Market / MetaTrader 4 / Indicators /

Ultimate Double Top Bottom Reversal Indicator

59 USD

Demo downloaded: 1 918

Published: 20 November 2017

Current version: 1.6

Ultimate Double Top Bottom Reversal Indicator

4.47

Indicators
FXsolutions
Version: 1.6
Updated: 24 April 2018
Activations: 10

This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts.

Please read also the blog post "How To Yield Big Winners Consistently!" which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a top-down approach to get 15 - 20R winning trades on a regular basis.

The provided video shows the maximum performance of the indicator.

With maximum performance, I mean that this could have been the profit if you would have exited every trade at the optimal price level. Of course, this can’t be achieved during real trading conditions where you don’t know future price moves.

But the video shows that the raw signals of the indicator (without visual filtering) produced 24 winning trades and only 11 losing trades. In the video, I count a trade as a winning trade if it reaches at least 1R profit (1R = initial risk of the trade). So, these raw signals would be already very profitable if you place the target for all trades at 1R and then leave the trade alone, without trying to find the optimal exit.

This indicator draws the double tops/bottoms on the chart and gives alerts via Email and via MT4-alert in the moment when a high probability double top/bottom entry signal is created.

What this indicator detects:

These special Double Tops/Bottoms are created by the smart money to accumulate its own position size. With the fake breakout the smart money traps as much traders on the wrong side of the market as possible. Then the smart money reverses the direction very sharply. The trapped traders are in panic and exit their position or even reverse their position. This makes the reversal very strong and profitable. The indicator detects exactly these games of the smart money and therefore gives you high probability entry signals.

This indicator does NOT repaint. You can test it in the strategy tester. Then you will see that these good signals come in real-time on every trading instrument and on any timeframe!

Tips:

I use this indicator on M30 and higher. Then there is less noise in the price moves and I have usually more time to react on entry signals.
When a signal occurs then ask yourself if there is enough room for a big subsequent move in direction of the trend (support/resistance far away?).

Don't miss these good setups anymore

Nobody can scan e.g. 30 trading instruments and up to 8 timeframes (=240 charts) without missing some of these setups. Therefore, I have created a Scanner-Tool which checks up to 30 instruments and 8 timeframes permanently for you which needs to run only on one single chart and which is also available here in the market. You will then receive alerts via MT4-alert, Email or Push for all setups on all configured trading instruments and timeframes in the moment when the signals occur. With this great tool you will never miss such setups again.

Search for "Ultimate Double Top Bottom Reversal Scanner" in the indicator-market to get the scanner tool.

Parameters

alertsLong: True = Yes, False = No - if true, then the indicator alerts occurrences of "Double Bottom"-signals for long entries
alertsShort: True = Yes, False = No - if true, then the indicator alerts occurrences of "Double Top"-signals for short entries
alertsViaMT4: True = Yes, False = No - if true, then the indicator gives alerts via MetaTrader 4 popup
alertsViaEmail: True = Yes, False = No - if true, then the indicator gives alerts via email

more...

234

Matrix2020 2021.05.28 15:02 #

I bought this wonderful product and added to my templates (2 diff. strategies) Forex 14 pairs + US500 + Gold at two different time frames M15 & M30, to help me identifying the reversal signals, especially when the market hit strong Support / Resistance areas. It works also in the higher TF. The signals of reversals are not happened every day at specified TF i.e. M15 or M30, thus less trade frequencies.

There is a need to change the TF from higher to lower manually and for all charts (self searching method). Therefore, i think that the scanner would assist faster to find the signals. The idea of smart money by reversal markets has really opened my Eyes widely ! and added more knowledge to my trading's style. Thank you very much Mike for this Indicator and for this development. Therefore 5 Stars.

233

Maxwell Onyolu 2020.05.19 10:11 #

Many Thanks Mike, for a wonderful product and for your 5star support. This is the beginning of great things!

