Ultimate Double Top Scanner By ScorpionFX

Ultimate Double Top Scanner By ScorpionFX

21 February 2019, 10:41
ScorpionFX
0
224

       

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. 

                                                     

ULTIMATE DOUBLE TOP SCANNER:


This indicator has been designed to automatically identify high probability double tops and double bottoms.
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


See the images and information below for further details.

And contact us if you have any questions.

We reply to all questions within 24 hours. And depending on the total volume
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.    =)



THANK YOU

---------------------------------------------------------------------------------------------------------------------------- 


                        GENERAL INTRODUCTION: 

 

  Thank you for taking the time to review our indicators. 

  Please note that we have almost 30 years of institutional experience 
  in 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. 


---------------------------------------------------------------------------------------------------------------------------- 

DOUBLE TOP 1

---------------------------------------------------------------------------------------------------------------------------- 


                        GENERAL DESCRIPTION: 

  This indicator monitors all 28 pairs and all the time frames. 
  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: 

In addition to forex pairs, this indicator can also monitor any other symbol
that is offered in your Metatrader platform. Including crypto, commodities,

indices, equities, ETF's etc. 

Best of all, this indicator only needs to be placed on one chart.
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.


---------------------------------------------------------------------------------------------------------------------------- 


DOUBLE TOP 2     

---------------------------------------------------------------------------------------------------------------------------- 


                        DOUBLE AND TRIPLE TOPS: 

- These patterns are found at the end of an up move. 

- 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 are found at the end of a down move. 

- 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. 


---------------------------------------------------------------------------------------------------------------------------- 

DOUBLE TOP 3               

---------------------------------------------------------------------------------------------------------------------------- 


                                EXAMPLES: 

Here are a few examples of what double and triple tops look like. 
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.  


These are extremely simple and straight forward patterns to trade. 
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 finding

these patterns for you. Anywhere across the entire market. 


---------------------------------------------------------------------------------------------------------------------------- 

DOUBLE TOP 4

---------------------------------------------------------------------------------------------------------------------------- 


                                   ALERTS WITH FULL DETAILS: 

The alerts will provide you with all the details you need. 
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: 

You can take an aggressive entry as soon as the second or third top occurs. 

Or you can take a more conservative entry after the neckline has been broken.  


---------------------------------------------------------------------------------------------------------------------------- 

DOUBLE TOP 5

---------------------------------------------------------------------------------------------------------------------------- 


                                   EXAMPLE OF A TRIPLE BOTTOM SIGNAL: 

Here is a signal for a triple bottom on the NZDJPY on the 5 minute time frame. 
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. 

At this point, you can either decide to take an aggressive entry immediately after 
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.  


---------------------------------------------------------------------------------------------------------------------------- 

DOUBLE TOP 6

---------------------------------------------------------------------------------------------------------------------------- 


                               INDICATOR PARAMETERS AND FILTERS:

In addition to the indicator parameters, our Double Top Scanner also provides 

some very powerful filters. 


1) RSI TREND FILTER: 

    These patterns are much more reliable when they occur at the end of a trend. 
    And the RSI trend filter allows you to use RSI levels to determine the strength 

    of the trend prior to the pattern being formed. 

    You can select the full parameters for RSI trend filter. And the pattern must 
    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: 

    You can select the minimum number of bars between tops and bottoms. 
    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: 

     If you enter '5', then all tops or bottoms must be within 5 pips 
     of each other. And the lower the pips distance you choose, 

     the more precise the tops and bottoms will be. 


---------------------------------------------------------------------------------------------------------------------------- 

DOUBLE TOP 7

---------------------------------------------------------------------------------------------------------------------------- 


                     INDICATOR PARAMETERS - PAIRS AND TIME FRAMES:


PAIRS TO MONITOR: 

You have full control over which pairs you would like 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: 

You also have full control over which time frames you wish to monitor. 
The indicator monitors all 9 time frames by default. But you can choose 

to monitor fewer time frames if you wish.                             

     

---------------------------------------------------------------------------------------------------------------------------- 


PLEASE LET US KNOW IF YOU HAVE ANY QUESTIONS ABOUT ANYTHING YOU SEE HERE. 
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 Team

ScorpionFX.com


---------------------------------------------------------------------------------------------------------------------------- 






















































Share it with friends: