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Double Top / Bottom 3.0

Metatrader Indicator (MT4/MT5)

  • Overview

    A double top or bottom is a chart pattern, characterized by two consecutive peaks or valleys in price, that signals a potential price reversal. Efficient reversals take place after a prolonged trend. This price pattern is more reliable on higher timeframes.

    • Easy to use
    • Customizable colors and sizes
    • It implements breakout signals
    • It implements alerts of all kinds
  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Indicator Settings
    The amplitude reprents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back. Less bars to evaluate means the indicator will load faster.
    Patterns
    Choose the colors of the patterns.
    Breakouts
    The indicator implements breakouts to make trading easier. You can select the breakout period (in bars) and the color of the arrows to be displayed in the chart.
    Alerts
    Enable or disable alerts at will.
  • ? FAQ
    Does the indicator repaint?
    Yes, the indicator can repaint if the market ignores a pattern and keeps moving in the same direction.
    Does the indicator implement alerts?
    Yes, it does. It implements alerts of all inds.
  • Comments

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Screenshots

Double Top / Bottom Indicator for Metatrader
Double Top / Bottom Indicator for Metatrader
Double Top / Bottom Indicator for Metatrader
Double Top / Bottom Indicator for Metatrader
Double Top / Bottom Indicator for Metatrader