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Cup with handle

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 of recognition and pattern shape (the lower the value, the smaller the cup handle is, a value greater than 1 does not make sense)
  • 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 multiplication of ArrowVShift by 10 when working with 5 and 3 digit quotes. 

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, K1, K2.

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