The quadrangular pattern indicator is designed to work on hourly timeframes. The indicator displays a four-cornered figure whose corners are:
1 opening day
2 max days
3 day closing
4 days minimum
The essence of the system is in the visual determination of the subsequent movement:
If the last pattern has a contraction and the contraction is less than the bottom of the pattern, THE TREND IS FORECAST TO CONTINUE (minimum by the size of the bottom)
If the last figure has an extension greater than the bottom of the pattern, A POSSIBLE REVERSAL OF TREND IS FORECASTED (at least by the size of the bottom)
If the bottom and the end of the figure are visually equal, A CORRECTION IS PREDICTED
Constriction 3 is less than base 1 == Trend is forecast to continue
Narrow 4 is approximately equal to base 2 == Flat is predicted
Narrow 6 greater than base 5 == Trend change predicted
constriction 9 greater than base 7 == Trend reversal predicted
Constriction 11 greater than base 8 ==Reversal of trend predicted
