SRPatterns

This is a pattern detection indicator. It also draws Support and Resistance lines, depending on user settings.

Main features:

1. Draws Support and Resistance lines of the SRPeriod
2. Detects four patterns including Pin bars, Engulfing bars, Pingulfing bars and 2 bar reversal patterns
3. Includes the feature to enable/disable Support and Resistance lines
4. Includes the feature to enable/disable detection of any of the specified patterns
5. Includes the feature to enable/disable alerts
6. Every candle pattern is represented by different arrow type (Please see the screenshot)
   

The input parameter details are as follows.

General Settings:

• Offset - Distance of the arrow from the bar in pips.
• alertOn - If true, the indicator will keep alerting you on signals.
• ConsiderSR - If true, the indicator will only consider the patterns formed on Support/Resistance lines. If false, it will indicate all patterns regardless of whether the pattern was formed on Support/Resistance lines or not.

S/R Settings:

SRPeriod - SR will consider last SRPeriod number of last bars for Support and Resistance lines.

PinBar Settings:

• ConsiderPinBar - If true, the indicator will alert on pin bar on Support and Resistance levels.
• PBRatio - The body ratio for the pin bars.
• MinBarSize - Minimum bar size in pips.

Engulfing Settings:

• ConsiderEngulfingPattern - If true, the indicator will alert on Engulfing Patterns on Support and Resistance levels.
• MinBarSizeEngulfing - Minimum bar size in pips for engulfing candle.

Pingulfing Settings:

• ConsiderPingulfingPattern - If true, the indicator will alert on Pingulfing on Support and Resistance levels.
• MinBarSizePingulfing - Minimum bar size in pips for Pingulfing candle.

Pattern Reversal Settings:

• ConsiderPatternReversal - If true, the indicator will alert on pattern reversal on Support and Resistance levels.