• Overview
  • Reviews (5)
  • Comments (10)

Double Top Tracker Free Version

4

This indicator is a free version of Double Top Tracker. Unlike the full version, some functions are disabled and the parameters cannot be changed.

This indicator analyzes in parallel price charts for multiple currency pairs on all timeframes and notifies you as soon as a double tops or double bottoms pattern has been identified. The alert occurs when the the second peak has been reached.

Double Top is a trend reversal pattern which are made up of two consecutive peaks that are more and less equal with a trough in-between. This pattern is a clear illustration of a battle between buyers and sellers. The buyers are attempting to push the security but are facing resistance, which prevents the continuation of the upward trend. After this goes on a couple of times, the buyers in the market start to dry up, and the sellers start to take a stranglehold sending it down into a new downtrend.

Double Bottom is the opposite chart pattern of the double top as it signals a reversal of the downtrend into an uptrend.


Features

  • Loads automatically historical price data from broker server
  • Tracks all currency pairs for all timeframes in parallel
  • Configures which currency pairs on which timeframes you want to be alerted


Inputs

Double Top/Bottom settings

  • BarsInterval - Minimum of bars between peaks;
  • PeakDistance - Maximum price distance between peaks (unit in pips);
  • TrendDistance - Minimum distance between the beginning of the trend and the neck (unit in pips);

Currency Pairs and Timeframes

  • Symbols- Currency pairs to monitors. Each pairs are separated by a coma and the name has to be identical to symbol name displayed into the Market Watch;
  • M1 - True to monitor this timeframe;
  • M5 - True to monitor this timeframe;
  • M15 - True to monitor this timeframe;
  • M30 - True to monitor this timeframe;
  • H1 - True to monitor this timeframe;
  • H4 - True to monitor this timeframe;
  • D1 - True to monitor this timeframe;
  • W1 - True to monitor this timeframe;
  • MN1 - True to monitor this timeframe;

Notification

  • AlertNotification- True to enable messages in the terminal when signals occur;
  • PushNotification- True to enable sending push notifications to mobile devices;
  • MailNotification- True to enable sending emails;
My other products: https://www.mql5.com/en/users/dorian75/seller

Reviews 5
sunnychow
8902
sunnychow 2018.12.05 13:07 
 

thanks for share

gnanos123
645
gnanos123 2023.07.23 14:28 
 

Average indicator

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Stratos Pali
Michela Russo
Indicators
Stratos Pali Indicator   is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost! D
Support Resistance Propulsion Targets
LEE SAMSON
5 (5)
Indicators
Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT version available here:  https://www.mql5.com/en/market/product/97973 There are 2 CORE features in the indicator and 4 additiona
Market Reversal Alerts Dashboard
LEE SAMSON
5 (8)
Indicators
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
Gold Channel XAUUSD
Paulo Rocha
5 (2)
Indicators
Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
PRO Renko System
Oleg Rodin
5 (25)
Indicators
PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
Smart Price Action Concepts
Issam Kassas
4.67 (9)
Indicators
First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on
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MACD Double
Dorian Baranes
5 (3)
Indicators
This indicator calculates buy and sell signals by using MACD indicator on two timeframes. MACD is a trend-following showing the relationship between two moving averages of the closing price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line". This indicator has 2 modes to calculate the buy/sell signals: - MACD crosses 0 line - MACD cro
FREE
HMA grid EA
Dorian Baranes
3.67 (12)
Experts
HMA Grid EA is a grid system which analyzes trend based on the Hull Moving Average (HMA) indicator. Unlike the Simple Moving Average (SMA) the curve of HMA attempts to give an accurate signal by minimizing lags and improving the smoothness. This EA proposes two trading strategies which combine a slow period HMA to identify the main trend and a short period HMA to identify short trend reversal movement. This combination make usually sell and buy signals accurate and in case if the trend reverse w
FREE
Double Top Tracker
Dorian Baranes
4.44 (16)
Indicators
This indicator analyzes in parallel price charts for multiple currency pairs on all timeframes and notifies you as soon as a double tops or double bottoms pattern has been identified. Definition Double Top / Double Bottom pattern Double Top is a trend reversal pattern which are made up of two consecutive peaks that are more and less equal with a trough in-between. This pattern is a clear illustration of a battle between buyers and sellers. The buyers are attempting to push the security but are
Vino Free EA
Dorian Baranes
4 (11)
Experts
This EA is a free version of Vino EA . Unlike the full version, the parameters cannot be changed and the lot size is set to 0.01. Description Vino EA is a grid Expert Advisor using mainly customized oscillators to analyze the market prices and volatility in order to identify trend reversals. It uses a grid of orders which increases the lot size only after the stop loss is reached. It includes an automatic stop loss, which computes the stop loss value based on the volatility of prices. Requi
FREE
Tigergrid EA Free Version
Dorian Baranes
Experts
This EA is a free version of Tiger Grid which is available here:  https://www.mql5.com/en/market/product/33835 Tiger Grid EA is an expert advisor using trading strategy  which has been developed by using machine learning concepts. It has passed 14 years of backtest of real tick data and real variable spread (with commission) from 2004 to 2018. The entries are usually accurate and in case if the trend signal has a delay the positions will be managed by a smart grid system.  This system uses a g
FREE
Liongrid Free
Dorian Baranes
4 (1)
Experts
Note: This is a Limited Edition of   Lion Grid . It works only on Mondays. The trading strategy has been been created by using machine learning algorithms to build a model directly from the historical data. Machine learning is an application of artificial intelligence (AI) that provides the ability to automatically learn and improve from experience without being explicitly programmed.  The strategic focus of this robot is to identify trend reversals by analyzing multiple technical indicators
FREE
Vino EA
Dorian Baranes
3.67 (3)
Experts
Vino EA is a grid expert advisor using mainly customized oscillators to analyze the market prices and volatility in order to identify trend reversals. It uses a grid of orders which increases the lot size only after the stop loss is reached. Grid size can be limited for more safety. Requirements Default parameters has been optimized for EURUSD with timeframe M15 Minimum recommended deposit is $1000 for initial lot set to 0.1 ECN broker with low spread is recommended to get better results. Comp
Trend Tracker for multi pairs and timeframes
Dorian Baranes
5 (1)
Indicators
This indicator analyzes in parallel the moving average for multiple currencies and timeframes. It sends a notification when the trends are in alignment for all timeframes. To get better assessment of the trend strength, it shows as well a ratio between the number of pips reached from the current trend and the average of pips reached from the previous trends. Features Loads automatically historical price data from broker server; Tracks all currency pairs for all timeframes in parallel; Configur
Tigergrid EA
Dorian Baranes
2.5 (2)
Experts
Tiger Grid EA is an expert advisor using trading strategy  which has been developed by using machine learning concepts. It has passed 14 years of backtest of real tick data and real variable spread (with commission) from 2004 to 2018. The entries are usually accurate and in case if the trend signal has a delay the positions will be managed by a smart grid system.  This system uses a grid of orders which increases lot size. A new order is added into the grid only if the EA notice a potential reve
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gnanos123
645
gnanos123 2023.07.23 14:28 
 

Average indicator

sunnychow
8902
sunnychow 2018.12.05 13:07 
 

thanks for share

danypp
64
danypp 2018.11.15 18:22 
 

User didn't leave any comment to the rating

Matthew Todorovski
12938
Matthew Todorovski 2018.06.30 14:24 
 

User didn't leave any comment to the rating

philippe germain
2738
philippe germain 2018.05.24 13:48 
 

Interesting free indicator!

Just missing take profit and stop loss!

Reply to review