Double Top and Double Bottom

5

This indicator finds

Double Top and Double bottom

Example : What is Double Top

When price establishes a new high and then falls, then reverse to the same candle area of High then its considered a valid double top and vice versa for double bottom.

1. It plots and high and low on visible chart if ChartChange is set to true else it searches on new bar opening

2. If there is double top and double bottom found in visible chart window then it plots a line

3. It has options to customize text color, text font, text size, line width, line style and line color

4. Customize the logic of Double top and bottom

logic 1 : How much price should extend? For e.g. in top bar 1 = range of 1xbar size, if you add 2 then its 2x bar size, vice versa for bottom bar

logic 2 : How much percent of price should come back to top or bottom bar to validate a double top

5. Added alert, Terminal, Mail, Push Notification when Double top or bottom is found on new bar opening. 


Reviews 4
NoksMkhonza
66
NoksMkhonza 2024.04.04 08:39 
 

This is an added benefit to my trading algorithm. Thank you very much so this great indicator.

gnanos123
942
gnanos123 2024.02.12 17:33 
 

Good indicator, but the platform freezes sometimes.

Addy
66
Addy 2024.01.28 10:24 
 

Works perfectly

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SkyHammer Signal Pro Professional No-Repaint Trend Signal Indicator with Locked Entry, SL and TP Levels SkyHammer Signal Pro is a structured trend and momentum signal indicator designed for traders who want clear, fixed, and verifiable trading signals. It works best on lower timeframes such as M1 and M5 . The indicator does not try to predict tops or bottoms. Instead, it waits for confirmed market structure, trend direction, momentum strength, volatility quality, and target space before generati
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The Oracle Pro: Synthetic Multi-Timeframe Bias Engine for MT5 ️ Summer Launch Offer — Get The Oracle Pro for USD 199 (early buyers). Price rises with traction; final price USD 399. The Oracle Pro is a premium multi-timeframe bias engine for MetaTrader 5, built for demanding and professional traders. It answers one question with discipline: what is the directional bias on each timeframe right now, how strong is it, and how much do the timeframes agree? Everything is computed on closed bars only
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Trade smarter, not harder: Empower your trading with Harmonacci Patterns This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] It detects 19 different harmonic pric
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FX Power: Analyze Currency Strength for Smarter Trading Decisions Overview FX Power is your go-to tool for understanding the real strength of currencies and Gold in any market condition. By identifying strong currencies to buy and weak ones to sell, FX Power simplifies trading decisions and uncovers high-probability opportunities. Whether you’re looking to follow trends or anticipate reversals using extreme delta values, this tool adapts seamlessly to your trading style. Don’t just trade—trade
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Overview Crypto Charting for MT5 provides real-time OHLC data for various cryptocurrencies via WebSocket integration. It is designed for traders who require consistent and automated chart updates from multiple exchanges directly within the MetaTrader 5 platform. The product supports all standard MT5 timeframes and offers historical data synchronization features. Features Real-Time Charts via WebSocket Provides continuous, low-latency market data without relying on traditional API connections. A
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This indicator plots upto 6 levels which can be enable / disable to make chart cleaner as per trader's requirement These 6 levels are in 2 sets : High and Low For each sets, different timeframe can be selected It is based on strategy of Previous High Low reversal, as its considered that price usually show rejection in smaller timeframe like 5min when price reach Daily, Weekly or Monthly High Low Features : - Track upto 6 Timeframe High Lows in single chart - Add Previous London Session, NY Sessi
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Real Spinning Top Indicator  It detects accurate spinning top on chart with balanced body and wick height ratio which is the true meaning of spinning top which differs it from Hammers and Doji or Null Candlestick. This indicator plots an wingdings icon at number of spinning tops found on the chart. Settings include Number of Bars : To adjust search on number of bars Color of Icon :change color of icon Icon code : change code of wingdings for icon
