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Complex head and shoulders MT5

An indicator of patterns #24, #25, #26 and #27 ("Head and Shoulders", "Complex 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. The smaller the value is, the smoother the row of peaks/valleys should be, so fewer patterns will be recognized
  • Head1 - with one head (normal "Head and Shoulders")
  • Head2 - with two heads
  • Head3 - with three heads
  • Head4 - with four heads
  • Head5 - with five heads  
  • 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, K, different combinations of parameters Head1 - Head5.

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Cat bounce
Dmitry Fedoseev
An indicator of pattern #54 ("Dead cat bounce") 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 GapSize - minimum gap size in points ArrowType - a symbol from 1 to 17 ArrowVShift - vertical shift of arrows in points   Auto5Digits - automatic multiplication of GapSize and ArrowVShift by 10 when working
Exp iCustomNew
Dmitry Fedoseev
4.43 (7)
The exp_iCustomNew Expert Advisor allows to trade using any custom and standard indicators, using their various values: arrows, the intersection of two lines, level crossing, extremum, color. To define the entry signal, the EA can use one main indicator and up to four indicators to confirm by trend and up to four indicators to confirm by volatility. Confirmation indicators can be calculated on any other symbol and timeframe. Additionally, the entry signals are filtered by time (up to three sessi
An indicator of pattern #55 ("Dead cat bounce, inverted") 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 GapSize - minimum gap size in points ArrowType - a symbol from 1 to 17 ArrowVShift - vertical shift of arrows in points   Auto5Digits - automatic multiplication of GapSize and ArrowVShift by 10 whe
An indicator of patterns #24, #25, #26 and #27 ("Head and Shoulders", "Complex 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. The smaller the value is, the smoother the row of peaks/valleys shou
An indicator of patterns #9 and #10 ("Cup with handle") 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 K1 - an additional parameter that influences the accuracy of recognition and pattern shape (the lower the value, the smoother the cup edge is) K2 - an additional parameter that influences the accuracy
Double top or bottom
Dmitry Fedoseev
3 (1)
An indicator of patterns #13 - #20 ("Double Tops" and "Double Bottoms", types Adam-Adam, Adam-Eva, Eva-Adam, Eva-Eva) from Encyclopedia of Chart Patterns by Thomas N. Bulkowski. Adam - sharp tops/bottoms, Eva - flat ones. 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. The smalle
An indicator of patterns #2 and #3 ("Broadening formation right-angled and ascending" and "Broadening formation right-angled and descending") 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. The smaller the value is, t
An indicator of patterns #1 and #4 ("Broadening Tops" and "Broadening Bottoms") from Encyclopedia of Chart Patterns by Thomas N. Bulkowski.   Version 1: bottom, top, bottom, top, top breakout. Version 2: top, bottom, top, bottom, top breakout. Parameters: Alerts - show alert when an arrow appears   Push - send a push notification when an arrow appears (requires configuration in the terminal) Variant1 - show version 1 of the pattern Variant2 - show version 2 of the pattern PeriodBars - indicat
An indicator of patterns #5 and #6 ("Wedges, ascending, broadening" and "Wedges, descending, broadening") 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 ArrowType - a symbol from 1 to 17 ArrowVShift - vertical shift of arrows in points   ShowLevels - show levels ColUp - color of arrow up СolDn - color
Falling wedge
Dmitry Fedoseev
An indicator of patterns #52 and #53 ("Falling/rising wedges") 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 points   ShowLevels - show line
Flag
Dmitry Fedoseev
An indicator of patterns #21, #22, #23 ("Flag") 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 - period in bars K - an additional parameter that influences the accuracy of pattern shape recognition. The influence of the parameter will be visible if not all of the pattern variants are enabled (not all three parameters Expandin
Gap
Dmitry Fedoseev
5 (1)
Gap indicator (pattern #23) 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) GapSize - minimum gap size in points ArrowType - a symbol from 1 to 17 ArrowVShift - vertical shift of arrows in points   Auto5Digits - automatic multiplication of GapSize and ArrowVShift by 10 when working with 5 and 3 digit quotes. Note. Arrows appear at t
Gap island
Dmitry Fedoseev
An indicator of pattern #30 ("Island Reversal") from Encyclopedia of Chart Patterns by Thomas N. Bulkowski (two gaps, the second gap is in the direction of the first one). 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 lin
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 points   ShowLevels - show levels Co
An indicator of patterns #28 and #29 ("Horn bottoms" and "Horn 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) BarsInsideFrom - minimum number of bars between the tops BarsInsideAdd - the number of bars between the tops can be in the range from BarsInsideFrom to BarsInsideFrom+BarsInsideAdd-1. If the value is -1, the number of
Long island
Dmitry Fedoseev
An indicator of pattern #31 ("Long Island") 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) 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 multi
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
An indicator of patterns #32 and #33 ("Measured Move Up/Down") 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 MinMovment - minimum movement value (in points) BackMovment - maximum value of return movement (as decimals) ArrowType - a symbol from 1 to 17 ArrowVShift - vertical shift of arrows in points   Sh
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 accurac
An indicator of patterns #7 and #8 ("Bump-and-Run" and "Bump-and-Run Reversal") 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 - Character: from 1 to 17 ArrowVShift - vertical shift of arrows in points   Show
An indicator of patterns #37 and #38 ("Rectangle Tops" and "Rectangle Bottoms") 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 VertexCount - the number of tops and bottoms: 2, 3, 4.   ArrowType - a symbol from 1 to 17 ArrowVShift - vertical shift of arrows in points   ShowLevels - show levels ColUp - colo
An indicator of patterns #11 and #12 ("Diamond Tops" and "Diamond Bottoms") 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 points  Note. Arrows
An indicator of patterns #39 and #40 ("Rounding Tops" and "Rounding Bottoms") 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. Changes from 0 to 1 ArrowType - a symbol from 1 to 17 ArrowVShift - vertical shift of arrows
An indicator of pattern #49 ("Triangle, symmetrical") 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 points   ShowLevels - show lines ColUp -
An indicator of patterns #47 and #48 ("Triangle, ascending" and "Triangle, descending") 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 K1 - an additional parameter that influences the accuracy of pattern shape recognition K2 - an additional parameter that influences the accuracy of pattern shape recogn
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