Headandshouldersformation — Penunjuk dan Strategi

Head & Shoulders Pattern (Zeiierman)█ Overview The Head & Shoulders Pattern (Zeiierman) is an advanced pattern recognition tool that automatically detects and visualizes one of the most powerful reversal patterns in technical analysis — the classic Head & Shoulders and Inverse Head & Shoulders formations . This indicator brings structure clarity directly onto the price chart, allowing traders to instantly spot potential major reversal zones without manually drawing or searching for patterns. It doesn't just draw lines — it intelligently scans price action for symmetry, pivot behavior, and neckline structures — then projects realistic price targets based on the pattern's height. ⚪ In simple terms: ▸ Standard Head & Shoulders → Bearish Reversal Pattern ▸ Inverse Head & Shoulders → Bullish Reversal Pattern ▸ Target Projection → Estimated Move from Neckline Break ▸ Labels → Clear annotation of Left Shoulder, Head, and Right Shoulder █ How It Works The indicator combines multiple technical detection layers into a clean visual model: ⚪ Dynamic Pivot Engine Automatically detects pivot highs and lows based on user-defined Period. Longer Period = Broader, higher-confidence patterns Shorter Period = Smaller, more frequent patterns ⚪ Pattern Detection Logic Scans pivot structures in real-time to identify valid: Bearish Head & Shoulders (H&S) Bullish Inverse Head & Shoulders (iH&S) Conditions include: ▸ Symmetry validation ▸ Head above (or below) Shoulders ▸ Neckline structure ▸ Minimum price conditions met █ How to Use ⚪ Reversal Trading Look for Head & Shoulders at the top of an uptrend Look for Inverse Head & Shoulders at the bottom of a downtrend ⚪ What makes our tool truly unique is that it goes beyond the traditional textbook definition. Our custom Head & Shoulders algorithm is built with flexibility and adaptability in mind. It dynamically responds to real-time price action, allowing it to detect valid patterns not only at major trend reversals — but also within trending environments. That means you can spot Head & Shoulders formations at: Consolidation zones Trend continuation areas Corrective phases within established trends It doesn’t have to be the absolute top or bottom of a move — and that’s the real power of this tool. It adapts. It evolves. It finds structure where most indicators stay blind. █ Common Real-World Stop Loss Strategies with Head & Shoulders Patterns Not all Head & Shoulders patterns are created equal — and neither are the stop loss strategies used to trade them. Depending on your trading style, risk tolerance, and market context — here are the 3 most common ways traders manage stop placement when trading Head & Shoulders (H&S) or Inverse Head & Shoulders (iH&S) patterns: ⚪ Conservative Stop Placement Maximum Safety — Minimum Chance of Being Stopped Prematurely Stop Placement: Above the Head (Bearish H&S) Below the Head (Bullish iH&S) Pros: Safest approach. Provides maximum protection against false breakouts and noise. Cons: Often results in very large stop losses, especially on bigger patterns or higher timeframes. Risk-to-Reward (RR) can be poor unless the target is far. ⚪ Aggressive Stop Placement Tighter Risk — Faster Invalidations Stop Placement: Above the Right Shoulder (Bearish H&S) Below the Right Shoulder (Bullish iH&S) Pros: Smaller stop losses. Improved RR. Ideal for traders who want tighter control over risk. Cons: Higher chance of getting stopped on retests or minor volatility around the neckline zone. ⚪ Neckline Reclaim Invalidation Dynamic & Price-Action Based Exit Stop Placement: Exit the trade if price closes back above (bearish) or below (bullish) the neckline after breaking it. Pros: Dynamic approach based on market behavior rather than static levels. Allows more flexibility. Cons: Requires active trade management. Not suitable for fully automated or set-and-forget trading styles. █ Why It's Useful This is not a basic pattern drawing tool — it's a complete detection system built for traders who want to: Automatically detect powerful reversal patterns Avoid the subjectivity of manually drawing H&S structures Trade with clear target projections Identify high-probability reversal zones Visually map structure shifts in real-time █ Settings Pivot Detection Period → Number of bars used to scan for pivots (Higher = Bigger patterns) Pattern Detection Enable Bullish Head & Shoulders Enable Bearish Head & Shoulders Visualization Customize Colors (Lines, Fills, Labels) Enable/Disable Labels Pattern Style: Closed / Open Custom Label Colors Target Projection Enable/Disable Target Projection Customize Target Colors ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Consolidation & Head and Shoulders Scanner Hello Traders! The Consolidation & Head and Shoulders Scanner utilizes a unique swing-based pattern recognition to pinpoint consolidation and (inverse) head and shoulders patterns in real-time with unparalleled precision. The rectangle pattern, also known as a trading range or a consolidation pattern, is characterized by horizontal lines that act as support and resistance levels, creating a rectangular shape. The head and shoulders chart pattern is a technical analysis pattern used to identify potential trend reversals in financial markets. It consists of three swing highs (peaks), with the middle peak being the highest and the two outside swing highs being slightly lower. The middle peak is referred to as the "head" and the two outside peaks are referred to as the "shoulders." The pattern typically forms after an uptrend and is in most cases a bearish signal. The neckline is a support level that connects the lows of the two shoulders. Once the price breaks below the neckline, the pattern is confirmed, and a new down trend starts. Conversely, an "inverse head and shoulders" pattern forms after a downtrend and is a bullish signal. The Consolidation & Head and Shoulders Scanner is designed to operate in a fully automated manner, detecting consolidation patterns, head and shoulders patterns and inverse head and shoulders patterns across the symbol and timeframe that you select. It grants you the ability to simultaneously scan for patterns across as many as 20 distinct symbols. Feature List Real-time consolidation and (inverse) head and shoulders pattern detection Breakout alerts Customizable pattern size and accuracy Customizable look and feel The value of this indicator is to support traders to easily identify consolidations and (inverse) head and shoulders patterns in an automated way and across many different markets at the same time. The special swing-based pattern recognition makes this indicator unique. The trader saves a lot of time scanning the markets for consolidation and head and shoulders patterns, since finding the pattern and alerting for a breakout is done automatically for the trader. For a visualization of the detected patterns, you can add the TRN Consolidation and Range Pattern and the TRN Head and Shoulders Pattern indicators to your chart. How does Consolidation & Head and Shoulders Scanner work? On the right side of the chart, you can find a table displaying the symbols monitored by our scanner for pattern and breakout detection (first column). The table provides information on the status of each symbol. ACTIVE – Pattern building up UP – Upside Breakout DN – Downside Breakout UP CONF – Upside Breakout confirmed DN CONF – Downside Breakout confirmed FAILED – Pattern failed to get confirmed This visual representation allows you to quickly identify the evolving pattern dynamics across different symbols, helping you stay informed and make timely trading decisions. In the second and fifth column, the status of consolidation patterns with two different consolidation sizes gets displayed. In the third and fourth column, the status of detected long and short head and shoulders patterns is displayed. The same goes for column seven and eight but with a different head and shoulders size which is customizable in the settings. The scanner operates specifically on the timeframe you have selected in TradingView, ensuring that the detected patterns and breakouts align precisely with your trading perspective. F If the scanner displays a pattern or a breakout, you just can switch to this instrument and start trading it if you like what you see. Follow these instructions to discover how you can utilize the scanner for seamless and simplified chart pattern detection like never before: Add Symbols Go to indicator settings and scroll down to the "Symbols" section. The enabled symbols can be recognized by the check marks. Click on one of them and use the search function to add the symbol of your choice to the scanner. You can search for up to 20 different Symbols at the same time. Use Alerts (optional but recommended) You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is in the making (Pattern active), confirms an up breakout (B/O Up Confirmed) confirms a down breakout (B/O Down Confirmed) (Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation. Customization and Settings The indicator can scan for smaller and larger patterns at the same time. Adjust the consolidation and head and shoulders sizes in the indicator settings to align them with your preferences. A larger size results in larger patterns. Depending on the asset class, the market or the market phase, different sizes can be used for pattern detection. To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Risk Disclaimer The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.