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Rajesh Kumar Nait
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This indicator plots upto 6 levels which can be enable / disable to make chart cleaner as per trader's requirement You can get alerts on Previous Week Previous Day, Previous Month or high low of any period previous candle available in MT4 These 6 levels are in 2 sets : High and Low For each sets, different time frame can be selected It is based on strategy of Previous High Low reversal, as its considered that price usually show rejection in smaller timeframe like 5min when price reach Daily, We
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Rajesh Kumar Nait
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Add this indicator to chart and set the ExtDepth Setting of ZigZag  It gives instant alert when Price touches trendline Upper, Lower or Middle channel Features : -Enable / Disable alerts on upper, lower or middle line - Add pause after a alert in seconds - Pause or Unpause Trend channel with button on chart - Add early alerts by adding points in input field, for example ETH price is 2900.25 here the digits 25 is "point", so if you add 25 in input field in points and if the value of lower line
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Cobra Pivot Points is an indicator for plotting best optimized pivot points support and resistance levels which you can backtest yourself by downloading the DEMO. 1. Select 7 type of Pivot Mode : Cobra, Camarilla 1, Camarilla 2, Floor, Woodie, Demark and Fibonacci pivots 2. You can use any time frame to find pivot points support and resistance 3. You can play with Previous day High Low Close value with Shift parameter. 1 = Previous Bar, 2 = Bar before Previous bar and so on.. These parameter wil
Previous Candle High Low Scanner MultiSymbol MT4
Rajesh Kumar Nait
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Multi Currency Previous Candle or Previous Bar Scanner helps you scan multi symbol charts with any custom timeframe which you select from indicator settings. Based on product : https://www.mql5.com/en/market/product/110229 It can be used to scan multi symbols for Previous Day high low, Previous week high low, Previous month High low or any custom timeframe e.g. Previous 4 hour chart high low It filters noise and gives directional alerts when price touches High or low line  The strategy is simp
Multi Symbol Pivot Point Scanners MT4
Rajesh Kumar Nait
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Pivot Points Multi Symbol Scanner scans all symbols available in marketwatch for Floor, Woodie, Camarilla, Demark or Fibonacci Pivot Points. You can select any timeframe to calculate pivot points and get alerts when price touch these levels of support and resistance. For visual Pivot Points You may be interested in this product : https://www.mql5.com/en/market/product/110231 It has options for choosing various alerts type You can choose and set frequency to scan in milliseconds 1000 means it
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This library will allow you to manage trades using any of your EA and its very easy to integrate on any EA which you can do yourself with the script code which is mentioned in description and also demo examples on video which shows the complete process. This product allows trading operations via API and does not include charts. Users may use charts from brokers who provides Crypto and send orders to binance - Supports One way and Hedge Mode - Place Limit, SL Limit and Take Profit Limit Orders -
Bybit EA Connector Library for MT4
Rajesh Kumar Nait
Libraries
This library will allow you to manage trades using any of your EA and its very easy to integrate on any EA which you can do yourself with the script code which is mentioned in description and also demo examples on video which shows the complete process. This product allows trading operations to Bybit exchange via API  This tool does not have charting feature so users may use other symbols provided by exchanges for BTCUSDT and other crypto. - Place Limit and Market Orders (Hedge Mode and One Way
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Crypto.com to MT5 Live Candlestick Stream to Metatrader 5 from Crypto.com websocket Its a OHCLV (Open High Low Close Real Volume ) Live Rates Data you can check my other crypto product on my profile  https://www.mql5.com/en/users/rajeshnait/seller 1. OHLCV Data 2. Supports and Creates Multiple Symbols 3. You need to add Crypto.com websocket and api URL as mentioned at Tools > Options > Allow Webrequest from URL tab and also tick Allow Webrequest checkbox - Websocket URL : stream.crypto.com - API
