AutoBF by Tren10x

2023년 2월 18일

Broadening Formation is a powerful technical analysis tool that is characterized by two converging trendlines that widen over time. This pattern typically signals a period of volatility and uncertainty in the market and can indicate a potential reversal in trend direction.

This script uses advanced algorithms to automatically detect and plot broadening formations on your chart, making it easy to identify these patterns and potentially profit from them, all while saving you time from drawing them yourself. With customizable settings, this indicator is a must-have tool for any trader looking to take advantage of this powerful chart pattern.

Features:

● Automatically detects and plots broadening formations on any chart within TradingView
● Customizable settings for greater flexibility and control
● Choose to draw your broadening formation from the outside bar to the "Previous Candle" or "Compound Candle" aka to the previous lowest/highest candle within the outside bar.
● Clear visual display of broadening formations and easy identification
● Compatible with all markets and timeframes, from stocks and forex to cryptocurrencies and commodities
● Designed for both novice and experienced traders, with user-friendly interface and comprehensive documentation
● By default, the year will look back 75 years, the quarter will look back 20 years, the month will look back 7 years, the week will look back 3 years, and the day will look back 90 days. However, you now have the ability to change these at your will.
● Added the ability to enable Broadening Formations on the 6 Month, 2 Month, 2 Week, and 2 Day charts.
● ALERTS! Receive timely notifications when the price breaches or activates a broadening formation.


All Timeframes available:
● Year
● 6 Month
● Quarter
● 2 Month
● Month
● 2 Week
● Week
● 2 Day
● Day

https://tinyurl.com/2zyrspvx

Predicting future outcomes is impossible. Nobody knows what the future will bring. With this Broadening Formation Indicator, you will have the edge you need to identify potentially profitable trading opportunities and make more informed decisions in the markets.

Regards,
Tren10x

Disclaimer: It is essential to note that returns on investments are not guaranteed, and investors should exercise prudence in conducting thorough due diligence before making any investment decisions

I would like to express my gratitude to my wife for her meticulous testing and insightful contributions throughout the course of this project. Additionally, I extend my appreciation to the esteemed Alpha Pack Group, whose exceptional acumen and investment expertise have been instrumental in the success of this endeavor.

2023년 2월 21일

릴리즈 노트

Fixed Alerts.

2023년 2월 22일

릴리즈 노트

◍ Added the option to select BOTH 'Compound Candle' and 'Previous Candle' dubbed the "Combo Pack". The more BF's visible, the more of the story visible to you.
◍ Added the option to change the width of each timeframe broadening formation.
◍ Added the option to change the style of each timeframe broadening formation. (Solid, Dashed, Dotted)

2023년 2월 22일

릴리즈 노트

Cleaned up & organized the indicator settings.

2023년 2월 22일

릴리즈 노트

Read the Extrapolate Tooltip in the Indicator Settings for more information on how this feature works!

2023년 2월 23일

릴리즈 노트

To ensure the proper functioning of the "Combo Pack" and to avoid study errors on certain tickers and timeframes, I have implemented a cap limit on the daily and 2-day BF lookback values. This is due to the limitations of Tradingview.

2023년 2월 24일

릴리즈 노트

Removed "Combo Pack" until it is more mature. If you want the combo, current workaround is to add the script twice.

2023년 2월 24일

릴리즈 노트

Disabled Extrapolate by default. Read Tooltip for more information
Modified Lookback Days/Week for compatibility. Read ToolTip for more information.

2023년 2월 24일

릴리즈 노트

Hope you find this script convenient and valuable to you! Enjoy.

2023년 2월 24일

릴리즈 노트

Minor update so everything is fine tuned.

2023년 3월 7일

릴리즈 노트

A modification has been made to disable a particular feature on the daily timeframe, resulting in more precise alignment with BF

2023년 3월 7일

릴리즈 노트

Cleanup unneccessary code.

2023년 7월 25일

릴리즈 노트

Fixed a rare instance where compound candle trendlines were connecting to the wrong candle.

Implemented adjustments to enhance the overall reliability of trendline connections.

2023년 7월 26일

릴리즈 노트

CHANGELOG

● Combo Candles are back! (Compound and Previous Candles Combined)
● Combo Candles works on ALL tickers. (SPX will have it's own scripted lookback values due to the historical data of SPX)
● Readjusted the default values for compatibility on all tickers out of the box. I recommend keeping the default values but you can adjust to your liking
● Fixed Extrapolate not properly loading all bf's on the daily timeframe. Now it will load all BF's beyond the visible chart.
● Added customizable strat candle numbers
● Removed 2Day BF
● Misc code cleanup

2023년 7월 26일

릴리즈 노트

● Re-introduced 2-day BF's while preserving AutoBF's functionality.
● Employed modifiers for both SPX and KO to ensure compatibility.
● Refined SPX/KO modifiers to prevent scanning/showing BF's when not needed.
● Implemented miscellaneous fixes to enhance overall performance.
● My default values for each BF have been included in their respective tooltips to provide helpful guidance. Please refer to all the tooltips for more information.
● Enjoy your journey!

2023년 7월 26일

릴리즈 노트

● Cleaned up modifiers
● Enjoy your journey!

2023년 8월 1일

릴리즈 노트

● Fixed daily BF's limited to default 10 days on daily chart (compound/previous). Combo option unaffected.

2023년 8월 8일

릴리즈 노트

Changelog:

● Now offers customization of compound bar settings. You can select the scan's bar count, improving compound broadening formation identification.

● Adjusted daily and 2-day lookback intervals to scan in weeks rather than days.

● Fixed daily BF's when extrapolate is enabled (Hopefully this fixes how BF's are displayed when connected to outside bars; trying to workaround TradingView limitations)

Expect occasional yet impactful updates for AutoBF as I strive to continuously enhance our trading experiences. Your benefits from these updates will be significant.

2023년 8월 8일

릴리즈 노트

Daily BF's Extrapolate fix removed for now.

2023년 8월 8일

릴리즈 노트

● Fixed daily BF's when extrapolate is enabled (Hopefully this fixes how BF's are displayed when connected to outside bars; trying to workaround TradingView limitations)

Fixed the critical bug that prevented the above fix from displaying BF's on select timeframes.

2023년 8월 8일

릴리즈 노트

Changelog:

● Implemented several bug fixes related to extrapolation on the daily chart and daily broadening formations. These fixes effectively address and bypass the existing limitations within the TradingView platform

I've been working on fixing these small nuances and adding these features for a while now and I needed it to work to perfection before release. These changes should make your experience a lot smoother!

I appreciate your continued support and feedback.