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Head and shoulders MT5

An indicator of patterns #24 and #26 ("Head and Shoulders") from Encyclopedia of Chart Patterns by Thomas N. Bulkowski.

Parameters:

  • Alerts - show alert when an arrow appears  
  • Push - send a push notification when an arrow appears (requires configuration in the terminal)
  • PeriodBars - indicator period
  • K - an additional parameter that influences the accuracy of pattern shape recognition
  • ArrowType - a symbol from 1 to 17
  • ArrowVShift - vertical shift of arrows in pixels  
  • ShowLevels - show levels
  • ColUp - color of an upward line
  • ColDn - color of a downward line.

Note. Arrows appear on a forming bar and do not disappear.

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

Recommended optimization parameters: PeriodBars.

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**   All Symbols   x   All Timeframes   scan just by pressing scanner button ** *** Contact me after the purchase to send you instructions and add you in "Order Block group" for sharing or seeing experiences with other users. CURRENT PRICE $39..... Future Price $200 Introduction: The central banks and financial institutions mainly drive the market,   Order block is considered a market behavior that indicates accumulation of orders from banks and institutions, then   the market tends to make a sh
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Version 1.1 2021.09.03
Fixed the type of the K variable in the properties window.