THE MASTER PATTERN TradingView

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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THE MASTER PATTERN– indicator detects key price patterns (possibly based on fractals or swing high/low levels), draws rectangles around significant price ranges, displays extension lines (potential support/resistance levels) and highlights liquidity levels (buy/sell).

Initialization:
The script determines swing highs and swing lows based on the specified Depth, Deviation, and Backstep.
Swing points are stored in the zz (price) and yy (bar index) arrays.
Rectangle formation:
When a pattern (swing alternation) is detected, a secondary rectangle is created between the maximum and minimum swing prices.
A rectangle becomes “primary” if the price crosses its upper and lower borders.
Line drawing:
Major expansion lines are drawn at the average price level of the main rectangle.
Minor expansion lines (if enabled) are drawn for minor rectangles.
Liquidity lines are drawn at swing high (sell) or swing low (buy) levels and are updated when the price is touched.
Alerts:
Alerts are triggered when a rectangle is confirmed, expansion lines are crossed, or liquidity lines are touched.
Limitations:
The indicator limits the number of bars to analyze (max_bars, max_bars_back), boxes (max_boxes_count) and lines (max_lines_count).
If repaint = true, the indicator can repaint the last swing points.