lookback intervals to scan in weeks rather than days.
● Fixed daily BF's when extrapolate is enabled (Hopefully this fixes how BF's are displayed when connected to outside bars; trying to workaround TradingView limitations)
Expect occasional yet impactful updates for AutoBF as I strive to continuously enhance our trading experiences. Your benefits from these updates will be significant.
● Now offers customization of compound bar settings. You can select the scan's bar count, improving compound broadening formation identification.
● Adjusted daily and 2-day lookback intervals to scan in weeks rather than days.
● Fixed daily BF's when extrapolate is enabled (Hopefully this fixes how BF's are displayed when connected to outside bars; trying to workaround TradingView limitations)
Expect occasional yet impactful updates for AutoBF as I strive to continuously enhance our trading experiences. Your benefits from these updates will be significant.
הערות שחרור:
Daily BF's Extrapolate fix removed for now.
הערות שחרור:
● Fixed daily BF's when extrapolate is enabled (Hopefully this fixes how BF's are displayed when connected to outside bars; trying to workaround TradingView limitations)
Fixed the critical bug that prevented the above fix from displaying BF's on select timeframes.
Fixed the critical bug that prevented the above fix from displaying BF's on select timeframes.
הערות שחרור:
Changelog:
● Implemented several bug fixes related to extrapolation on the daily chart and daily broadening formations. These fixes effectively address and bypass the existing limitations within the TradingView platform
I've been working on fixing these small nuances and adding these features for a while now and I needed it to work to perfection before release. These changes should make your experience a lot smoother!
I appreciate your continued support and feedback.
● Implemented several bug fixes related to extrapolation on the daily chart and daily broadening formations. These fixes effectively address and bypass the existing limitations within the TradingView platform
I've been working on fixing these small nuances and adding these features for a while now and I needed it to work to perfection before release. These changes should make your experience a lot smoother!
I appreciate your continued support and feedback.