Head and Shoulders Pattern Hello Traders! The Head and Shoulders Pattern indicator utilizes a unique swing-based pattern recognition to pinpoint head and shoulders patterns in real-time with unparalleled precision. The head and shoulders chart pattern is a technical analysis pattern used to identify potential trend reversals in financial markets. It consists of three swing highs (peaks), with the middle peak being the highest and the two outside swing highs being slightly lower. The middle peak is referred to as the "head" and the two outside peaks are referred to as the "shoulders." The pattern typically forms after an uptrend and is in most cases a bearish signal. The neckline is a support level that connects the lows of the two shoulders. Once the price breaks below the neckline, the pattern is confirmed, and a new down trend starts. Conversely, an "inverse head and shoulders" pattern forms after a downtrend and is a bullish signal. Feature List Real-time pattern detection Visualization of entry, stop-loss and take-profit levels Pattern performance statistics Calculation of risk-rewards ratio Risk Management Breakout alerts Customizable pattern size and accuracy Customizable look and feel The value of this indicator is to support traders to easily identify the Head and Shoulders pattern in an automated way. The special swing-based pattern recognition and the numerous built-in premium features make this indicator unique. The trader saves a lot of time scanning the markets for head and shoulders patterns, since everything is done automatically for the trader: Finding the pattern, looking and alerting for a breakout, computing the entry, stop loss and take profit levels as well as handling the risk management and computing the optimal order quantity. How to Trade with the TRN Head and Shoulders Indicator Identify the Pattern Add the Head and Shoulders Pattern Indicator to your chart and look for the pattern on the asset and timeframe of your choice. The pattern is detected in real-time. If the pattern develops further in the next bars, then the indicator updates the pattern accordingly until a breakout is confirmed or the pattern becomes invalid. You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is 1. in the making (Pattern active), 2. confirms an up breakout (B/O Up Confirmed) 3. confirms a down breakout (B/O Down Confirmed) 4. (Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation. Check Pattern Statistics The pattern statistics make it easy for you to see how successful a pattern is on the asset and timeframe you are watching. You should always check the statistics before entering a trade. The chart displays the statistics in the upper right corner. These statistics are categorized into two sections: "long" for inverse head and shoulders patterns and "short" for head and shoulders patterns. In the initial columns, labeled as "short" and "long", the identified breakouts are further divided based on whether the risk-reward ratio (R) is below a specified value (< x) or equal to/greater than the specified value (>= x). The following columns represent the count of the events: 1. Occ. (Occurrence) categorized according to the values of R from the first column 2. TP1, TP2, TP3 (Take Profit) - targets 1, 2 and 3 3. SL (Stop Loss) 4. T/O (Time Out) - neither stop loss or targets where hit in a certain amount of time Breakout – Entry, Stop Loss and Targets The indicator automatically displays the entry price line (EP) in grey at the point where the price breaks through the neckline, indicating a breakout. Once a breakout has been confirmed, place a buy order near the EP level for a long position, or a sell order for a short position. Set your stop-loss at the price level of the red stop-loss line (SL) and set your take-profits at the price level of the green take-profit-lines (TP1, TP2, TP3). Risk Management The Head and Shoulders Pattern Indicator comes with a built-in risk management feature. Just go to the settings and scroll down to the section "Risk Management". Here you can enter your Account Size and the percentage you want to Risk when you enter a position after a pattern breakout. In the "Trade Management" section, you have the option to define the minimum accepted risk-reward ratio for confirmed rectangles. This means that breakouts of patterns failing to meet the minimum risk-reward ratio will not be considered as confirmed signals. If a breakout gets confirmed, the indicator automatically calculates the position size (Quantity). You can read the quantity from the gray entry point line (EP), which is located to the right of the risk-reward ratio (R). Note that your risk-reward ratio (R) is calculated based on TP1. Customization and Settings The indicator can scan for smaller and larger patterns at the same time. Adjust the Head and Shoulders Sizes in the indicator settings to align them with your preferences. A larger size results in larger patterns. Depending on the asset class, the market or the market phase, different sizes should be used for the Head and Shoulders pattern detection. To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Look for a tolerance level that leads to favorable statistics and focus on trading patterns with a proven performance history. Finally, you have the flexibility to customize various visual elements, such as the color of the pattern and whether to display values like price, target, or risk-reward ratio on your chart. You can also choose where these values appear. Computation Details The real-time detection of the Head and Shoulders Pattern Indicator utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. Furthermore, the detection of the ratios between the single swings is based on a dynamic volatility measurement similar to the ATR. The tolerance level unites several internal parameters into one and results in a user-friendly setting. Risk Disclaimer The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.

Chart pattern - Head and Shoulders This script identifies the Head and Shoulders chart pattern as well as the reversed Head and Shoulders chart pattern. It has many settings. For example, you can choose by what points you want to identify patterns - along the edges of wicks (tails, shadows), or along the edges of candle bodies . In addition, there are several settings with which you can determine the parameters of the detected patterns - the length and ratio of the lines included in it. The "Sensitivity" parameter will allow you to control the frequency of detected patterns , depending on whether you want the patterns to be detected more often, or if they cover a larger number of candles and thus be more reliable. You can also customize your styles. All key settings are accompanied by tooltips.

Pivot Pattern Boundaries [cajole] This script automatically detects horizontal support / resistance levels based on user-programmable criteria. For example, you can detect boundaries with >3 touches within 200 days, allowing a tolerance of 1/4*ATR. "Touches" are defined from pivots on the chart. The best way to search for larger/smaller patterns is to increase/decrease the pivot size.* Future versions will allow "exceptions (i.e. keep drawing the horizontal line even if it is breached once or twice). *TradingView's Pine script defines a Pivot as the highest point in a group. So, entering "2" means that a day's high needs to be above 2 days before and after (xxYxx) to be considered a high pivot. This script can be an aid in drawing multiple patterns with horizontal boundaries (rectangles, triangles, head and shoulders, cup & handles, VCPs). I have intentionally avoided trying to code detection of the "other side" of these patterns, as that is where the craft of charting becomes an art.