BK AK-Flag Formations

🏴‍☠️ BK AK-Flag Formations — Continuation Structure, Tactical Readability. 🏴‍☠️
Built for traders who press momentum with discipline: it finds flagpoles + flags/pennants, validates the structure, draws the boundaries, and labels it in a way you can act on without clutter.

🎖️ Full Credit — Foundation Engine (Trendoscope)

Original foundation (Trendoscope Flags & Pennants):

The core detection engine (multi-zigzag swing extraction, pivot logic, validation/classification framework, and base drawing architecture) is by Trendoscope.
This script keeps that engine intact. My work adds a tactical execution layer: short tags + tooltip briefing + alert routing + forward border projection.

✅ What This Script Does

This indicator hunts continuation formations after an impulse move, and outputs three things:

Detects the pole (impulse leg) and the consolidation that follows

Classifies the consolidation as a Flag or Pennant, and assigns a bias (Bull/Bear/Neutral) based on context

Draws the structure and labels it cleanly, with optional hover briefings and filtered alerts

You get continuation structure across multiple sensitivities, so it can catch tight flags and larger, slower continuations without changing settings every chart.

🔍 How It Detects (So You Know It’s Not Random)

This is not “pattern art.” It’s rule-based swing logic + geometry:

1) Multi-Zigzag Sweep (micro → macro)

The script runs multiple zigzag levels (up to 4) to extract swings at different sensitivities.
That means the same market is scanned for both:

short, fast consolidations

larger, cleaner consolidations

2) Impulse + Consolidation Validation

After swings are extracted, the engine checks:

that the move qualifies as an impulse “pole”

that the consolidation stays within a controlled retracement window (your Max Retracement control)

that the consolidation geometry is coherent enough to be classified (tolerance controlled by Error Threshold and Flat Threshold)

3) Optional Quality Filters (you control strictness)

Verify Bar Ratio: checks proportion/spacing of pivots, not just price shape

Avoid Overlap: prevents stacking new patterns on top of existing ones

Max Patterns: hard cap so the chart stays readable

Repaint option: allows refinement if better coordinates form (useful for real-time traders)

🧩 BK Enhancements — Why This Publication Exists (Not a Mashup)

This is one pattern engine plus a purpose-built execution layer. Not “two indicators glued together.”

A) Short-Form Pattern Tags (clarity under pressure)

Instead of long labels drowning price, the script can replace them with compact codes:

BF / BeF / BP / BeP / F / P / UF / DF / RF / FF / AF / DeF

This is not cosmetic — it lets you keep structure visible while trading.

B) Tooltip Briefing (optional)

Hover a tag to see:

the full pattern name

the bias (Bullish/Bearish/Neutral)

So you get detail only when you request it, not sprayed across the chart.

C) Alert Routing (signal control, not spam)

Alerts can be filtered by:

Bias (Bull/Bear/Neutral)

Type (Flag vs Pennant)

So you can route only what you trade — e.g., bullish continuations only, or pennants only.

D) Pattern Border Extension (planning the break/retest)

Optional feature extends only the two true boundary lines forward by N bars, so you can plan:

breakout/breakdown levels

retest zones

invalidation outside structure

This extension is selective: it aims to extend the actual borders, not random zigzag legs.

How these work together:
Trendoscope detects/validates → draws the pattern → BK layer converts labels to short tags + applies transparency + tooltip overlay → BK alert router filters by bias/type → BK border extension projects the two boundary lines forward.

That’s the purpose: faster reads + cleaner execution planning.

🏷️ How To Read the Codes (Practical Translation)

BF — Bull Flag: strong pole → controlled pullback → watch boundary break + continuation

BP — Bull Pennant: thrust → tight compression → expansion confirms carry

BeF — Bear Flag: down impulse → weak rallies → breakdown favors continuation lower

BeP — Bear Pennant: pause beneath resistance → release favors trend continuation

F / P: generic tags when it’s valid but shouldn’t over-specify

⚙️ What You Actually Tune

Zigzag lengths/depths: sensitivity (faster vs cleaner)

Max Retracement: how deep consolidation may retrace the pole

Error / Flat thresholds: strictness of structure validation

Overlap / Max patterns: chart cleanliness

Labels: short tags, transparency, tooltips

Border extension: extend boundaries forward by N bars

Alerts: enable + filter by bias and by type

🧑‍🏫 BK / AK

AK is honor — my mentor’s standard: patience, clarity, no gambling.
All glory to G-d — the true source of wisdom, restraint, and endurance.

👑 King Solomon Lens

“Plans are established by counsel; by wise guidance wage war.” — Proverbs 20:18
Continuation trading is the same: impulse → formation → execution.

BK AK-Flag Formations — when the standard rises, the line advances.
Gd bless. 🙏