Broadening Wedge

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Broadening formations are common chart patterns observed by technical traders. A broadening formation is formed when the volatility of an asset increases, thus expanding the range of its price resulting in higher highs and lower lows. The Broadening Trendline indicator, works by looking for pivot points where a higher high or lower low is made compared to the...

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This indicator will create lines on the chart based on last two pivot high and low. These line will create broadening wedges. Trader can make trade when price break last wedge point. Trader can identify breaking point with the help of dotted line. About the Indicator Input Pivot Length This is a pivot look back length for both direction.