Summary of 🌐 Quasimodo Pattern indicator in TradingView - Free Download - [TF Lab]

Main Financial Strategies:

Quasimodo Pattern Recognition: The QM pattern involves identifying a specific structure on the price chart characterized by a lower low, a high, and another lower low, resembling a left shoulder, head, and right shoulder. This pattern indicates potential price reversals.
Entry and Exit Points: The indicator marks entry points along with stop loss and take profit areas, allowing traders to make informed decisions when executing trades.
Trend Identification: Traders can adjust the period setting in the indicator to identify longer or shorter-term trends, which is crucial for determining the best entry points.

Access the QM pattern indicator on TradingView by searching for it in the indicators section.
Add the indicator to favorites for quicker access.
Once the indicator is on the chart, search for and draw QM patterns.
Identify the structure of the QM pattern (lower low, high, lower low) to recognize potential price reversals.
Use the indicator to mark entry points and stop loss/take profit areas.
Adjust the period setting to identify the desired trend length (higher for longer trends, lower for shorter trends).