Indicators: Cup and Handle

Cup and Handle Indicator

Display Cup and Handle !

The Cup with Handle is a bullish continuation pattern. It must therefore be preceded by a bullish trend, the cup should not exceed 50% retracement of this bullish trend, like the handle which should not exceed 50% of the depth of the cup.

The target of this pattern is to report the depth of the cup above the neck line.

Description

The indicator displays Cup and Handle on charts by indicating them with :

• orange arrows on key points,
• Cup and Handle triangles,
• Cup and Handle lines,
• a display of the theoretical objective.

Different display options available.

Parameters can be adjusted in a very simple way to display the Cup and Handle that meet your criteria. All these settings can be made without modifying the code, in the configuration menu of the indicator.

Adjustable validation criteria :

• Number of scanned candles before the cup,
• Maximum neckline's slop,
• Handle's Length in relation to the cup,
• Minimum and maximum depth of the cup,
• Minimum and maximum depth of the handle.

Available filters :

• Actual stock price is near the neckline,
• Actual stock price is breaking out the neck line,
• Actual stock price in the area of the potential handle bottom.

Display Options :

• Arrows on key points,
• Cup and Handle triangles,
• Cup and Handle lines,
• Theoretical objective

Video user guide (english subtitles available) :

Details of available settings :

Download guide

Characteristics

• Works on all TimeFrames
• ProRealTime V11 and later versions compatible,
• Free ProRealTime (daily closings) compatible,
• Automatic and free updates for life.

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Disclaimer

Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.