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Head and shoulders

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Indicator of patterns # 24 and # 26 (“Head and shoulders”) from the book by Thomas N. Bulkovsky “The Complete Encyclopedia of graphical price models”.

Parameters:

  • Alerts-Enable alerts when an arrow appears  
  • Push-Sending a push notification when an arrow appears (requires configuration in the terminal)
  • PeriodBars – Indicator period
  • K – An additional parameter that affects the accuracy of recognition and the shape of the pattern
  • ArrowType-Icon: from 1 to 17
  • ArrowVShift – Vertical shift of icons in points  
  • ShowLevels – Show levels
  • ColUp – Color of the lines up
  • ColDn – Color of the lines down
  • Auto5Digits-Automatic multiplication of ArrowVShift by 10 when working on 5-and 3-digit quotes.

Note. The arrows appear on the forming bar, but do not disappear after they appear.

Note. The arrows appear on the forming bar, but do not disappear after they appear.

There is no guarantee that the indicator recognizes the pattern exactly as the author of the book intended.

Parameters recommended for optimization: PeriodBars.

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