Looking for an indicator to scan different forex currencies and time frames for a certain trending price pattern as shown in the attachment.
Number 1 is the counter trend price bar in an uptrend and number 2 is the previous swing high just before it, in the same uptrend. The horizontal line is just to show the spacing that is between number 1 and number 2 reference points in the uptrend. So when number 1 is occurring that looks like it is creating a spacing above number 2, the indicator would alert me of this possible price pattern occurring.
The opposite of this price pattern would occur in a downtrend.
Drawing is not the neatest drawing but shows the price pattern.
Open to price quotes on this indicator.
Thanks
Number 1 is the counter trend price bar in an uptrend and number 2 is the previous swing high just before it, in the same uptrend. The horizontal line is just to show the spacing that is between number 1 and number 2 reference points in the uptrend. So when number 1 is occurring that looks like it is creating a spacing above number 2, the indicator would alert me of this possible price pattern occurring.
The opposite of this price pattern would occur in a downtrend.
Drawing is not the neatest drawing but shows the price pattern.
Open to price quotes on this indicator.
Thanks
Attached Image (click to enlarge)
