![]() ![]() Spreads, Straddles, and other multiple-leg option orders placed online will incur $0.65 fees per contract on each leg. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. Past performance of a security or strategy is no guarantee of future results or investing success. ![]() Market volatility, volume and system availability may delay account access and trade executions. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. Not a recommendation of a specific security or investment strategy.ĭo Not Sell or Share My Personal Information Sell signals for Array patterns meeting perfection criteria. Sell signals for Formation patterns meeting perfection criteria.īuy signals for Array patterns meeting perfection criteria. The number of bars in the Formation pattern.Ĭonsists of "formation period" consecutive bars with: Close Close.ĭisplays "array period" bars satisfying the condition: Close = Highīuy signals for Formation patterns meeting perfection criteria. Perfection Criteria Formation Buy Perfection Criteria Those are shown if the sequences meet the so-called Perfection Criteria listed in the following table. Along with that, a new Formation in the same direction is ignored by the study and is not plotted on the chart.Īfter having found a Formation pattern or a Formation/Array sequence, the study indicates Buy and Sell signals. Note that the Formation/Array sequence is canceled in case of occurrence and completion of the opposing Formation. Once the Array pattern is recognized, the bars are given numbers from 1 to 13 by default (the number of bars can be defined according to your preferences by the array period input parameter). The Array Sell pattern involves a number of bars (not necessarily successive) each having the Close price not less than the High two bars ago. The Array Buy pattern involves a number of bars (not necessarily successive) each having the Close price not greater than the Low two bars ago. The Array phase begins with the last bar of the Formation (or with the Intersection bar, whichever is later). Once the Intersection condition is fulfilled, it is a signal for seeking an Array pattern. Conversely, for a Sell Formation pattern, that condition is existence of a bar having the Low price less than or equal to the High three or more bars ago (but not earlier than the beginning of the Formation pattern). For a Buy Formation pattern, that condition is existence of a bar having the High price greater than or equal to the Low three or more bars ago (but not earlier than the beginning of the Formation pattern). The latter might occur after an Intersection condition is fulfilled. Once a Formation pattern is recognized, the bars are given numbers from 1 to 9 by default (the number of bars can be defined according to your preferences by the formation period input).Īfter the Formation pattern has occurred, the study starts seeking an Array pattern. The Sell Formation pattern occurs when there is a sequence of bars each having the Close price greater than that four bars ago. The Buy Formation pattern occurs when there is a sequence of bars each having the Close price less than that four bars ago. The Sequence Counter study searches for Formation patterns with subsequent Array pattern occurrence. ![]()
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