MACD H&S Breakout Scanner

16 時間前

MACD H&S Breakout Scanner (FX24HR HSB)

This tool automatically scans any market and timeframe for high‑probability Head & Shoulders (H&S) and Inverse Head & Shoulders (IH&S) reversal patterns, filtered by MACD momentum.

This indicator detects structural H&S / IH&S patterns using pivot logic with adjustable sensitivity.

Draws a dynamic neckline connecting the key swing lows/highs of the pattern.

Uses MACD (12/26/9) to verify momentum exhaustion:

Bearish H&S: LS & Head form with MACD above zero, right shoulder forms as MACD loses strength and moves toward/through the zero line.

Bullish IH&S: LS & Head form with MACD below zero, right shoulder forms with MACD already at/above zero, confirming a bullish shift.

Highlights the full pattern path (LS → Head → RS) and neckline, giving a clean visual map for manual entries, alerts, or further confluence (RSI, volume, S/R, etc.).

Supports multi‑timeframe context: you can optionally project higher‑timeframe patterns onto your trading chart for better top‑down analysis.

This is an indicator, not an auto‑strategy. It is designed to help traders:

Quickly spot quality reversal structures.

Filter out weak patterns where MACD does not confirm exhaustion/shift.

Build their own entry/exit rules around neckline breaks, retests, and other confirmation tools.

Best used on 15m–4H for FX, indices, gold, and crypto, but it works on any symbol and timeframe.

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Disclaimer
This script is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Past performance of any strategy or indicator does not guarantee future results. Trading involves substantial risk and may not be suitable for all investors. You are solely responsible for your own trading decisions and for managing your risk at all times. Always do your own research and, if necessary, consult a licensed financial advisor before trading.

16 時間前

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