OPEN-SOURCE SCRIPT
WM & HS Radar (Block-Free)
The W/M + H&S Radar automatically scans for double-top/double-bottom (M and W) and head-and-shoulders style reversal structures across any timeframe.
How it works:
Detects repeating pivot formations that resemble W (double bottom) or M (double top) structures.
Draws neckline levels for each pattern and highlights potential breakout points.
Confirms breakout validity when price closes beyond the neckline (optionally requiring a 1.2× volume surge).
Generates alerts when a valid W Long or M Short trigger occurs.
Best used on: 15m, 1h, or 4h charts to identify medium-term reversal entries.
Recommended companion: Orion Daily HL + Volume indicator for higher-timeframe context.
Alert Options:
“W Long Trigger” → Bullish reversal breakout.
“M Short Trigger” → Bearish reversal breakout.
Usage Tip:
Combine with your support/resistance zones and ATR-based stop sizing from your Money Momentum Tracker to validate A-setups only.
How it works:
Detects repeating pivot formations that resemble W (double bottom) or M (double top) structures.
Draws neckline levels for each pattern and highlights potential breakout points.
Confirms breakout validity when price closes beyond the neckline (optionally requiring a 1.2× volume surge).
Generates alerts when a valid W Long or M Short trigger occurs.
Best used on: 15m, 1h, or 4h charts to identify medium-term reversal entries.
Recommended companion: Orion Daily HL + Volume indicator for higher-timeframe context.
Alert Options:
“W Long Trigger” → Bullish reversal breakout.
“M Short Trigger” → Bearish reversal breakout.
Usage Tip:
Combine with your support/resistance zones and ATR-based stop sizing from your Money Momentum Tracker to validate A-setups only.
Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.