How to use Chart Patterns indicators

Tradingview has recently introduced new Technical Indicators that can be used to identify chart patterns that can be used to predict future price movements and determine the entry point to a position.

These indicators can be used to find the following chart patterns: Bullish Flag, Pennant, Double Top, Triple Top, Head and Shoulders, Triangle, Rectangle, and Wedge

Wedge is one such pattern that I discussed in this video. After watching this video, you will be able to apply and use this indicator on your charts. A wedge is a price pattern on a price chart that is defined by converging trend lines. Technical analysts regard wedge-shaped trend lines as useful indicators of a potential price reversal.

The best part about these indicators is that you do not have to manually look for these patterns, the alagorithm will do that job for you. I believe this will greatly help beginners in anaysing charts as a lot of manual work is now off your shoulders. Try experimenting with these indicators and I'm very sure it will make a positive impact on the trades you take.

Do let me know of any other stocks where you've discovered similar patterns using these technical indicators.