Double top is a very common chart pattern, as its name indicates, it consists of two tops, and these two tops need to be in a relative flat price level. One of the top can't be much higher or lower than the other.
This indicator will detect and highlight double top pattern automatically on chart and alert you via SMS, email and sound.
Features:
Adjust the threshold between two tops. Adjust the number of bars used to form each top. Check if the first top is the highest in a given number of bars Adjust the number of bars between two tops. Switch of alert.
A detailed instruction will show you how to properly adjust each input.
It works on all timeframes and any symbol.
You can also load more than one with different inputs to get more results on chart.
Release Notes
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Step input can be increased by 0.1
Release Notes
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It uses a new algorithm now, it will get more results than before.
Release Notes
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Update to V5 with max_bars_back=1000
Release Notes
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fixed a bug
Release Notes
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Upgrade to 3 sets of input, it will get more signals than before.
Release Notes
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Update new feature, enable "use High Low" will use high and low wick to check the top, otherwise it will use open and close. Also changed the min value of "Strength" to 2 instead of 3.
hi..can i test this double top..please allow me to access
aliasnoa
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How can I use the double top and double bottom indicators? Also is the source code accessible because I would like to merge them into just 1 indicator. Thanks!
Can I trial this indicator?