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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 – 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, K for different values of VertexCount.
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