Hi,
Hope all is doing well. I am looking for an indicator as stated in the title - Broadening formation.
A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series of higher pivot highs and lower pivot lows.
More about broadening formation -
https://www.investopedia.com/terms/b...gformation.asp
https://www.elearnmarkets.com/blog/b...angle-pattern/
https://www.elearnmarkets.com/blog/w...-TRIANGLE-.jpg
Hope all is doing well. I am looking for an indicator as stated in the title - Broadening formation.
A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on a chart by a series of higher pivot highs and lower pivot lows.
More about broadening formation -
https://www.investopedia.com/terms/b...gformation.asp
https://www.elearnmarkets.com/blog/b...angle-pattern/
https://www.elearnmarkets.com/blog/w...-TRIANGLE-.jpg
8 years strong