HS Indicator (Head & Shoulders)

Category: market_structure

Automatically detects Head and Shoulders and Inverse Head and Shoulders patterns using swing point analysis, neckline slope verification, and time/price symmetry scoring.

Formula

\text{Score} = \text{PriceSym}_{30\%} + \text{TimeSym}_{20\%} + \text{NeckSlope}_{20\%} + \text{SizeATR}_{30\%}

Inputs

• SwingStrength (default: 3)
• ShoulderTolerance (default: 0.02)
• MinPatternSizeATR (default: 1.5)
• MaxNecklineSlopeDeg (default: 30.0)
• AllowDescendingNeck (default: true)
• MinTimeSymmetry (default: 50)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.