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The “head and shoulders” pattern is a chart shape that resembles a base line with three vertices, the two outer ones are close in height, and the middle one is
– the highest one. It predicts a trend reversal from bullish to bearish and is considered one of the most reliable reversal patterns
the trend. This is one of several upper patterns that, with varying degrees of accuracy, signal that the trend is nearing
the end. [

The manual
installation instructions
| The manual
by update
| Elimination
Troubleshooting
| FAQ
| All
products
]

  • Clear trading signals
  • Customizable colors and sizes
  • Implements performance statistics
  • Customizable Fibonacci Retracement Levels
  • Displays the appropriate stop loss and take profit levels
  • The indicator can be used to search for continuation or reversal patterns.
  • It is not repaint and not repaint
  • It implements email / audio / visual alerts

settings

When loading the indicator on any chart, you will be presented with a set of options as input parameters. Don’t despair if you
you think that there are too many of them, because the parameters are grouped into obvious blocks. This is what each parameter block does.

  • Amplitude-The amplitude represents the minimum number of bars between alternative price points. To find the big ones
    samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. You can upload
    The indicator is displayed many times on the chart with different amplitudes.

  • Minimum Retracement – the minimum Fibonacci retracement required for the pattern. Set it to zero to avoid evaluating it.
  • Maximum. Retracement – the maximum possible Fibonacci retracement in the pattern. Set it to zero to avoid evaluating it.
  • Neck Flatline Ratio – This parameter describes how “flat” should cut the neck of the drawing.
  • Max History Bars – the number of past bars to evaluate when the indicator is loaded on the chart.
  • Show Statistics – Show or hide the statistics panel and performance data.
  • Show SL / TP Levels-Show or hide the appropriate SL and TP levels for each signal.
  • Drawing options – Colors and sizes for bullish or bearish lines and labels, as well as font sizes.
  • Breakouts – Colors and sizes of the breakout arrows.
  • Alerts – Enable or disable alerts as desired.

author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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The “head and shoulders” pattern is a chart shape that resembles a base line with three vertices, the two outer ones are close in height, and the middle one is
– the highest one. It predicts a trend reversal from bullish to bearish and is considered one of the most reliable reversal patterns
the trend. This is one of several upper patterns that, with varying degrees of accuracy, signal that the trend is nearing
the end. [

The manual
installation instructions
| The manual
by update
| Elimination
Troubleshooting
| FAQ
| All
products
]

  • Clear trading signals
  • Customizable colors and sizes
  • Implements performance statistics
  • Customizable Fibonacci Retracement Levels
  • Displays the appropriate stop loss and take profit levels
  • The indicator can be used to search for continuation or reversal patterns.
  • It is not repaint and not repaint
  • It implements email / audio / visual alerts

When loading the indicator on any chart, you will be presented with a set of options as input parameters. Don’t despair if you
you think that there are too many of them, because the parameters are grouped into obvious blocks. This is what each parameter block does.

  • Amplitude-The amplitude represents the minimum number of bars between alternative price points. To find the big ones
    samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. You can upload
    The indicator is displayed many times on the chart with different amplitudes.

  • Minimum Retracement – the minimum Fibonacci retracement required for the pattern. Set it to zero to avoid evaluating it.
  • Maximum. Retracement – the maximum possible Fibonacci retracement in the pattern. Set it to zero to avoid evaluating it.
  • Neck Flatline Ratio – This parameter describes how “flat” should cut the neck of the drawing.
  • Max History Bars – the number of past bars to evaluate when the indicator is loaded on the chart.
  • Show Statistics – Show or hide the statistics panel and performance data.
  • Show SL / TP Levels-Show or hide the appropriate SL and TP levels for each signal.
  • Drawing options – Colors and sizes for bullish or bearish lines and labels, as well as font sizes.
  • Breakouts – Colors and sizes of the breakout arrows.
  • Alerts – Enable or disable alerts as desired.

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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Published

18 April 2019

Updated

Current Version

4.0

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