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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 a downward line
- Auto5Digits – automatic multiplication of ArrowVShift and GapSize by 10 when working with 5 and 3 digit quotes.
Note. Arrows appear on a forming bar and can disappear during bar formation. Notification (Alerts and Push) are generated based on a formed bar.
It cannot be guaranteed that the indicator recognizes the patterns exactly as implied by the author.
Recommended optimization parameters: GapSize.
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