Pattern Recognition Signals | ProjectSyndicatePattern Recognition Signals automatically identifies and validates high-probability, non-repainting Double Top and Double Bottom patterns. It filters for structural quality, calculates adaptive take-profit and stop-loss zones based on Average Daily Range (ADR), and presents a complete statistical breakdown on a non-intrusive dashboard to provide a quantifiable edge.
🧠 NRP Multi-Wave Detection — identifies classic Double (W/M) and Triple (W/M) patterns using a non-repainting pivot engine, ensuring signals are confirmed and stable.
🎯 ADR-Adaptive TP/SL Zones — automatically calculates and plots TP1, TP2, and SL zones based on a percentage of the 10-day ADR, allowing the strategy to dynamically adapt to any asset's volatility.
🎨 Direction-Matched Colors — Bullish pattern labels are colored green to match the TP zones, and Bearish labels are colored red to match the SL zone, providing instant visual confirmation of trade direction.
📊 Full Performance Dashboard — provides a complete statistical overview, including the real-time ADR10 value, total signals, win rates for TP1/TP2, and a log of the last 10 trade outcomes.
✅ Advanced Quality Control Filters — user-configurable inputs for Max Pattern Bars, Max Pattern Height (% of ADR10), and Min Bars Between Signals eliminate low-quality or excessively large patterns and prevent over-signaling.
🔔 Comprehensive Alerts — get a single, detailed alert per signal—including the symbol, timeframe, entry price, SL, TP1, and TP2—formatted for easy integration with automated trading systems.
🔧 Fully Customizable — control everything from pivot lengths and pattern quality filters to the colors and extension of all zones, labels, and dashboard elements.
🎯 Why this algo is unique: Standard ZigZag and pattern indicators are notorious for repainting and providing subjective signals with no statistical backing. This algorithm provides an objective, fully-gated, non-repainting signal engine. It doesn’t just draw a pattern; it builds a complete, quantifiable trading framework around it with adaptive risk management (ADR-based zones) and a dashboard to prove its historical performance on the chart you are trading.
🚀 Apply to Gold (XAUUSD), Forex, Crypto, and Indices on any M5/M10/M15/M30/H1. The ADR-based system and extensive quality filters allow it to adapt to anything from M5 scalping to H4 swing trading.
🎯 How to use this? Use the dashboard to understand the strategy's recent performance on the current asset/timeframe. Adjust the TP/SL and pattern filter percentages to match your risk tolerance. Consider taking trades that align with the higher-timeframe trend for higher probability setups.
⚠️ IMPORTANT NOTICE: This indicator is designed to identify statistically-backed pattern signals. It should NOT be used as a standalone signal for entering trades. Always use it in conjunction with your own trading strategy, price action analysis, and other technical indicators to confirm trade setups and manage risk.
אינדיקטור Pine Script®






