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Patterns Explorer for Triangle pattern such as symmetrical triangle, asymmetrical triangle or right angle triangle , Wedge pattern such as Rising wedge or Falling wedge, Expansion pattern and Trend Channel This indicator explores historical pattern as well as current patterns, It is the best indicator for those who are trying to save time from manually drawing trendline or triangle and want to use this for automated analysis of plotting best patterns on chart Features : - Panel for changing ZigZ
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EMA Scalping Multi Symbols Scanner
Rajesh Kumar Nait
Utilities
5 EMA Scalping Strategy Multi Symbol Scanner This EA utility will scan all symbols which are selected in marketwatch and alert when such condition is formed in chart when Candle low is above EMA 5 for Sell alert and Candle high is lower from EMA5 so you can be ready before selling or buying for scalping purpose on 5min chart For more details watch attached video Logic : When a candle closes above 5 EMA in 5 mins chart, Wait for its low to break and Sell when low is broken by wick, Your SL shou
Multi Symbol ZigZag Breakout Scanner
Rajesh Kumar Nait
Utilities
Multi Symbol ZigZag Breakout Scanner scans all symbols selected in marketwatch. It will help finding double top, double bottom or any fibonacci extension level easily when price is about to reach those levels. You can select Timeframe, and multiple Extdepths (up to 3) of Zigzag. Recommended ZigZag are 21,34 and 55 which covers all types of Zigzag and filter noise You can set to receive either terminal alert or push notification or both Use cases : 1. To find Break of structure of order blocks 2
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Rajesh Kumar Nait
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Market structures are the one which when breakout in higher timeframe may help clears a trend to a trader. 1. This indicator will draw ZigZag to only last 2 structures (previous high and low of ZigZag ) and a new bar of ZigZag will be only formed when break of structure happens 2. It gives Terminal and Push notificationon break of structure 3. Increase and Decrease Extdepth of ZigZag from "[" and "]" keys to adjust swing 4. Change colors of Line AB BC and CD 5. Add to many charts and get alerts
CB1 Swing Breakout Change of Character Scanner
Rajesh Kumar Nait
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Fibo Musang FMBCR CB1 breakout multi symbol scanner for MT5 scans all symbols selected in marketwatch for dominan break Fibo Musang CB1 or Candle Break 1 is a strategy that works very well on Gold XAUUSD and other forex symbols. This scanner will help you scan mulltisymbol currencies very fast and get alerts on FMCBR CB1 breakout Please see video for more details as its completely customizable as per trader's preference: 1. You can select timeframe and History of Bars 2. You can modify your p
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Multi Symbol Double Click anywhere on chart to set price alert and get notified from Terminal Alert or Push Notification 1. Add the EA Utility on chart 2. Browse chart by <- left or -> right arrow keys 3. Double click anywhere on chart and it will add a line, drag this line to set your desired price and voila, alert is set! When price will reach to the line it will notify you with either terminal or push notification as per utility's settings.  This alert will keep working even if you restart te
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Rajesh Kumar Nait
Indicators
Control Candle is the candlestick which holds multiple inside bars and are in control until its high low range is broken by close of any candlestick. When control candle is broken, price may act on these control candle as support and resistance. This indicator create rectangles on chart which will help you find control candles fast. Control candle indicator box is customizable by color, style, width and other options in indicator settings.
Cobra Levels
Rajesh Kumar Nait
Indicators
Introducing Cobra Levels Watch the Tutorial video of backtest and accuracy : here This strategy is based on the concept that prices will revert to their mean or average value over time. Identify the mean price : Calculate the levels e.g. U4 U5 or D4 D5 Wait for the price to move away from the mean (Middle Line) before taking action. Buy and sell signals : Buy : When the price falls below the lower threshold. Sell : When the price rises above the upper threshold. These are 6 sets of levels w
Fibonacci Font Label
Rajesh Kumar Nait
Indicators
This indicator allows you to show fibonacci levels labels with big font size . It supports up to 25 fibonacci levels - As soon as you draw fibonacci it shows the levels you added as input parameter with big font size with the color and font you choose. Customizable options : 1. Fibo Text Font 2. Fibo Text Size 3. Fibo Text Color 3. Add description to each level 4. Other options such as Anchors and Degrees
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Rajesh Kumar Nait
5 (1)
Indicators
This indicator efficiently tracks any other timeframe candlesticks which you want to track on same chart 1. Select any higher time frame to load bars on same chart 2. Customize colors, width, background and style of candlesticks and wick width 3. Choose number of bars to draw candlesticks 4. Track higher timeframe complete candles along with wick and body 5. Easy and convenient for those who dont want to switch chart. 6. See candle range { high - low } and change color, font, size 7. Enable / Di
Binance MT5 Crypto Trading Tool
Rajesh Kumar Nait
5 (3)
Utilities
Binance Trading Tool for MT5 1. This product include live chart from websocket, historical chart, automatic updates on restart of mt5 terminal to make it run smooth with zero manual intervention that makes you experience to trade Binance smoothly. Trading, Live chart & Historical Data available for Spot and Futures Chart Features : 1. Live OHLC Chart via Websocket (wss) 2. Update History from API 3. Auto Update history on charts every time you open MT5 4. All time frame supports from M1 to
Cobra Pivots with Alerts
Rajesh Kumar Nait
Indicators
Cobra Pivot Points is an indicator for plotting best optimized pivot points support and resistance levels which you can backtest yourself by downloading the DEMO. 1. Select 7 type of Pivot Mode : Cobra, Camarilla 1, Camarilla 2, Floor, Woodie, Demark and Fibonacci pivots 2. You can use any time frame to find pivot points support and resistance 3. You can play with Previous day High Low Close value with Shift parameter. 1 = Previous Bar, 2 = Bar before Previous bar and so on.. These parameter wil
Previous Candle High Low Scanner MultiSymbol
Rajesh Kumar Nait
Utilities
Multi Currency Previous Candle or Previous Bar Scanner helps you scan multi symbol charts with any custom timeframe which you select from indicator settings. Based on product : https://www.mql5.com/en/market/product/78657 It can be used to scan multi symbols for Previous Day high low, Previous week high low, Previous month High low or any custom timeframe e.g. Previous 4 hour chart high low It filters noise and gives directional alerts when price touches High or low line  The strategy is simpl
Pivot Points Multi Symbol Scanner
Rajesh Kumar Nait
Utilities
Pivot Points Multi Symbol Scanner scans all symbols available in marketwatch for Floor, Woodie, Camarilla, Demark or Fibonacci Pivot Points. You can select any timeframe to calculate pivot points and get alerts when price touch these levels of support and resistance. For visual Pivot Points You may be interested in this product : https://www.mql5.com/en/market/product/110072 It has options for choosing various alerts type You can choose and set frequency to scan in milliseconds 1000 means it
Binance EA Connection Library
Rajesh Kumar Nait
5 (4)
Libraries
This library will allow you to manage trades using any of your EA and its very easy to integrate on any EA which you can do yourself with the script code which is mentioned in description and also demo examples on video which shows the complete process. This product allows trading operations via API For chart : Renting Crypto Charting for OHLC data or Crypto Ticks with Order Book Depth is optional If your EA is HFT and operations on seconds chart, You may be interested in converting charts to se
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Gloria Sarpong
9958
Gloria Sarpong 2024.04.08 15:19 
 

User didn't leave any comment to the rating

NoksMkhonza
66
NoksMkhonza 2024.04.04 08:39 
 

This is an added benefit to my trading algorithm. Thank you very much so this great indicator.

gnanos123
942
gnanos123 2024.02.12 17:33 
 

Good indicator, but the platform freezes sometimes.

Addy
66
Addy 2024.01.28 10:24 
 

Works perfectly

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