Indicator iPatterns.ex5 detects 8 different classes of volatility patterns.
DD, SD, RD, SSD are the so-called "bottoms".
DV, SV, RV, SSV are "peaks".
User can set up an Alert to be notified about a new pattern detected.
Parameters 'Pattern maximal height' and 'Pattern minimal height' work
as filters.
'iBB period' and 'iBB deviation' parameters regulate performance of
BollingerBands indicator - it provides one of the signals
forming already mentioned above 8 patterns.
iPatterns.ex5 is part of TS_DayTrader trading system - check out our blog on MQL5.
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Author: Alexey Grebyonkin[RU],
Main Software Engineer: Viktor Kokotin[RU],
Prototyp und Berater bei der System Entwicklung: Alexander Krutsch[DE]
iPatterns 4.53, released on Aug 16 2022.
