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Expanding wedge

An indicator of patterns #5 and #6 ("Wedges, ascending, broadening" and "Wedges, descending, broadening") 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
  • ArrowType - a symbol from 1 to 17
  • ArrowVShift - vertical shift of arrows in points  
  • ShowLevels - show levels
  • ColUp - color of arrow up
  • СolDn - color of arrow down  
  • Auto5Digits - automatic multiplication of ArrowVShift by 10 when working with 5 and 3 digit quotes.

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.

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Version 1.1 2021.06.19
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