Quasimodo Pattern

Description

The algorithm of this indicator automatically detects the famous “Quasimodo pattern” in real time. The “quasimodo pattern” is one of the best set-ups. Often it forms after a trend and indicates a rebound, other times it forms in a trend and is a continuation pattern.

This pattern is very useful because it allows you to operate above all on the volatility that is formed between well-defined levels.

Examples

Interface’s Indicator

1. Depth: Value of the period, between a new maximum and a new minimum. This variable affects the size of the Pattern
2. Deviation : It is the maximum of points to discard a new extremum. This variable affects the size of the Pattern.
3. Backstep : is the maximum of bars to discard a new extremum and replace it, if a new one is found.
4. Accuracy: Allows you to increase or decrease the precision of the signal with respect to the “entry” level
5. ZigZagLine: Show Fractal indicator to set up dimension of the pattern rapidly
6. R or R1: select value of RED
7. G or G1: select value of GREEN
8. B or B1: select value of BLUE
9. Trading Rules: Plot on the Graph the levels of “entry”, “Stop loss”, “Take Profit”
10. DelaySignal: Quasimodo signal persistence bars (allows you to adjust the persistence time of the signal)

Set Alarm:

In ProRealTime you can use the alarm to receive a real-time notification of the signal. Using alarm you can know at any time if the Quasimodo pattern is occurring on other markets and other time frames.

1. Select the market
2. Select the time frame
3. Set the indicator on the chart or below the chart
4. Set the alarm

Advantages of using the “Quasimodo pattern indicator”:

• Automatically identifies  “Quasimodo Pattern” and plot them on the price graph.
• Compatible with all instruments
• Compatible with all ordinary timeframes and even on tick-charts!
• Compatible with Heikin ashi, Renko, Ticks, Kagi, Three Line Break, and more
• Any pattern size can be detected at the same time.
• The signal is given in real-time and allows you to operate without any delay
• This product works in any Futures, Forex or Stock/ETF Markets