Double Top / Bottom 5.6

Name: PZ Double Top / Bottom Indicator for Metatrader (MT4/MT5)
Price: 75 USD
Author: Arturo Lopez Perez

Индикатор Metatrader (MT4/MT5)

ℹ Обзор

The PZ Double Top/Bottom Indicator is a technical analysis tool that helps traders identify potential price reversal patterns in the market. These patterns, known as double tops and bottoms, are characterized by two consecutive peaks or valleys in the price of an asset. Double tops and bottoms are often seen as potential reversal patterns because they can signal a change in the direction of the current trend.

The PZ Double Top/Bottom Indicator provides clear trading signals to help traders identify these patterns and make informed decisions about their trades. In addition to identifying double tops and bottoms, the indicator also provides performance statistics, customizable recognition ratios, and displays suitable stop-loss and take-profit levels to help traders manage their trades.

Some other features of the PZ Double Top/Bottom Indicator include customizable colors and sizes, email/sound/visual alerts. This indicator is easy to use and can be a valuable tool for traders looking to capitalize on potential price reversal patterns in the market.

Please note that these patterns can sometimes expand, and the indicator may repaint to follow the pattern. However, the indicator implements a twist to make it easier to trade by waiting for a Donchian breakout in the right direction before signaling the trade, making its signals very reliable and mostly non-repainting.
≡ Входные параметры

При загрузке эксперта на любой график вам будет представлен набор опций в качестве входных параметров. Не отчаивайтесь, если вам кажется, что их слишком много, потому что параметры сгруппированы в понятные блоки.

Amplitude

The amplitude represents the minimum amount of bars between alternative price points. To find big patterns, increase the amplitude parameter. To find smaller patterns, decrease the amplitude parameter.

Breakout Period

A donchian breakout is needed for a signal to arise after a pattern is found, and this indicator controls the amount of bars used in aforementioned breakout.

Min. Retracement

The minimum fibonacci retracement needed in a pattern.

Max. Retracement

The maximum fibonacci retracement possible in a pattern.

Max History Bars

Amount of past bars to evaluate when the indicator loads in the chart.

Display Stats

Show or hide the statistics dashboard and performance data.

Display SL/TP Levels

Show or hide the suitable stop-loss and take-profit levels for each signal.

Drawing Options

Colors and sizes for bullish or bearish lines and labels, as well as font sizes.

Breakouts

Colors and sizes for breakout arrows.

Alert Events

Enable or disable alerts for patterns and breakouts.

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. However, breakouts are mostly non repainting. A high "breakout period" value will decrease the repainting significantly.

Does the indicator implement alerts?

Yes, it does. It implements alerts of all kinds.
</> Разработчики
Чтобы создать своего личного помощника, вы можете считывать данные с индикатора с помощью функции iCustom (), как указано ниже. У индикатора есть один дополнительный буфер, единственная цель которого - хранить торговые сигналы в виде констант: это единственный буфер, из которого вам нужно читать. Скопируйте и вставьте приведенный ниже код в свой личный помощник и замените имя индикатора вызова iCustom () своим собственным.
```
//---- Read value from data buffer
int start()
{
// Read signal and pattern
double pattern = iCustom(Symbol(), Period(), "PZ_DoubleTopBottom_LICENSENUM", 0, 1);
double signal   = iCustom(Symbol(), Period(), "PZ_DoubleTopBottom_LICENSENUM", 1, 1);
// Do something
if(pattern == OP_BUY)    { /* Your code for double bottom (no breakout yet) */ }
if(pattern == OP_SELL)   { /* Your code for double top (no breakout yet) */ }
if(signal == OP_BUY)      { /* Your code for bullish breakout */ }
if(signal == OP_SELL)     { /* Your code for bearish breakout */ }
if(signal == EMPTY_VALUE) { /* Your code if no pattern or breakout */}
// Exit
return(0);
}
```