The triangle breakout is a reliable pattern with good risk/reward ratio. The difficulty is programming a system that can recognize the triangles. These trendlines are all automated. You can see that the three time frames all confirm the market structure being observed.
The concept I am working on is a measure of the trendline's persistence in resisting price movements. You can clearly see on the 1 minute, 15 minute, and 1 hour chart, that this trendline is being used for order entries.
I am hoping one of you brighter individuals than I will have an idea for a calculation that shows a trendline is being observed so strongly. I've already tried a few formulas, but non so far have been able to quantify prices consistently riding a trend line like is seen in these charts.