Friday, October 6, 2017

Complex head and shoulders

Complex head and shoulders


The indicator patterns №24, №25, №26 and №27 ( "head and shoulders", "Integrated head and shoulders") of Thomas N. Bulkovsky book "The Complete Encyclopedia of price patterns." 

Options:

  • Alerts - Enable alerts when a arrow  
  • Push - Push-sending notifications when the arrow (requires setting in the terminal)
  • PeriodBars - Indicator Period
  • K - additional parameter affecting the recognition accuracy and the shape of the pattern. The lower the value, the smoother in a row should be placed peaks / troughs, and the less will be meeting pattern
  • Head1 - with one head (conventional "head and shoulders")
  • Head2 - with two heads
  • Head3 - with three heads
  • Head4 - with four heads
  • Head5 - with five heads  
  • ArrowType - Icon: from 1 to 17
  • ArrowVShift - Shifting icons for points in the vertical  
  • ShowLevels - Show levels
  • ColUp - Color lines up
  • ColDn - Color lines down
  • Auto5Digits - Automatic multiplication ArrowVShift 10 when operating at 5 and 3-digit quotations.

Note. Arrows appear in the emerging bar, after the appearance does not disappear.  

No warranty that the indicator recognizes the pattern exactly as implied author.

Parameters recommended to optimize: PeriodBars, K, and different combinations of parameters: Head1 - Head5.


Complex head and shoulders

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