1636

Lev Vladimirovic Marushkin 2018.12.06 14:53 #

After trying countless Double Top/Double Bottom Indicators with little or no success at all, FINALLY i met this masterpiece! :) I have tested this one VERY thoroughly on different Timeframes and with different Currency Pairs and i couldn´t believe what i have found out. The indicator is profitable even standalone!!! And this is not the end of the song. Mike provided me with world class support, 2 telegram groups regarding the indicator with extremely valuable chat content and LIVE setups which are discussed by him and his followers in realtime and much more, the logic behind the indicator (which is based on detailed information about the work of the smart money and is worth a ton of gold by itself!), an easy step by step guide on how to use this indicator the right way and make a TON of pips "the easy way", another TON of EXTREMELY valuable information for FREE and has shown me additional effective ways to make even more money trading the markets and maximize my return on investment and the best thing is that his "strategy" and his way of trading the markets will work forever! Why? Well, i do not want to write the longest review mql5 has ever seen.... Just go and find out yourself, believe me, if you buy anything from Mike, you do not just get a product, you get a new pair of eyes to look "behind" the charts to see something 98% of all traders will never be able to see. Conclusion: If you want to trade like a "normal" trader and fight for every pip then go and buy somewhere else, BUT if you want to trade like a Big Bank and totally DESTROY the markets, well then follow Mike and you will soon get there.

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This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Double top and bottom patterns are chart patterns that occur when the trading instrument moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). The patterns usually occur at the end of a trend and are used to signal trend reversals very early. What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double To

59 USD

This indicator is designed to detect the best of all candlestick reversal patterns: Three Line Strike . According to the bestselling author and candlestick guru Thomas Bullkowski, this pattern has a winning percentage between 65% and 84% . This indicator scans for you up to 30 instruments (forex, indices or commodities) on up to 8 timeframes. You can get alerts via MetaTrader 4 and email if a Three Line Strike pattern occurs. Please note: Higher timeframes bring the most reliable signals. This i

49 USD

This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig

119 USD

This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences. This indicator scans for you up to 30 instruments and up to 8 timeframes for bullish and bearish divergences. You need to add the indicator only to one single chart ! The indicator will then automatically scan all configured instruments and timeframes. Important Information How you can maximi

89 USD

With this system you can spot high-probability trades in direction of strong trends. You can profit from stop hunt moves initiated by the smart money! Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718109 Please read also the blog about the usage of the indicator: Professional Trading With Strong Momentum. With this system you have 3 reliable edges on your side: A strong trend (=high probability of continuation) A deep pu

89 USD

This scanner shows the trend values of the well known indicator SuperTrend for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher time

59 USD

This indicator draws regular bullish and bearish divergences in real-time onto the charts. The algorithm to detect those divergences is based on my 10+ years experience of detecting divergences visually. The divergences are drawn as green and red rectangles on the charts. You can even do forward testing in the visual mode of the strategy tester. Parameters Fast EMA Period: The period of the fast EMA of the MACD. Default value is 12. Slow EMA Period: The period of the slow EMA of the MACD. Def

49 USD

This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . This is the FREE version of the indicator: https://www.mql5.com/en/market/product/29957 The free version works only on EURUSD and GBPUSD! Double top and bottom patterns are chart patterns that occur when the trading instrument moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). The patterns usually occur at the end of a trend and are used to signal tren

FREE

This indicator scans for you up to 15 trading instruments and up to 21 time frames for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double Tops/Bottoms with fake breakouts . For double tops with fake breakouts the highest price of the right shoulder must be higher than the left shoulder. For double bottoms with fake breakouts the lowest pric

119 USD

This is an implementation of the well known SuperTrend Indicator. With this indicator you can see exactly the same values which will be alerted by the following SuperTrend Scanners: SuperTrend Scanner SuperTrend Scanner FREE Parameters SuperTrendATRPeriod: the period setting for the calculation of the SuperTrend SuperTrendMultiplier: the multiplier setting for the calculation of the SuperTrend

FREE

This indicator draws regular bullish and bearish divergences in real-time onto the charts. The algorithm to detect those divergences is based on my 10+ years experience of detecting divergences visually. The divergences are drawn as green and red rectangles on the charts. You can even do forward testing in the visual mode of the strategy tester. This FREE Version is restricted to EURUSD and GBPUSD. The full version without restrictions is here: https://www.mql5.com/en/market/product/42758 Par

FREE

This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . This is the FREE version of the indicator: https://www.mql5.com/en/market/product/26371 The free version works only on EURUSD and GBPUSD! Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. The provided video

