Triangle Patterns: Free TradingView Indicator (Pine Script)

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

The slope can be calculated with ATR, standard deviation or linear regression, scaled by a slope multiplier, and breakouts through the lines are flagged and available as alerts. A second part adds zigzag-style reversal lines with deviation and depth settings plus price and level labels. Pivots are confirmed late and plotted back in time, so drawings can change as new pivots form.

Pivot-based sloping trendlines
ATR, Stdev or Linreg slope methods
Breakout alerts
Zigzag reversal lines with level labels

Details

Published by

atroopa on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)

File

Triangle Pattern.txt

Repository

github.com/atroopa/dart_oop

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
length	`int`	`14`	`length`
Slope	`float`	`1.`	`k`
Slope Calculation Method	`string`	`Atr`	`method`
Show Only Confirmed Breakouts	`bool`	`false`	`show`
Deviation	`float`	`3`	`threshold_multiplier`
Depth	`int`	`10`	`depth`
Reverse	`bool`	`false`	`reverse`
Extend Left \| Extend Right	`bool`	`false`	`extendLeft`
extendRight	`bool`	`true`	`extendRight`
Show Prices	`bool`	`true`	`prices`
Show Levels	`bool`	`true`	`levels`
levelsFormat	`string`	`Values`	`levelsFormat`

Show all 40 settings

Setting	Type	Default	Variable
Labels Position	`string`	`Left`	`labelsPosition`
Background Transparency	`int`	`85`	`backgroundTransparency`
show_0	`bool`	`true`	`show_0`
value_0	`int`	`0`	`value_0`
color_0	`color`	`#787b86`	`color_0`
show_0_236	`bool`	`true`	`show_0_236`
value_0_236	`float`	`0.236`	`value_0_236`
color_0_236	`color`	`#f44336`	`color_0_236`
show_0_382	`bool`	`true`	`show_0_382`
value_0_382	`float`	`0.382`	`value_0_382`
color_0_382	`color`	`#81c784`	`color_0_382`
show_0_5	`bool`	`true`	`show_0_5`
value_0_5	`float`	`0.5`	`value_0_5`
color_0_5	`color`	`#4caf50`	`color_0_5`
show_0_618	`bool`	`true`	`show_0_618`
value_0_618	`float`	`0.618`	`value_0_618`
color_0_618	`color`	`#009688`	`color_0_618`
show_0_65	`bool`	`false`	`show_0_65`
value_0_65	`float`	`0.65`	`value_0_65`
color_0_65	`color`	`#009688`	`color_0_65`
show_0_786	`bool`	`true`	`show_0_786`
value_0_786	`float`	`0.786`	`value_0_786`
color_0_786	`color`	`#64b5f6`	`color_0_786`
show_1	`bool`	`true`	`show_1`
value_1	`int`	`1`	`value_1`
color_1	`color`	`#787b86`	`color_1`
show_1_272	`bool`	`false`	`show_1_272`
value_1_272	`float`	`1.272`	`value_1_272`

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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