Technical Analysis Continuation Pattern: Descending Triangle IndicatorThis object is a Trading Indicator. Technical Analysis Continuation Pattern: Descending Triangle Indicator was developed by bug man on June 28, 2010. The development of this Technical Analysis trading indicator demanded 3 lines. The function is named 'DescendingTriangle' and it is coded using C# language. It gets 4 parameters. The different inputs are: DecreasePer (Type: Number - Default Value: -5): Decrease in percentage PRatio (Type: Number - Default Value: 3): The ratio of the triangle height and the distance between the trendline and the support line MaxPeriod (Type: Number - Default Value: 70): Maximum period to detect the formation MinPeriod (Type: Number - Default Value: 30): Minimum period to detect the formation Example: p = DescendingTriangle(-5, 3, 70, 30); Here is how to draw the function on a chart: Plot(DescendingTriangle(-5, 3, 70, 30), "Technical Analysis Continuation Pattern: Descending Triangle Indicator", colorRed); Future and Past Bars: The method does not require future bars. It requires no old bars. Click on this link to download Technical Analysis Continuation Pattern: Descending Triangle Indicator Search terms used to find this trading item include triangle indicator, triangle pattern indicator, Triangle Trend indicator, triangle technical indicator, Continuation pattern Indicators The trading object is saved under the following categories: Technical Analysis Trading Indicators: Technical Analysis Continuation Pattern: Ascending Triangle Indicator % bars in last N trading days where stock close price increased Strategy Indicator - Percent winning trades for a trading rule Percentile - Percent Rank of a Trading Indicator Dynamic Zones RSI - Technical Indicator Fisher Transform - Technical Indicator Better Volume Indicator Vortex Oscillator KST indicator String To Number Accumulation Swing Index Date Filter Weighted Linear Regression, Slope Weighted Linear Regression Directional Trend Index Percent Bollinger Bands Relative Volatility Index Haurlan Index Dave's New System - DNS Dynamic Momentum Index |
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