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Ultimate Double Top Bottom Scanner MT5

This indicator scans for you up to 15 trading instruments and up to 21 time frames for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts.

What this indicator detects:

This indicator detects a special form of Double Tops and Bottoms, so called Double Tops/Bottoms with fake breakouts.

For double tops with fake breakouts the highest price of the right shoulder must be higher than the left shoulder. For double bottoms with fake breakouts the lowest price of the right leg must be lower than the left leg.

These special Double Tops/Bottoms are created by the smart money to accumulate its own position size. With the fake breakout the smart money traps as much traders on the wrong side of the market as possible. Then the smart money reverses the direction very sharply. The trapped traders are in panic and exit their position or even reverse their position. This makes the reversal very strong and profitable. The indicator detects exactly these games of the smart money and therefore gives you high probability entry signals.

Please read also the blog post "Professional Trading With Double Tops/Bottoms And Divergences!" which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach.

You can get alerts via MetaTrader 5, email and push notifications at the moment when a signal occurs on any timeframe and any trading instrument you have configured.

You need to install this indicator on only one single chart. The indicator then scans up to 15 instruments and 21 time frames automatically for you! Of course, if you want to scan more than 15 instruments then you can add the scanner to another chart and scan more trading instruments.


Important

The purpose of this indicator is to alert signals so that you will be able to trade these signals even with a normal day job. Therefore, on live charts you will only see the dashboard view as shown in the video. This indicator will NOT draw signals on live charts.

If you need the signals visible on live charts, then you can additionally purchase the Ultimate Double Top Bottom Reversal Indicator


Parameters

  • alertsLong: True = Yes, False = No - if true, then the indicator alerts occurrences of "Double Bottom" signals for long entries
  • alertsShort: True = Yes, False = No - if true, then the indicator alerts occurrences of "Double Top" signals for short entries
  • alertsViaMT5: True = Yes, False = No - if true, then the indicator gives alerts via MetaTrader 5 popup
  • alertsViaEmail: True = Yes, False = No - if true, then the indicator gives alerts via email
  • alertsViaPush: True = Yes, False = No - if true, then the indicator gives alerts direct to your mobile phone
  • alertsM1 - alertsMN1: True = Yes, False = No - if true, then the indicator searches for "Double Top/Bottom" signals on the appropriate time frame e.g. M1, M2 and so on. You can define which time frames will be checked.
  • templateName: - if you press a button on the chart (which contains the name of an instrument), then the appropriate chart will open and a template with the specified name will be attached
  • checkEveryXSeconds - every X seconds, the indicator checks the next instrument/timeframe for the occurrence of a "Double Top/Bottom" signal
  • i1-i15 - define up to 15 instruments, which will be monitored/checked for the occurrence of a "Double Top/Bottom" signal
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Bernhard Schweigert
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OBOS Indicator for MT5
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Renaud Candel
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PZ Support Resistance MT5
PZ Support Resistance MT5
Arturo Lopez Perez
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Modified TTM Squeeze Indicator MT5
Modified TTM Squeeze Indicator MT5
Libertas LLC
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Royale Scalping Indicator
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Mostafa Tarakameh
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Advanced Currency Strength28 MT5
Advanced Currency Strength28 MT5
Bernhard Schweigert
Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? USER MANUAL: click here The SPECIAL: Arrows in sub-window to show strong currency moment
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BinaryReversal Seeker for MT5
BinaryReversal Seeker for MT5
Renaud Candel
Binary Reversal is an exclusive indicator looking for reversals in the market. The indicator is accurate and produces effective entries both for binary options and Forex trading. The indicator displays arrows in your chart (please see screenshots attached) showing the probable reversal of price action (usually, blue arrows). Binary Reversal never repaints. Once a candle is closed, a signal is confirmed and the arrow never disappears. Users of the indicator can setup alerts when new arrows are di
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Auto TrendLine MT5
Auto TrendLine MT5
Vladimir Mametov
The indicator automatically plots significant trend lines and displays buy and sell signals.   Signals are generated for reflection and breakdown from support and resistance lines.   When a signal appears, the indicator displays it as an arrow of the specified color and also sends the message type specified in the input parameters.   In the indicator settings, you can set the signal type, the maximum distance to the trend line, the type of notifications, as well as the settings for lines and ar
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PZ Harmonacci Patterns MT5
PZ Harmonacci Patterns MT5
Arturo Lopez Perez
Dies ist wahrscheinlich der vollständigste Indikator für die automatische Erkennung der harmonischen Preisbildung, den Sie für die MetaTrader-Plattform finden können. Es erkennt 19 verschiedene Muster, nimmt Fibonacci-Projektionen genauso ernst wie Sie, zeigt die potenzielle Umkehrzone (PRZ) an und findet geeignete Stop-Loss- und Take-Profit-Werte. [ Installationsanleitung | Update-Anleitung | Fehlerbehebung | FAQ | Alle Produkte ] Es erkennt 19 verschiedene harmonische Preisbildungen Dar
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PZ Divergence Trading MT5
PZ Divergence Trading MT5
Arturo Lopez Perez
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Harmonic ABCD Monitor MT5
Harmonic ABCD Monitor MT5
Mihail Matkovskij
Multi-currency, multi-timeframe, harmonic pattern indicator AB = CD. Supports sending push notifications about signals to a mobile device, messages on e-mail, as well as messages using alerts on all available currency pairs and timeframes. This indicator was based on the indicator Harmonic ABCD Universal. Version for MetaTrader 5:  https://www.mql5.com/en/market/product/44972 . See also: Harmonic ABCD Universal for MetaTrader 4 . Using modern software development methods has made the indicator a
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Three Line Strike Scanner 30 Instruments FREE
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With this Expert Advisor you will follow the sound trading principle Buy Low and Sell High by default ! And you can do that even with a normal day job . You will be even able to trade on lower timeframes which you could never do without such an Expert Advisor. And the best thing is that you are in control! You can tell the Edge Zone EA where it has to enter and where it has to exit. And you can do that even many hours before the trade will occur . This EA is therefore an excellent assistant for
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Auswahl:
gsudariojr
91
gsudariojr 2021.04.12 03:46 
 

when I click on the pair that issued the signal, there is no double top or double bottom information, do I have to buy the indicator?

SamitR
926
SamitR 2018.12.07 23:02 
 

Hi I havw just purchased the scanner...would you be able to give me access to your telegram group...thanks

Antwort auf eine Rezension