An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. More Info: https://www.investopedia.com/terms/a/ascendingtriangle.asp
This script checks for ascending triangle breakout, Plots the potential stocks are saves the list to a excel file.
An Example of a plotted stock is:
- Databse for analysis, you can find my script here https://github.com/pillai-amal/NSE-timeseries-form-CSV-file-creator-and-SQL-appender-
- I'm using FinTA for technical indicators https://github.com/peerchemist/finta