Head Shouder Pattern
The Head and Shoulders pattern is a classic reversal pattern in technical analysis. Comprising three peaks, with the central peak higher than the other two, it resembles a head with shoulders. Traders employ this pattern to anticipate trend reversals. Accurate detection of these patterns is bolstered by Amibroker data feeds, facilitating prompt recognition and informed trading decisions.
/_SECTION_BEGIN("HDC");
/* HaDiffCo Modified */
HaClose=(O+H+L+C)/4;
HaOpen=AMA(Ref(HaClose,-1),0.5);
HaHigh=Max(H,Max(HaClose,HaOpen));
HaLow=Min(L,Min(HaClose,HaOpen));
HaDiffCO = (HaClose-HaOpen);
VarRedLine = WMA(HaDiffCO,5);
VarBlueLine = MA(HaDiffCO,8);
Per = Param("MA Periods",8,3,50,1);
Plot(HaDiffCO,"HaDiffCO",colorDarkRed);
Title = "D_Opt HaDiffCO";
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 100, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
Color = ParamColor("Color", colorCycle );
Style = ParamStyle("Style");
Plot( BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(), Color, Style );
Plot( BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(), Color, Style );
VarAMA = Param("varAMA",0.1,0,2,0.01);
HaClose2=(H+L+C)/3;
HaOpen2=AMA(Ref(HaClose2,-1),VarAMA);
HaHigh2=Max(H,Max(HaClose2,HaOpen2));
HaLow2=Min(L,Min(HaClose2,HaOpen2));
HaDiffCO2 = HaClose2-HaOpen2;
Plot(HaDiffCO2,"HaDiffCO2",colorGreen);
VarAMA3 = Param("varAMA2",1,0,2,0.1);
HaClose3=(H+L+C)/3;
HaOpen3=AMA(Ref(HaClose3,-1),VarAMA3);
HaHigh3=Max(H,Max(HaClose3,HaOpen3));
HaLow3=Min(L,Min(HaClose3,HaOpen3));
HaDiffCO3 = HaClose3-HaOpen3;
Plot(0,"0",colorBlack,styleDots);
_SECTION_END();