FREE

This scanner shows the trend values based on crossovers of two moving averages for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher

59 USD

This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the sca

FREE

This indicator shows the latest untouched support and resistance as horizontal lines. The indicator can show support/resistance from higher timeframes. With this indicator you can e.g. easily see the support/resistance of the timeframes H4, D1 and W1 on a H1 chart, which can be a big advantage while time your entry on H1. This is the FREE version of the indicator: Support Resistance Multi Time Frame The free version works only on EURUSD and GBPUSD! Parameters referenceTF: the timeframe from wh

FREE

With this system you can spot high-probability trades in direction of strong trends. You can profit from stop hunt moves initiated by the smart money! Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718109 Please read also the blog about the usage of the indicator: Professional Trading With Strong Momentum This FREE Version of the indicator works only on EURUSD and GBPUSD. The full version of the indicator can be found here:

FREE

This scanner shows the trend values of the well known indicator Parabolic SAR for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are two examples: With this scanner you can trade a top-down approach easily. If two higher t

59 USD

This scanner shows the trend values of the well known indicator SuperTrend for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. This is the FREE version of the indicator: SuperTrend Scanner The free version works only on EURUSD and GBPUSD! Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 With the following FREE indicator you

FREE

This indicator draws regular bullish and bearish divergences in real-time onto the charts. The algorithm to detect those divergences is based on my 10+ years experience of detecting divergences visually. The divergences are drawn as green and red rectangles on the charts. You can even do forward testing in the visual mode of the strategy tester. This FREE Version is restricted to EURUSD and GBPUSD. The full version without restrictions is here: https://www.mql5.com/en/market/product/42732 Para

FREE

This indicator is designed to detect the best of all candlestick reversal patterns: Three Line Strike . According to the bestselling author and candlestick guru Thomas Bullkowski, this pattern has a winning percentage between 65% and 84% . This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the scanner can be found here: Three Line Strike Scanner 30 Instruments This indicator scans for you up to 30 instruments (forex, indices or commodities) on up to 8 timeframes.

FREE

With the MACD Multi Time Frame indicator you can spot divergences of higher timeframes while you are searching for pinpointed entries on lower timeframes. This blog post gives you real-time MACD Divergence Analysis for free and tips how to trade the divergences: Real-Time MACD Divergence Analysis The MACD Multi Time Frame gives you an very good overview of what is happening on higher timeframes without the need of switching to the higher timeframe. You will e.g. always see the MACD value of the

30 USD

This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences. This is the FREE version of the indicator: https://www.mql5.com/en/market/product/28375 Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 The free version works only on EURUSD and GBPUSD! This indicator scans for you

FREE

This scanner shows the trend values of the well known indicator Parabolic SAR for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. This is the FREE version of the indicator: Advanced Parabolic SAR Scanner The free version works only on EURUSD and GBPUSD! Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibil

FREE

With the MACD Multi Time Frame indicator, you can spot divergences of higher timeframes while you are searching for pinpointed entries on lower timeframes. This FREE version of the indicator works only on EURUSD and GBPUSD. The full version of the indicator can be found here: MACD Multi Time Frame This blog post gives you REAL-TIME MACD Divergence Analysis for FREE and tips how to trade the divergences: REAL-TIME MACD Divergence Analysis The MACD Multi Time Frame gives you a very good overview o

FREE

This scanner shows the trend values based on crossovers of two moving averages for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. This is the FREE version of the indicator: https://www.mql5.com/en/market/product/29159 Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are

FREE

With this Expert Advisor you will follow the sound trading principle Buy Low and Sell High by default ! And you can do that even with a normal day job . You will be even able to trade on lower timeframes which you could never do without such an Expert Advisor. And the best thing is that you are in control! You can tell the Edge Zone EA where it has to enter and where it has to exit. And you can do that even many hours before the trade will occur . This EA is therefore an excellent assistant for

FREE

119 USD

Filter:

earlb1138 2024.02.27 14:48 #

Very disappointed with this indicator gives very few signals.Have requested to join the Telegram group but seller cant be bothered to either send link or reply to email.have tried 4 times to contact seller on other matters but never get a reply.cant complain about the service there is non.

