One of three lack of these platforms, the lack of algorithms for pattern recognition
Development and testing of this tool could be complicated and long,
Therefore, I suggest the development of each pattern separately, and their subsequent Collection.
Time is presented with the x-axis coordinate system.
Time (X)
Price is presented with the y-axis coordinate system.
Price (Y)
Downtrend line dots
D1(x1,y1) and D2 (x2, y2)
Uptrend line dots
U1(x1, y1)and U2(x2, y2)
Formula for calculating the line(edges), through the two points, fractals
Y-Y1 =((Y2-Y1) / (X2-X1)) * (X-X1)
X = Time and Y= Price
Price(Period)= ((Price2-Price1) / (Time2-Time1)) * (Period -Time1) +Price1
Distance Formula: Given the two points (x1, y1) and (x2, y2), the distance between these points is given by the formula:
d=((x2-x1)^2 + (y2-y1)^2)^1/2
Triangle
1.As a starting point I suggest fractals
2. Triangle edges
UpTrendLine(U)
Closing price is greater than or equal to the closing price of the previous Point (fractal)
U1(y) <= U2(y) <= U3(y)...
DownTrendLine(D)
Closing price is less than or equal to the closing price of the previous Point (fractal)
D1(y) >= D2(y) >= D3(y)...
3.The triangle pattern, have least 4 confirmation points,
two or more for the drop-down edge of the triangle,
two of more for the growing edge of the triangle.
4. One confirmed, the triangle, it locks, Further price change does not affect him
Closing price is always located within the edges of the triangle,
the Triangle Edge line (y) value for each (x) can be obtained by using the formula
Y-Y1 =((Y2-Y1) / (X2-X1)) * (X-X1)
5. Closing price is always located within the edges of the triangle
6. Punching edge down or up, it gives a signal to sell or buy
7. (D1, X) and (U1, X) lines should not be longer than 5 or 6 times (D1, U1) line
8. (D1, X) must be at least two-third of the length of (U1, X) line
(U1, X) must be at least two-third of the length of (D1, X) line