Shark 32 Pattern Pro

2월 24일

Hello Traders!

The Shark32 pattern comprises multiple inside bars—each candle’s high/low is contained within the previous candle’s range—creating a tight consolidation zone. Once price breaks out, volatility frequently expands, producing sharper moves. The pattern is known for its relatively high continuation rate and the ability to offer tight risk/reward setups. It also calculates statistics, highlights stop/target levels, and offers fully customizable visuals so you can adapt the tool to your trading style.



Key Features:

1. Detects Shark 32 With Unlimited Inside Bars:
   Automatically spots consecutive inside candles (not limited to just two), enabling you to catch more nuanced patterns.
   
   
2. Highlights Breakout:
   Clear visual lines and labels mark where price breaks above/below the pattern boundary.
   
   
3. Stop-Loss & Profit Targets:
   Draws a suggested stop-loss line and a projected target line, helping you manage risk and set profit objectives quickly.
   
   
4. Statistics & Analysis:
   A built-in statistics table tracks pattern frequency, breakouts, stop-hits, target-hits, and more—helping you refine your strategy over time.
   
   
5. Fully Customizable Visuals:
   Control line styles, colors, breakout labels, box fill, and more to fit your preference or chart theme.
   
   
6. Quick Resolutions:
   This pattern forms fast and typically resolves within just a few bars, appealing to short-term traders.
   

[chart image placeholder – Show a breakout and labeled stop-loss/target lines, highlighting potential trade management.]

Statistics at a Glance (based on Bulkowski's studies):

1. Continuation Bias: ~60% continuation bias.
   
2. Measured Move: 70%+ of bullish breakouts (in bull markets) reach the measured move.
   
3. Throwback: ~64% chance price retraces to the breakout level after an upside break.
   
4. Trend Alignment: Historically, success rates improve when trading in line with the larger trend.
   

How to Trade with This Indicator:

1. Identifying the Pattern: Wait till a Shark 32 pattern is formed.
   
2. Entry Rule: Enter on a confirmed close above the pattern high (for bullish) or below the pattern low (for bearish).
   
3. Stop Placement: Place stops a few ticks beyond the opposite side of the pattern. Tight ranges = small risk. Or use the mid-range of the pattern as a stop level.
   
4. Target Options: Aim for Risk/Reward Ratio of 2R or 3R to capture a strong follow-through. Alternatively, use the measured move of the first bar's height as a target.
   

Tips for Better Reliability:

1. Trend Alignment: Shark 32 breakouts usually work best in the direction of the broader market or trend.
   
2. Confirmation: Look for a significant volume increase at the breakout—helps filter out “fake” moves.
   
3. Throwback Awareness: ~64% of upside breakouts retest the pattern boundary; stay patient if you see a pullback.
   
4. Risk Management: Maintain tight stops and consider using alerts for activation/breakout signals.
   

[chart image placeholder – Demonstrate a failed breakout labeled “Shark 32 Failure,” noting quick stop-loss execution.]

Why This Indicator?

1. Clear Visuals: Highlights the pattern boundary, breakout lines, and potential stop/target levels.
   
2. Customizable: Lets you adjust line styles, risk parameters, alerts, and statistics display.
   
3. Statistical Edge: Built-in table aggregates pattern counts, success/failure rates, and average durations.
   

Final Thoughts:
This Shark 32 Pro indicator gives you a systematic way to spot—and trade—a compact yet powerful three-candle formation. Combine it with solid risk management and trend analysis for best results. Monitor volume and confirm breakouts with a candle close beyond the pattern’s range. While the pattern can fail, tight stops and clear targets help keep your trading efficient and disciplined.

3월 3일

릴리즈 노트

Chart got updated