The McDonald's Pattern indicator detects specific price patterns on the chart by finding top and bottom points using highest and lowest values over a user-defined length.
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
McDonald's Pattern [LuxAlgo] plots fries above top points and hamburgers below bottom points, then connects selected points with smooth lines created through cubic interpolation. Colored areas fill the range between minimum and maximum values, while a McDonald's score quantifies pattern strength based on deviation from center. Users can adjust length, line colors and widths, area display, and score visibility. All elements plot directly on the price chart. It repaints the visual elements on every bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
length
int
30
length
Use First Bar As Vertex
bool
true
from_start
Shape Color
color
#FFC72C
css
Width
int
2
min_width
max_width
int
30
max_width
Area
bool
true
colored_area
css_dn
color
#DA291C
css_dn
css_up
color
#0cb51a
css_up
McDonald's Score
bool
true
show_score
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.
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