This indicator combines Centered Triangular Moving Average (TMA) bands offset by Average True Range (ATR) with Smart Money Concepts (SMC) market structure analysis on the price chart. It calculates upper, center, and lower bands alongside swing and internal ma
Indicator · Pine Script v5 · On the chart
BTMM M&W Pattern Detection
This indicator detects bearish M and bullish W chart formations on the price chart based on Steve Mauro's Beat The Market Maker (BTMM) methodology.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code733
Settings23inputs
LicenceNone stated
Last update1 year ago10 Jul 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
BTMM M&W Pattern Detection emphasizes second-leg entries confirmed by a clean close across the 13 EMA, volume filters, and minimum ATR pattern heights. The script renders pattern structure lines, entry zones, and identifying labels directly over candles, alongside early entry patterns including flags, pennants, and channels. Users can configure pattern lookback, percentage tolerance, visual elements, and alerts for formation, confirmation, or second-leg execution.
- M and W pattern detection
- Second leg entry focus
- 13 EMA close confirmation
- Volume and ATR height filtering
- Early entry chart pattern identification
Details
Published by
jcortes254 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance, Moving averages
Markets
Forex
Timeframes
M1-M5, M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable M Patterns (Bearish) | bool | true | enable_m_patterns |
| Enable W Patterns (Bullish) | bool | true | enable_w_patterns |
| Second Leg Focus (Steve Mauro) | bool | true | enable_second_leg_only |
| Pattern Detection Lookback | int | 15 | pattern_lookback |
| Pattern Tolerance % | float | 0.002 | pattern_tolerance |
| Simple 13 EMA Close Confirmation | bool | true | simple_ema_confirmation |
| Require Volume Confirmation | bool | true | require_volume_confirmation |
| Minimum Pattern Height (ATR) | float | 0.5 | min_pattern_height |
| Show Pattern Labels | bool | true | show_pattern_labels |
| Show Entry Zones | bool | true | show_entry_zones |
| Show Pattern Structure Lines | bool | true | show_pattern_structure |
| Label Size | string | normal | label_size_setting |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pattern Line Width | int | 2 | pattern_line_width |
| Pattern Formation Alerts | bool | true | enable_pattern_alerts |
| Second Leg Entry Alerts | bool | true | enable_second_leg_alerts |
| Pattern Confirmation Alerts | bool | true | enable_confirmation_alerts |
| Alert Frequency | string | once_per_bar | alert_frequency |
| Enable Early Entry Patterns | bool | true | enable_early_entries |
| Flag Patterns | bool | true | enable_flag_patterns |
| Pennant Patterns | bool | true | enable_pennant_patterns |
| Rectangle/Channel Patterns | bool | true | enable_rectangle_patterns |
| Triangle Patterns | bool | true | enable_triangle_patterns |
| Early Entry Pattern Bars | int | 8 | early_entry_bars |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
Similar Pine Scripts
This overlay indicator classifies market structure with an ATR-based ZigZag that marks higher highs, higher lows, lower highs, and lower lows. A state machine plots buy and sell labels on the confirmation bar, not on the earlier pivot, and by default waits for
This overlay indicator plots three exponential moving averages on the price chart and marks imbalance zones with boxes. Each EMA has its own length, color, and visibility toggle, with defaults of 10, 50, and 200. Fair value gaps are detected across three bars
This indicator computes the Watchtower Axis as a 257-period weighted moving average of closing prices to establish the main trend baseline. It defines volatility gates using the highest high and lowest low over 463 periods, along with a 377-period exponential
This indicator identifies Smart Money Concepts structure alongside a four-line moving average ribbon on the price chart. It detects swing highs and lows across a user-defined lookback period, generating price action labels such as higher highs, lower highs, hi
This indicator visualises multiple smart money concepts and technical analysis modules directly on the price chart. It plots trend EMAs, VWAP bands with standard deviations, market structure breaks and changes of character, Fair Value Gaps, Order Blocks, suppl
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers