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Double Top Scanner For Multi Pair And MTF
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).
- 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.
- 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 below for further details and contact us if you have any questions.
HUNDREDS OF 5 STAR REVIEWS AND OVER TWO DECADES OF REAL WORLD MARKET EXPERIENCE:
This indicator has been created by a former hedge-fund employee, with almost 25 years
of market experience. And our company has been selling high quality indicators on this
platform since 2015.
Over the years we have helped THOUSANDS of satisfied clients and we have received
HUNDREDS of 5 star reviews.
And we are proud to say that all of our reviews are 100% GENUINE.
With absolutely no client manipulation, or questionable tactics of any kind.
For further details regarding our background, we STRONGLY RECOMMEND that you take a look
at our profile. In order to get a better understanding of our overall trading experience and our
approach to the market.