123 Trend Continuation Pattern

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. Those lines will work as a reference and may help with other indicators. This kind of analysis will work on any time frame and symbol, but those markets that have high volatility may have better result

Versionsinformation:

• Converted to pine script 5
  
• Fixed some texts
  
• Added alert condition
  

Versionsinformation:

Added max lines and max labels to show more details on past data

Versionsinformation:

Removed max bars back parameter
Added the option to change the text size
added the option to change the take profit and stop loss levels colors
added an option to use close value of the candle instead of the high/low values
added alerts when the price crosses the latest take profits and stop losses
added the values on the take profits, stop losses and entries labels