DON'T WASTE YOUR TIME OR MONEY WITH AMATEURS.
WE HAVE ALMOST 30 YEARS OF INSTITUTIONAL EXPERIENCE.
AND WE HAVE THE PERFORMANCE RECORD TO BACK IT UP.
THIS IS A GENERAL OVERVIEW OF THE BENEFITS, FEATURES AND PARAMETERS OF THIS INDICATOR.
BUT PLEASE BE SURE TO CONTACT US AFTER YOUR PURCHASE. AND WE WOULD BE HAPPY
TO SEND YOU MANY MORE DETAILS REGARDING THIS INDICATOR AND THE BEST
WAYS TO USE IT. INCLUDING ADVICE ON THE BEST PAIRS TO MONITOR,
BEST TIME FRAMES, BEST SETTINGS ETC.
AS WELL AS SOME CRITICALLY IMPORTANT TRADING INFORMATION,
FOR ACHIEVEING THE BEST RESULTS IN YOUR LONG TERM TRADING CAREER.
INCLUDING STRATEGY SELECTION, POSITION SIZING AND LONG TERM TRADING DEVELOPMENT.
THIS IS A GENERAL OVERVIEW OF THE BENEFITS, FEATURES AND PARAMETERS OF THIS INDICATOR.
BUT PLEASE BE SURE TO CONTACT US AFTER YOUR PURCHASE. AND WE WOULD BE HAPPY
TO SEND YOU MANY MORE DETAILS REGARDING THIS INDICATOR AND THE BEST
WAYS TO USE IT. INCLUDING ADVICE ON THE BEST PAIRS TO MONITOR,
BEST TIME FRAMES, BEST SETTINGS ETC.
AS WELL AS SOME CRITICALLY IMPORTANT TRADING INFORMATION,
FOR ACHIEVEING THE BEST RESULTS IN YOUR LONG TERM TRADING CAREER.
INCLUDING STRATEGY SELECTION, POSITION SIZING AND LONG TERM TRADING DEVELOPMENT.
ULTIMATE DOUBLE TOP SCANNER:
It can also be used to identify triple-tops and triple-bottoms. And it includes an RSI trend filter, in order to
identify the formations that occur at the top (or bottom) of a trend.
IMPORTANT FACTORS TO KEEP IN MIND:
Any major level that holds 2 or 3 times is obviously a level that is being defended by the large institutions.Therefore, there is a strong probability that a reversal will occur in these areas. And this probability is even
higher in the case of a triple top (or triple bottom).
Features:
- This indicator can monitor all 28 pairs at the same time.
- It can monitor every timeframe, from 1 Minute to Monthly. All at the same time.
- It will automatically trigger an alert whenever the appropriate pattern is identified.
- It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc.
- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.
This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis.
And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
This will also give you more time to find other trading opportunities.
Indicator Parameters:
- Type Of Bottom: Select the formation to find. Doubles = Double Tops and Bottoms, Triples = Triple Tops and Bottoms.
- RSI Period: Setting for RSI filter
- Upper Level: Overbought level for RSI filter. First top / bottom must form above this level in order to be valid.
- Lower Level: Oversold level for RSI filter. First top / bottom must form below this level in order to be valid.
- Bars Between: The minimum number of bars between tops / bottoms.
- Pips Distance: The number of pips within each top / bottom.
- Symbols: The indicator monitors the top 28 pairs by default, but you can select less pairs if you wish.
- Alert M1: True = Yes, False = No
- Alert M5: True = Yes, False = No
- Alert M15: True = Yes, False = No
- Alert M30: True = Yes, False = No
- Alert H1: True = Yes, False = No
- Alert H4: True = Yes, False = No
- Alert D1: True = Yes, False = No
- Alert W1: True = Yes, False = No
- Alert MN1: True = Yes, False = No
And contact us if you have any questions.
of inquiries that we have, we can sometimes answer in less than 1 hour.
Even on weekends and holidays.
We are always here to help. =)
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GENERAL INTRODUCTION:
Thank you for taking the time to review our indicators.
Please note that we have almost 30 years of institutional experiencein the forex market. We work with clients from all over the world.
And we are (by far) the largest, most experienced and most qualified
company offering products on this platform.
If you would like further details regarding our experience and background,
please take a look at our profile. And you will get a better understanding
of our overall trading experience and our approach to the market.
https://www.mql5.com/en/users/escobedofx21
REGARDING OUR INDICATORS:
All of our indicators have been designed through the lens of various
institutional trading approaches. And our indicators are currently
being used by well over 50,000 retail traders globally.
