Semaphore and ABC Pattern
- The indicator places Semaphore points on the maximum and minimum of a higher, medium and lower period.
- It includes A,B,C Triangles for easier spotting of reversal chart pattern which occurs very frequently and has a very high success ratio.
- Both Semaphore and A,B,C Triangles have Alerts and Push notifications to a mobile device when they occur on the chart.
- These indicators are very useful for breakout trading and spotting support/resistance levels which gives good opportunities for positions.
- ShowSemafors - show or hide the semaphores (default true)
- PeriodLast - checks the specified number of previous bars to see if they are lower/higher than current semaphore (default 12.0)
- PeriodPips - checks if the current High(Low) is higher(lower) than the last High(Low) between the specified number of pips (default 34.0)
- PeriodBars - you can input the minimum number of bars which are required for a new extremal semaphore to occur (default 234.0)
- WidthLow - width of lower semaphore point (default 5)
- WidthMed - width of medium semaphore point (default 5)
- WidthExtr - width of extremal semaphore point (default 5)
- BarsCount - bars from which semaphores start drawing on the chart (default 3000)
- ShowTriangles - show or hide the triangles (default true)
- FillUp - filling the triangle with the chosen color (default false)
- ShowMarks - show mark with the price of the side on triangle (default true)
- BuyTriangle - color of the Buy Triangle (default is blue)
- SellTriangle - color of the Sell Triangle (default is red)
- BuyMark - color of the buy price mark (default dodger blue)
- SellMark - color of the sell price mark (default red)
- Width - width of lines which forms the triangles (default 3)
- ShowAlert - desktop alert for semaphore (default true)
- ShowAlertTr - desktop alert for triangles (default true)
- PushAlert - mobile phone alert for semaphore (default true)
- PushAlertTr - mobile phone alert for triangles (default true)
How to configure the indicator?
- The indicator is configured with default settings which are most effective.
- If you want to experiment and try different settings you can open Indicator list, choose AI_Semaphore+ABC and click on "Inputs" tab.
- Check the Screenshots to see how to input your parameters correctly.
Сheck the specified number of previous bars to see if they are lower/higher than current semaphore.
Optimization of the code.