Hi Distro Forex Friends,
The Cup and Handle pattern is a technical price formation that resembles a cup and handle, where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern -the handle- is smaller than the left-hand side -cup-, and retraces no more than 50% from the top. It can be both a continuation and a reversal pattern.
- Clear trading signals
- Customizable colors and sizes
- Implements performance statistics
- Customizable sizes and pattern characteristics
- It displays suitable stop-loss and take-profit levels
- It is non-repainting and non-backpainting
- It implements email/sound/visual alerts
Enter Parameters for PZ Cup and Handle :
- Amplitude: The amplitude represents the minimal quantity of bars between different worth factors. To search out large patterns, enhance the amplitude parameter. To search out smaller patterns, lower the amplitude parameter.
- Cup Flatness Ratio : This parameter describes how “flat” should the highest of the cup be relative to the cup measurement. The next worth will discover stricter patterns, but much less frequent. A decrease worth will discover extra patterns.
- Min Handle Retracement : The minimal p.c retracement wanted within the deal with of the sample.
- Max. Retracement: The minimal p.c retracement attainable within the deal with of the sample.
- Max Historical past Bars: Quantity of previous bars to guage when the indicator masses within the chart.
- Show Stats: Present or cover the statistics dashboard and efficiency knowledge.
- Show SL/TP Ranges: Present or cover the stop-loss and take-profit ranges.
- Drawing Choices: Colours and sizes for bullish or bearish traces and labels, in addition to font sizes.
- Breakouts: Colours and sizes for breakout arrows.
- Alerts: Allow or disable alerts at will.
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