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Long island reversal MT5

An indicator of pattern #31 ("Long Island") from Encyclopedia of Chart Patterns by Thomas N. Bulkowski. The second gap is in the opposite direction.

Parameters:

  • Alerts - show alert when an arrow appears  
  • Push - send a push notification when an arrow appears (requires configuration in the terminal)
  • GapSize - minimum gap size in points
  • ArrowType - a symbol from 1 to 17
  • ArrowVShift - vertical shift of arrows in points  
  • ShowLevels - show levels
  • ColUp - color of an upward line
  • ColDn - color of a downward line
  • Auto5Digits - automatic multiplication of GapSize by 10 when working with 5 and 3 digit quotes.
Note. Arrows appear on a forming bar and can disappear during bar formation. Notification (Alerts and Push) are generated based on a formed bar.

It cannot be guaranteed that the indicator recognizes the patterns exactly as implied by the author.

Recommended optimization parameters: GapSize.

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Version 1.2 2021.10.03
Fixed external parameters