I wanted to share a new free indicator for cTrader called the Triangle Count Oscillator.
It automatically detects swing highs and lows, then connects them into triangular structures when spacing rules are met. Each valid triangle is drawn directly on the chart, while an oscillator line shows the running count of detected patterns.
Key points:
It automatically detects swing highs and lows, then connects them into triangular structures when spacing rules are met. Each valid triangle is drawn directly on the chart, while an oscillator line shows the running count of detected patterns.
Key points:
- Automatic detection of triangular formations.
- Configurable swing lookback and spacing controls.
- Real-time triangle drawing with customizable colour.
- Oscillator output tracks structural activity.
Traders can use this as a context tool — frequent triangles usually mean consolidation, which often leads to strong breakout moves. The oscillator helps you see when the market is compressing and prepare for volatility.
Download here: cTrader Triangle Count Oscillator