Modesto Rosi 2023.08.27 01:20 #

Ho affittato indicatore. Sinceramente pensavo fosse uno scanner fra le valute. Leggo molte recensioni ottime. Lo proverò anche io. Buona giornata. Rosi Modesto

fabim 2021.10.27 20:47 #

Hello Mike, just bought this version for MT4 by mistake, I need the version for MT5. Can you contact me, please?

John Noone 2021.07.09 06:56 #

User didn't leave any comment to the rating

Kevfx 2021.06.22 13:32 #

I brought this and want to join the telegram groups, have sent two emails please reply

234

Matrix2020 2021.05.28 15:02 #

779

8601567 2021.01.06 16:38 #

I own many indicators by this vendor. I rented this one. I would not rent it again because it seems to point out ANYTHING that looks like a DT or DB. It says it points out "high probability reversal patterns" but that was not my experience. He offers a free DoubleTopBottom that you should try first. Wish I had.

221

Vincent Sherreef Evans Jr 2020.08.08 03:58 #

i need this indicator to have more alerts, i already brought it

233

Maxwell Onyolu 2020.05.19 10:11 #

Many Thanks Mike, for a wonderful product and for your 5star support. This is the beginning of great things!

1636

Lev Vladimirovic Marushkin 2018.12.06 14:53 #

indash 2018.11.13 15:28 #

Very good Indicator for a reversal trend but you need to open lots of charts and attached the Indicator to it.

For me, it is powerfull to couple it with the Ultimate Double top Scanner.

565

ekman 2018.10.29 16:12 #

Mike is best seller that I ever know in MQL5, because after we purchase his indicators, he still train us in several Telegram groups to sharpening our skill & knowledge about the trading strategy using his indicators. Thanks Mike

Barbara Ford 2018.07.11 16:07 #

This is a brilliant indicator. Not only can you see it on your MT4 charts, but you also get notifications of each signal in a free Telegram Channel. Well done Mike. Can't wait to try some of your other indicators.

925

Muhammet Simsek 2018.07.03 08:35 #

Theres no better! What are you standing for? Get it now and join in!

bpaone24 2018.04.11 04:57 #

Great indicator and the alerter is a must if looking at trading multiple pairs. Mike's approach is solid and his customer service is top notch! I look forward to many successful setups and trades with his guidance!

1487

Richard Caughell 2018.02.28 22:14 #

Represents key turning points in the market, amazing device. Something no price action trader should go with out.

However from a platform stand point this indicator freezes my system up. Not sure what can be done to fix this?

edit: with the new update the algo applies like a built in MA, very fast and doesnt impact CPU usage any further.

Awesome Job Mike, thanks for the update.

380

Kayode Ebenezer Adeyemi 2018.02.21 11:57 #

This is great and time saving scanning the market manually looking for setup

what left for me is to get the alerter and good to go.

Thumb up..

1223

Magdalena Kleyn 2018.01.12 20:37 #

If I could I would have given Mike 100 starts for this indicator! I have been trading for 12 years now and bought thousands of indicators. I can honestly say this one is one of the best for the following reasons:

1) It does not repaint

2) It stays on the history of the charts and the exact place where it appeared and you can actually scroll back and count the pips and get an idea how it works

3) Mike gives 10 star support he is really very helpful and will personally help you with technical problems

4) There is a Telegram channel where traders help each other and support each other regarding this indicator

5) This indicator will not only help you making a few pips, if you get the signal you have to be patient to let the trade run and not make the same mistake as me by trailing too tight!

See screen shot!

https://gyazo.com/8c765770494a9514ff315bd0d10f506e

6) This indicator is highly recommended - the signals appear at least once a day!

3682

Dimitri Nepomniachtchi 2017.12.26 21:11 #

Win VS Loss 80%+ vs -20%

A small thing to overcome.

Need a separate terminal to deploy all the currencies of all timefremes.

Very easy. Drop to graph and wait signal. Without advanced settings.

104

cybeh 2017.12.06 08:20 #

User didn't leave any comment to the rating

Version 1.6 2018.04.24

Optimized calculation. Faster/less CPU usage.

Version 1.4 2018.02.28

Better calculation. Less CPU usage.

Version 1.3 2017.12.22

Better detection of good Double Tops/Bottoms

Version 1.2 2017.11.27

Push notification bug fix