Cup & Handle

fikira Wizard アップデート済   
Hi, here is my take on 'Cup & Handle'

Pivot Points - ph  (highest points in a certain period) are stored in an array

When there is a new ph , previous ph's are compared to the latest one.
A temporary test line is drawn between these 2 points.
The script checks if a close (between these 2 points) doesn't break above this test line.
(test line is deleted afterwards)

If it doesn't, and the '% max breaks' are not breached, 2 circle shaped lines are drawn
(Top & Bottom line of the cup) which forms the Cup, together with the Handle.
The red box (Handle) is the maximum 33-50% retracement (% of cup height)

-> Only the latest pattern is shown, enabling 'Show Cup labels' shows the position of cup patterns in history.
They can be visualised by using 'Bar Replay'

'% max breaks' -> 'maximum highs/lows breaking through the Top/Bottom line
(% of bars between left & right extreme points of the Cup)

- 'Left', 'Right' -> regulates Pivot Point values
- 'PP back' -> max lookback for Pivot High

More explanation can be found in following print screens,
or by checking the tooltips in the settings

Adjusted '% angle' calculation
-> Now the maximum difference between the 2 Top points of the Cup is a % of the total height of the Cup

- We cannot control our emotions,
but we can control our keyboard -

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。