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Wedge Pattern Pro

Wedge Pattern Pro automatically detects rising and falling wedge patterns — one of the most reliable chart formations for breakout trading — in real-time on any TradingView chart. With up to four concurrent detection layers, three target calculation modes, and optional reverse breakout trading, Wedge Pattern Pro delivers complete trade setups from pattern detection through risk management.

Wedge Pattern Pro detecting a rising wedge with stop loss, entry, and target levels plus statistics table on NQ futures

Key Features​

🔍

Pattern Detection

Quad-size detection identifies wedge patterns at up to four scales simultaneously — with log scale support, middle line visualization, and convergence analysis.

🎯

Risk Management

Three target modes, reverse breakout support, and automatic stop-loss placement give you full control over trade execution.

📊

Statistics

Built-in performance tracking shows win rate, loss rate, and cumulative R per direction — validate which setups work on your instrument.

Quick Setup​

  1. Add Wedge Pattern Pro to your TradingView chart
  2. Three detection layers are enabled by default (sizes 7, 14, 21) — adjust to match your timeframe
  3. Optionally enable Size 4 for a fourth detection layer at an even larger scale
  4. Choose your Target Type — Fixed Risk Reward (default 2.0), Pattern Height, or Maximum
  5. Enable Reverse Breakout if you also want to trade counter-trend breakouts
Quick Start

Start with the default settings and observe how wedge patterns appear on your instrument. Larger timeframes benefit from larger swing sizes. Use the Statistics table to validate performance before trading live.

FAQ​

What is a wedge pattern in trading?​

A wedge pattern is a chart formation where price moves between two converging trendlines. Rising wedges signal bearish reversals with weakening buying momentum, while falling wedges signal bullish reversals with weakening selling momentum. Wedge Pattern Pro detects both types automatically using swing-based trendline analysis.

Does Wedge Pattern Pro detect both rising and falling wedges?​

Yes, Wedge Pattern Pro automatically detects both rising wedge (bearish) and falling wedge (bullish) formations. The indicator runs up to four concurrent detection layers with different swing sensitivities, so patterns at multiple scales appear on the same chart simultaneously.

How many detection sizes can run at once?​

Wedge Pattern Pro supports up to four concurrent detection layers (default sizes: 7, 14, 21, and a fourth optional size of 35). Each layer operates independently with its own swing sensitivity, maximum pattern length, and color scheme.

What target calculation methods does Wedge Pattern Pro offer?​

Wedge Pattern Pro offers three target modes. Fixed Risk Reward uses a configurable multiplier of the stop-loss distance. Pattern Height projects the wedge's full vertical span from the breakout point. Maximum uses the larger of both calculations for optimal target placement.

Can I trade reverse breakouts with Wedge Pattern Pro?​

Yes, Wedge Pattern Pro includes a Reverse Breakout mode that trades counter-intuitive breakouts — a rising wedge breaking upward or a falling wedge breaking downward. Reverse breakouts have their own separate target type setting.

Next Steps​

Pattern Detection

Learn how wedge patterns are detected with quad-size analysis and log scale support.

Risk Management

Explore target modes, reverse breakouts, and trade management features.

Statistics

Understand the built-in performance tracking and how to interpret the results.

Usage Guide

Trading strategies, alert setup, and recommended settings by trading style.