Skip to main content

Head and Shoulders Pattern

Head and Shoulders Pattern automatically detects classic and inverse head and shoulders formations — one of the most reliable trend reversal patterns in trading — in real-time on any TradingView chart. With dual-size scanning, configurable accuracy levels, straight or sloped neckline modes, and three take profit targets, the indicator delivers complete reversal trade setups from pattern detection through risk management.

Head and Shoulders Pattern detecting an inverse H&S with pattern formation, breakout, targets, entry, stop loss, and statistics on EUR/USD

Key Features​

🔍

Pattern Detection

Dual-size scanning detects classic and inverse H&S at multiple scales — with accuracy control, log scale support, and straight or sloped neckline modes.

🎯

Risk Management

Three take profit targets, minimum RR filter, position sizing calculator, and customizable trade visualization with label placement controls.

📊

Statistics

Built-in performance tracking with TP1/TP2/TP3 hit rates, stop loss frequency, and timeout tracking by direction.

Quick Setup​

  1. Add Head and Shoulders Pattern to your TradingView chart
  2. Default Pattern Size is Very Small (swing size 5) — adjust to match your timeframe
  3. A second detection size (Medium, swing size 10) runs concurrently by default
  4. Accuracy defaults to Very Low — increase for stricter pattern geometry requirements
  5. Review the Statistics table to validate performance on your instrument

Head and Shoulders detection settings configuration

Quick Start

Start with the default settings and observe how patterns appear on your instrument. The indicator detects both classic (bearish) and inverse (bullish) H&S formations automatically. Use the Statistics table to validate before trading live.

FAQ​

What is a head and shoulders pattern in trading?​

A head and shoulders pattern is a trend reversal formation consisting of three peaks — a higher central peak (head) flanked by two lower peaks (shoulders) connected by a neckline. When the neckline breaks, the Head and Shoulders Pattern indicator signals a reversal from bullish to bearish. The inverse version signals a reversal from bearish to bullish.

Does the Head and Shoulders Pattern indicator detect both classic and inverse patterns?​

Yes, the Head and Shoulders Pattern indicator automatically detects both classic H&S (bearish reversal) and inverse H&S (bullish reversal) formations. The indicator also recognizes double-top and single-top head variants as well as single and double shoulder configurations.

How many take profit targets does the indicator provide?​

The Head and Shoulders Pattern indicator provides three take profit targets. TP1 defaults to 100% of the head-to-neckline distance, TP2 to 150%, and TP3 to 200%. TP2 and TP3 are optional. A minimum risk/reward ratio filter ensures only favorable trade setups are displayed.

Which timeframes work best for head and shoulders patterns?​

Head and shoulders patterns appear on all timeframes. Higher timeframes (4H, Daily) typically produce more reliable signals because the patterns represent larger structural shifts. The Head and Shoulders Pattern indicator's dual-size detection lets you monitor both smaller and larger patterns simultaneously.

Can I combine the Head and Shoulders Pattern with other TRN indicators?​

Yes, the Head and Shoulders Pattern works well with Trend Bars Pro for breakout momentum confirmation and the Consolidation and Head and Shoulders Scanner for monitoring up to 20 symbols simultaneously.

Next Steps​

Pattern Detection

Learn how H&S patterns are detected with dual-size scanning and neckline analysis.

Risk Management

Explore three TP targets, RR filter, and position sizing features.

Statistics

Understand the performance tracking and how to interpret the results.

Usage Guide

Trading strategies, alert setup, and recommended settings by timeframe.