// This work is licensed under Creative Commons Attribution-NonCommercial-
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https://creativecommons.org/licenses/by-nc-sa/4.0/
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//@version=6
import Trendoscope/utils/1 as ut
import Trendoscope/ohlc/3 as o
import Trendoscope/LineWrapper/2 as wr
import Trendoscope/ZigzagLite/3 as zg
import Trendoscope/chartpatterns/10 as p
indicator('Flags and Pennants [Trendoscope®]', 'F&P [Trendoscope®]', overlay =
true, max_lines_count = 500, max_labels_count = 500, max_polylines_count = 100)
openSource = input.source(open, '', inline = 'cs', group = 'Source', display =
display.none)
highSource = input.source(high, '', inline = 'cs', group = 'Source', display =
display.none)
lowSource = input.source(low, '', inline = 'cs', group = 'Source', display =
display.none)
closeSource = input.source(close, '', inline = 'cs', group = 'Source', display =
display.none, tooltip = 'Source on which the zigzag and pattern calculation is
done')
useZigzag1 = input.bool(true, '', group = 'Zigzag', inline = 'z1', display =
display.none)
zigzagLength1 = input.int(3, step = 5, minval = 1, title = '', group = 'Zigzag',
inline = 'z1', display = display.none)
depth1 = input.int(144, '', step = 25, maxval = 500, group = 'Zigzag', inline =
'z1', display = display.none, tooltip = 'Enable and set Length and Dept of Zigzag
1')
useZigzag2 = input.bool(true, '', group = 'Zigzag', inline = 'z2', display =
display.none)
zigzagLength2 = input.int(5, step = 5, minval = 1, title = '', group = 'Zigzag',
inline = 'z2', display = display.none)
depth2 = input.int(89, '', step = 25, maxval = 500, group = 'Zigzag', inline =
'z2', display = display.none, tooltip = 'Enable and set Length and Dept of Zigzag
2')
useZigzag3 = input.bool(true, '', group = 'Zigzag', inline = 'z3', display =
display.none)
zigzagLength3 = input.int(8, step = 5, minval = 1, title = '', group = 'Zigzag',
inline = 'z3', display = display.none)
depth3 = input.int(55, '', step = 25, maxval = 500, group = 'Zigzag', inline =
'z3', display = display.none, tooltip = 'Enable and set Length and Dept of Zigzag
3')
useZigzag4 = input.bool(true, '', group = 'Zigzag', inline = 'z4', display =
display.none)
zigzagLength4 = input.int(13, step = 5, minval = 1, title = '', group = 'Zigzag',
inline = 'z4', display = display.none)
depth4 = input.int(34, '', step = 25, maxval = 500, group = 'Zigzag', inline =
'z4', display = display.none, tooltip = 'Enable and set Length and Dept of Zigzag
4')
errorThresold = input.float(20.0, 'Error Threshold', 0.0, 100, 5, 'Error Threshold
for trend line validation', group = 'Scanning', display = display.none)
flatThreshold = input.float(20.0, 'Flat Threshold', 0.0, 30, 5, 'Ratio threshold to
identify the slope of trend lines', group = 'Scanning', display = display.none)
flagRatio = input.float(0.618, 'Max Retracement', 0.1, 1.0, 0.05, 'Maximum
Retracement of ABC ratio', group = 'Scanning', display = display.none)
checkBarRatio = input.bool(false, 'Verify Bar Ratio ', 'Along with checking the
price, also verify if the bars are proportionately placed.', group = 'Scanning',
inline = 'br', display = display.none)
barRatioLimit = input.float(0.382, '', group = 'Scanning', display = display.none,
inline = 'br')
avoidOverlap = input.bool(true, 'Avoid Overlap', group = 'Scanning', inline = 'a',
display = display.none)
repaint = input.bool(false, 'Repaint', 'Avoid Overlap - Will not consider the
pattern if it starts before the end of an existing pattern\n\n' + 'Repaint - Allows
repainting patterns if the new coordinates are better match.', group = 'Scanning',
inline = 'a', display = display.none)
theme = input.enum(ut.Theme.DARK, title = 'Theme', group = 'Display', inline =
'pc', tooltip = 'Chart theme settings. Line and label colors are generted based on
the theme settings. If dark theme is selected, ' + 'lighter colors are used and if
light theme is selected, darker colors are used.\n\n' + 'Pattern Line width - to be
used for drawing pattern lines', display = display.none)
patternLineWidth = input.int(2, '', minval = 1, inline = 'pc', group = 'Display',
display = display.none)
showPatternLabel = input.bool(true, 'Pattern Label', inline = 'pl1', group =
'Display', display = display.none)
patternLabelSize = input.string(size.normal, '', [size.tiny, size.small,
size.normal, size.large, size.huge], inline = 'pl1', group = 'Display', display =
display.none, tooltip = 'Option to display Pattern Label and select the size')
showPivotLabels = input.bool(true, 'Pivot Labels ', inline = 'pl2', group =
'Display', display = display.none, tooltip = 'Option to display pivot labels and
select the size')
pivotLabelSize = input.string(size.normal, '', [size.tiny, size.small, size.normal,
size.large, size.huge], inline = 'pl2', group = 'Display', display = display.none)
showZigzag = input.bool(true, 'Zigzag', inline = 'z', group = 'Display', display =
display.none)
zigzagColor = input.color(color.blue, '', inline = 'z', group = 'Display', display
= display.none, tooltip = 'Option to display zigzag within pattern and the default
zigzag line color')
deleteOldPatterns = input.bool(true, 'Max Patterns', inline = 'do', group =
'Display', display = display.none)
maxPatterns = input.int(20, '', minval = 1, step = 5, inline = 'do', group =
'Display', display = display.none, tooltip = 'If selected, only last N patterns
will be preserved on the chart.')
