A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. It predicts a bullish-to-bearish trend reversal and is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that a trend is nearing its end.
- Clear trading signals
- Customizable colors and sizes
- Implements performance statistics
- Customizable Fibonacci retracement levels
- Displays suitable stop-loss and take-profit levels
- The indicator can be used to find continuation or reversal patterns
- It is non-repainting and non-backpainting
- It implements email/sound/visual alerts
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