as a novice i am on a steep learning curve and this is just beyond me

i have seen this pattern crop up quite alot in the forex market which i mainly trade on 5 min bars

if possible i do NOT want to use the peak or trough function for identification purposes

and if possible i would also like to be able to use this in a system test as well as an explorer

not too many begs but i hope this has already been done though i cant seem to find it anywhere

gary

garrei

I believe to write a code that identifies these pattern is quite a serious job.
I am familiar with them, or other versions of them, but almost for sure will be possible to identify the entry point quite well by using a divergence based system. I am pretty positive that standard overbought/oversold indicators (like RSI, RMI or newer mathematical versions of them) are able to identify the end of trend situation like you described in your document.

I am in the process to build my 1st stable and - hopefully - eficient trading system and an indicator that identifies the divergence between the price and another indicator should be part of it.

I hope my personal oppinion could have provided you with an alternate solution.

Guara