limitBars = input.int(5000, 'Limit Bars', minval = 1000, maxval = 20000, step =
1000, tooltip = 'Limit the number of bars on which the indicator is run', group =
'Backtest')
errorRatio = errorThresold / 100
flatRatio = flatThreshold / 100
showLabel = true
offset = 0
type Scanner
bool enabled
string ticker
string timeframe
p.ScanProperties sProperties
p.DrawingProperties dProperties
array<p.Pattern> patterns
array<p.FNPPattern> fngPatterns
array<zg.Zigzag> zigzags
type ScanProperties
int offset = 0
float errorRatio = 0.2
float flatRatio = 0.2
float flagRatio = 0.5
bool checkBarRatio = true
float barRatioLimit = 0.382
bool avoidOverlap = true
bool repaint = false
array<color> themeColors
allowedPatterns = array.from(false, true, true, false, false, false, false, false,
false, true, true, true, true, true) //Uptrend Channel true, //Downtrend Channel
false, false, false, false, false, false, true, //Rising Wedge true, //Falling
Wedge true, //Converging Triangle true, //Falling Triangle true //Rising Triangle )
allowedLastPivotDirections = array.from(0, -1, 1, 0, 0, 0, 0, 0, 0, -1, 1, 0, 1, -
1) // Uptrend Channel making a bearish flag 1, // Downtrend Channel making a
bullish flag 0,0,0,0,0,0, -1, // Rising Wedge making bearish flag 1, //Falling
wedge making bullish flag 0, //Converging triangle making pennant 1, //Falling
Triangle making pennant -1 //Rising Triangle making pennant )
method checkForOverlap(array<p.FNPPattern> this, p.FNPPattern currentPattern) =>
overlap = false
for fngPattern in this
start = fngPattern.pivots.first().point.index
end = fngPattern.pivots.last().point.index
currentStart = currentPattern.pivots.first().point.index
currentEnd = currentPattern.pivots.last().point.index
if currentStart >= start and currentStart <= end or currentEnd >= start and
currentEnd <= end
overlap := true
break
overlap
method getZigzagAndPattern(Scanner this, int length, int depth, array<o.OHLC>
ohlcArray, int offset = 0) =>
var zg.Zigzag zigzag = zg.Zigzag.new(length, depth, 0)
var map<int, int> lastDBar = map.new<int, int>()
zigzag.calculate(array.from(highSource, lowSource))
var validPatterns = 0
mlzigzag = zigzag
if zigzag.flags.newPivot
while mlzigzag.zigzagPivots.size() >= 6 + offset
lastBar = mlzigzag.zigzagPivots.first().point.index
lastDir = int(math.sign(mlzigzag.zigzagPivots.first().dir))
if lastDBar.contains(mlzigzag.level) ? lastDBar.get(mlzigzag.level) <
lastBar : true
lastDBar.put(mlzigzag.level, lastBar)
[valid, currentPattern] =
mlzigzag.findPatternPlain(this.sProperties, this.dProperties, this.patterns,
ohlcArray)
if valid
this.patterns.push(currentPattern, maxPatterns * 2)
[validFlag, currentFNGPattern] =
mlzigzag.findFNP(currentPattern, this.sProperties)
overlap = avoidOverlap and validFlag ?
this.fngPatterns.checkForOverlap(currentFNGPattern) : false
if validFlag and not overlap
validPatterns := validPatterns + 1
this.fngPatterns.push(currentFNGPattern, maxPatterns)
currentFNGPattern.draw()
alert('New Pattern Alert : ' +
currentFNGPattern.patternName)
else
break
mlzigzag := mlzigzag.nextlevel()
mlzigzag
true
method scan(Scanner this) =>
var array<o.OHLC> ohlcArray = array.new<o.OHLC>()
var array<p.Pattern> patterns = array.new<p.Pattern>()
ohlcArray.push(o.OHLC.new(openSource, highSource, lowSource, closeSource))
if useZigzag1
this.getZigzagAndPattern(zigzagLength1, depth1, ohlcArray)
if useZigzag2
this.getZigzagAndPattern(zigzagLength2, depth2, ohlcArray)
if useZigzag3
this.getZigzagAndPattern(zigzagLength3, depth3, ohlcArray)
if useZigzag4
this.getZigzagAndPattern(zigzagLength4, depth4, ohlcArray)
if bar_index >= last_bar_index - limitBars
var scanner = Scanner.new(true, '', '',
p.ScanProperties.new(offset, 5, errorRatio, flatRatio, flagRatio,
checkBarRatio,
barRatioLimit, avoidOverlap, repaint, allowedPatterns
= allowedPatterns,
allowedLastPivotDirections =
allowedLastPivotDirections, themeColors = theme.getColors()),
p.DrawingProperties.new(patternLineWidth, showZigzag, 1, zigzagColor,
showPatternLabel, patternLabelSize, showPivotLabels,
pivotLabelSize, deleteOnPop = deleteOldPatterns),
array.new<p.Pattern>(), array.new<p.FNPPattern>())
scanner.scan()
