Pipe shaped top or bottom
- Dmitry Fedoseev
- Version: 1.2
- Updated: 19 June 2021
- Activations: 5
An indicator of patterns #35 and #36 ("Pipe bottoms" and "Pipe tops") from Encyclopedia of Chart Patterns by Thomas N. Bulkowski.
- 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.