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How to Automate Triangle Reversal Detection Using Pine Script

  • Automating triangle reversal detection using Pine Script can save you from guesswork and help identify strong trend reversals.
  • Pine Script confirms valid setups by considering slope detection, price range tightening, and momentum validation.
  • Additional filters like a secondary confirmation candle, volume filter, and ATR-based breakout strength check are used to avoid low-quality trades.
  • Stop-loss placement is determined using previous swing highs/lows and ATR-based stop adjustment to manage risk.

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