So I ran trillions of calculations using thousands of stocks and years worth of data to find the highest conviction chart patterns.
To do this, I pattern matched historical segments over the entire spans of all tickers, then looked at what the chart did after each segment. Is there a statistically significant directional move?
There are a handful of patterns with over 90% directional confidence and over 100 instances, which is absolutely insane.
Obviously, I created an indicator for this. It uses my Echo Chamber logic to pattern match the current chart against these high conviction patterns. I created an average future directional pattern to guess the future state of the ticker.
This lets you see when these high conviction patterns appear and trade on them when they do.
This is a prototype indicator right now so most of the features haven't been added (yet).
No alerts (yet)
UI isn't clean (yet)
Patterns aren't named (yet)
But it does let you test it out.
It will likely be my second premium indicator, but for now I am giving a preview.
tradingview.com/script/bwRwc…