• Overview
  • Reviews
  • Comments

Pipe shaped top or bottom

An indicator of patterns #35 and #36 ("Pipe bottoms" and "Pipe tops") 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 - An indicator period (number of bars that form a top/a bottom)
  • K1 - an additional parameter that influences the accuracy of pattern shape recognition
  • K2 - an additional parameter that influences the accuracy of pattern shape recognition
  • K3 - an additional parameter that influences the accuracy of pattern shape recognition
  • ArrowType - a symbol from 1 to 17
  • ArrowVShift - vertical shift of arrows in points  
  • Auto5Digits - automatic multiplication of ArrowVShift by 10 when working with 5 and 3 digit quotes.

Note. Arrows appear on a forming bar and can disappear during bar formation. Notifications (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: PeriodBars, K1, K2, K3.

No reviews