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Published:

2018.12.18 19:08

Double_Top.mq5 (15.63 KB) view

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Double Top indicator detects and displays single and double tops and bottoms.

The indicator has three input parameters:

Minumum Height/Depth - minimum height/depth of a top/bottom in points
Maximum distance between the twin tops/bottoms - maximum distance between tops/bottoms of a double top/bottom
Maximum number of bars after the top/bottom - maximum number of bars between different tops/bottoms

Single top/bottom is marked by a dot on a chart: the green dot indicates a top, while the red one shows a bottom

The first (left) top/bottom of the double top/bottom is marked by a dot on a chart: the green dot indicates the top, while the red one shows the bottom
The second (right) top/bottom of the double top/bottom is marked by a star: the green star indicates the top, while the red one shows the bottom

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22618

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