量化交易系统

MT5-Rectangle top or bottom MT5

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Main Image

An indicator of patterns #37 and #38 ("Rectangle Tops" and "Rectangle 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
  • VertexCount - the number of tops and bottoms: 2, 3, 4.
  • ArrowType - a symbol from 1 to 17
  • ArrowVShift - vertical shift of arrows in piхels
  • 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, K for different values of VertexCount.