We focus on clean and effective designs for our indicators.
And our indicators will never clutter your screen with useless
or unnecessary data or distractions.
Please take a look at all the information below and let us know
if you have any questions about anything.
We are always here to help.
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GENERAL DESCRIPTION:
It automatically identifies double tops and double bottoms.
And it can also be used to identify triple tops and triple bottoms.
When it finds one of these patterns, it will send you a real time alert.
VERY IMPORTANT
PLEASE NOTE:
that is offered in your Metatrader platform. Including crypto, commodities,
indices, equities, ETF's etc.
And it will simultaneously monitor the entire market, all on one screen.
Allowing you to easily find as many trading opportunities as possible.
This will save you an enormous amount of time and effort. As you won't have to flip
through dozens of charts for analysis. And this will allow you to focus on other aspects
of your trading. Such as further technical or fundamental analysis.
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DOUBLE AND TRIPLE TOPS:
- These patterns form when price attempts to break through
a resistance level two or three times.
- When these resistance levels hold on multiple occasions,
this signals a strong probability of a bearish reversal.
- The signal is confirmed when the neckline is broken.
DOUBLE AND TRIPLE BOTTOMS:
- These patterns form when price attempts to break through
a support level two or three times.
- When these support levels hold on multiple occasions,
this signals a strong probability of a bullish reversal.
- The signal is confirmed when the neckline is broken.
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EXAMPLES:
First you have the uptrend. Then the multiple rejections against resistance.
And finally the subsequent trend reversal.
The same is true for double and triple bottoms. But in reverse.First you have the downtrend. Then the multiple rejections against support.
And finally the subsequent trend reversal.
Without the need for you to analyze any type of unnecessary data.
And without the need for you to decipher any kind of complex patterns.
And best of all, the indicator will do all of the hard work of findingthese patterns for you. Anywhere across the entire market.
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ALERTS WITH FULL DETAILS:
Including the following:
- The pair and the time frame where the pattern has been found.
- The price and the time of the initial top or bottom.
- The date and the market time of the initial top or bottom.
POTENTIAL ENTRY POINTS:
Or you can take a more conservative entry after the neckline has been broken.
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EXAMPLE OF A TRIPLE BOTTOM SIGNAL:
The first bottom occurred after a downward move at 0430, at the price of 76.637.
And the alert was triggered on the third bottom at the time of 1250.
the signal has alerted you to this third bottom. Or you can choose to take a more
conservative entry. By waiting for the neckline to be broken.
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INDICATOR PARAMETERS AND FILTERS:
some very powerful filters.
1) RSI TREND FILTER:
And the RSI trend filter allows you to use RSI levels to determine the strength
of the trend prior to the pattern being formed.
be formed in accordance to your filter, in order for the alert to be triggered.
Saving you lots of time (and potential losses) by avoiding weak signals.
2) MINIMUM BARS FILTER:
And the more bars between these tops and bottoms, the more reliable
your signal will be. We recommend between 30 - 50 bars.
3) PIPS DISTANCE FILTER:
You also can select the number of pips within each top or bottom.
FOR EXAMPLE:
of each other. And the lower the pips distance you choose,
the more precise the tops and bottoms will be.
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INDICATOR PARAMETERS - PAIRS AND TIME FRAMES:
PAIRS TO MONITOR:
The indicator monitors all 28 pairs by default. But you can choose
to monitor fewer pairs if you wish.
TIME FRAMES TO MONITOR:
The indicator monitors all 9 time frames by default. But you can choose
to monitor fewer time frames if you wish.
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AND PLEASE BE SURE TO CONTACT US AFTER YOUR PURCHASE. AS WE WOULD BE HAPPY
TO SEND YOU FULL DETAILS FOR THE BEST WAYS TO USE THIS POWERFUL INDICATOR.
INCLUDING SOME VALUABLE ADVICE ON THE BEST PAIRS TO MONITOR, BEST TIME FRAMES,BEST SETTINGS ETC. AS WELL AS SOME VERY, VERY IMPORTANT TRADING INFORMATION.
FOR ACHIEVING THE BEST RESULTS IN YOUR LONG TERM TRADING CAREER.
THANKS AGAIN FOR REVIEWING OUR INDICATORS.AND WE LOOK FORWARD TO WORKING WITH YOU SOON.
Best Regards,
Support TeamScorpionFX.com
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