1-2-3 Pattern (Expo) — Indicator by Zeiierman (2024)

Overview

The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it.

Our 1-2-3 Pattern (Expo) indicator helps traders quickly identify the 1-2-3 Reversal Pattern automatically. By analyzing the price action data, the indicator shows the pattern in real-time. When the pattern is discovered, the 1-2-3 Pattern (Expo) Indicator notifies you via its built-in alert feature! Catching the upcoming big move can't be that much simpler.

How to use

The 1-2-3 pattern is used to spot trend reversals. The pattern indicates that a trend is coming to an end and a new one is forming.

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Disclaimer

The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circ*mstances, investment objectives, risk tolerance, and liquidity needs.

My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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1-2-3 Pattern (Expo) — Indicator by Zeiierman (2024)

FAQs

What is the 1-2-3 pattern indicator? ›

When the pattern is discovered, the 1-2-3 Pattern (Expo) Indicator notifies you via its built-in alert feature! Catching the upcoming big move can't be that much simpler. The 1-2-3 pattern is used to spot trend reversals. The pattern indicates that a trend is coming to an end and a new one is forming.

What is the 123 pattern strategy? ›

The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points. 123 pattern works in both directions. In the first case, a bullish trend turns into a bearish one.

What is the 123 indicator in Tradingview? ›

This simple indicator will help identify the 123 Patterns on the charts. It's build based on the zigzag indicator, which will work as a guideline to identify the 3 points. As soon as the price crosses the third point, the indicator will draw 3 lines: entry, take profit, and stop loss.

What is the 1-2-3 strategy? ›

The 123 reversal chart pattern strategy is a three-swing price formation that indicates a potential reversal in trend. It is formed by three price swings or waves with three swing points, which is where the name of the pattern comes from.

What is a 1 2 3 setup trading? ›

The 123 setup consists of three pivot points. The confirmation of the 123 reversal pattern lays at Pivot Point 2. The target when trading a 123 formation is at a distance equal to the size of the pattern, applied beyond Pivot Point 2. Your stop loss should go beyond Pivot Point 3.

What is the best combination of indicators for day trading? ›

Seven of the best indicators for day trading are:
  • On-balance volume (OBV)
  • Accumulation/distribution (A/D) line.
  • Average directional index.
  • Aroon oscillator.
  • Moving average convergence divergence (MACD)
  • Relative strength index (RSI)
  • Stochastic oscillator.

What is 123 technique? ›

The 1-2-3 Method is simply a tool or template which introduces organisations to different M&E methods and allows them to build up confidence by combining different methods in ways that will deliver meaningful results.

What is the 1 3 2 strategy? ›

The 1-3-2 structure supposedly appears as a tree. The strategy profits from a small increase in the price of the underlying asset and maxes when the underlying closes at the middle option strike price at options expiration. Maximum profit equals middle strike minus lower strike minus the premium.

What is the 1234 pattern in trading? ›

Traders look for this chart pattern on 1-day chart. For a 1-2-3-4 chart pattern to occur there must be at least 3 subsequent lower lows in parallel with at least 3 subsequent lower highs. A position is bought when the market price trades above the high of the last candlestick in the pattern.

What is the most powerful indicator in TradingView? ›

Best TradingView Indicators: Bollinger Bands. Bollinger Bands are essential for understanding and navigating market volatility in futures trading. Bollinger Bands, when used through TradingView on the Optimus Futures platform, are indispensable for understanding and navigating market volatility in futures trading.

What is the best TradingView indicator for volatility? ›

There are several volatility-based indicators all using volatility in a clever way to help identify trading opportunities. Examples of such indicators are Average True Range (ATR), the widely popular and easy to use Bollinger Bands (BB), Donchian Channels and Keltner Channels (KC).

What are the 5 indicators in TradingView? ›

5 Technical Indicators for Smart Trading
  • Moving Averages: Riding the Waves of Market Trends. ...
  • Bollinger Bands: Embracing Volatility for Profitable Trades. ...
  • Moving Average Convergence Divergence (MACD): Capturing Trend Changes. ...
  • Average Directional Index (ADX): Measuring Trend Strength.
Nov 10, 2023

What is the 3-2-1 questioning method? ›

Compare and Contrast 3-2-1

As a way to compare and contrast, have students record three similarities between two items, two differences, and one question they still have about them.

What is the 123 teaching strategy? ›

What Is the 3-2-1 Strategy? A 3-2-1 prompt helps students structure their responses to a text, film, or lesson by asking them to describe three takeaways, two questions, and one thing they enjoyed. It provides an easy way for teachers to check for understanding and to gauge students' interest in a topic.

What is the 321 strategy? ›

The 3-2-1 exit slip strategy is a method of summarizing one's learning with a basic format in which: Students write three things they learned in today's lesson. Next, students write two things they liked or two interesting facts about the lesson. Finally, students write one question they still have about the lesson.

What is the pattern for 1234 trading? ›

A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules.

What is an indicator name 3 indicator? ›

An indicator is used to differentiate between an acidic substance and a basic substance. There is a range of different indicators. Among all, the common indicators are as follows; litmus, china rose, turmeric and phenolphthalein.

What is the T3 trend indicator? ›

T3 is designed to provide a smoother, more accurate reading of trends in the market. T3 takes the same three exponential moving average readings as the TEMA and applies a more complex weighting system to their calculations, resulting in an even faster moving average than the EMA, DEMA or TEMA.

What is the pattern 1 2 3 in mt4? ›

The indicator automatically identifies the 1-2-3 pattern on the chart. The indicator is able to monitor the formation of pattern in real time. It informs the trader when the pattern is completely formed (when the price breaks the line in point 2) and displays the completed patterns in history.

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