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Technical Analysis Continuation Pattern: Descending Triangle Indicator


This 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

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