An indicator of patterns #32 and #33 (“Measured Move Up/Down”) 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
- MinMovment – minimum movement value (in points)
- BackMovment – maximum value of return movement (as decimals)
- 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
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, MinMovment, BackMovment.
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