An indicator of patterns #11 and #12 ("Diamond Tops" and "Diamond Bottoms") 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
- K - an additional parameter that influences the accuracy of pattern shape recognition
- ArrowType - a symbol from 1 to 17
- ArrowVShift - vertical shift of arrows in points
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.
