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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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