Vega-18 › LINKUSD (Chainlink / US Dollar) · 15m
Rectangle
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Draw it on TradingView
No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.
- 1.Copy the script and open the chart on TradingView.
- 2.Open the Pine Editor at the bottom, clear it and paste.
- 3.Click "Add to chart"; the drawings appear.
Swing points
| Point | Candle open (UTC) | UTC | Bar # | Price |
|---|---|---|---|---|
| H1 | Nov 2, 01:15 AM | Nov 2, 01:15 AM | 0 | 11.443 |
| L2 | Nov 2, 03:15 AM | Nov 2, 03:15 AM | 8 | 11.273 |
| H3 | Nov 2, 04:15 AM | Nov 2, 04:15 AM | 12 | 11.419 |
| L4 | Nov 2, 06:45 AM | Nov 2, 06:45 AM | 22 | 11.263 |
| H5 | Nov 2, 08:30 AM | Nov 2, 08:30 AM | 29 | 11.410 |
| BRK | Nov 2, 10:30 AM | Nov 2, 10:30 AM | 11.252 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- ResistanceNov 2, 01:15 AM · 11.439 → Nov 2, 10:15 AM · 11.399
- SupportNov 2, 01:15 AM · 11.279 → Nov 2, 10:15 AM · 11.253
This pattern's track record
On the 15m chart
46%
Target reached after breakout
- Breakout rate
- 97%
- Reached half the target
- 58%
- Average time to target
- 7.2 h
- Cases
- 54 resolved cases
All timeframes
54%
Target reached after breakout
- Breakout rate
- 95%
- Reached half the target
- 70%
- Average time to target
- 5.9 days
- Cases
- 172 resolved cases
What is this pattern?
Price swings between two horizontal levels. Whichever edge breaks, the target is the rectangle's height in that direction.
After the breakout, a close beyond the opposite edge invalidates it.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.