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Double top bottom scanner with RSI filter MT5

This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It has RSI, pin bar and MACD or RSI divergence filter options which makes it possible to filter out only the strongest setups.

The indicator writes the signals to a text file which can also be used by an Expert Advisor (EA) for auto trading. For instance this productInformation in the text file: [symbol],[timeframe],[price of first top],[price of neckline],[buy or sell (0=buy, 1=sell)],[time of first extremum],[time of neckline],[time of second extremum] + 3 additonal parameters which will be used only by the EA mentioned above.


Features

  • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Monitors every timeframe, from M1 to MN, and sends you a real-time alert when when the second or third top/bottom is identified or at neckline breakout.
  • Can use RSI as a trend filter and/or divergence to properly identify potential reversals.
  • The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and time frame in question.

It is enough to place the indicator on one chart and you will receive an alert from any symbol and any time frame of your choice.


Input parameters

The description and explanation of the input parameters can be found here.


Please note that due to the multifunctionality neither buy and sell advice nor lines and arrows will be drawn on the chart where the indicator has been installed. A line between the extremums as well as the neckline will be drawn on the chart which can be opened from the panel.

I recommend you to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisor on it.


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VTrende
Andrey Dyachenko
VTrende - MTF indicator for trend trading with a display panel for MT5 Although the signals of the VTrende indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. The main task of the indicator - is to determine the points of change in the direction of the trend. The indicator signal appears in two versions: Advance - when the trend ends To be continued - when the trend is already on The indicator sho
497 USD
Harmonic ABCD Monitor MT5
Mihail Matkovskij
Multi-currency, multi-timeframe, harmonic pattern indicator AB = CD. Supports sending push notifications about signals to a mobile device, messages on e-mail, as well as messages using alerts on all available currency pairs and timeframes. This indicator was based on the indicator Harmonic ABCD Universal. Version for MetaTrader 5:  https://www.mql5.com/en/market/product/44972 . See also: Harmonic ABCD Universal for MetaTrader 4 . Using modern software development methods has made the indicator a
230 USD
Asgard Arrow
Renars Dericans
Good arrow indicator for trading in Forex and Binary Options Forex: Trade forex using H1, H4 time frame Asgard arrow you can combine with other indicators Binary Options: Trade Binary Options using M1 or M5 time frame Expiration on M1 char is 15 min Expiration on M5 char is 30 min Asgard inbdicator analyze best reversal point. This tool can help you understand what direction marke will go. Video for Binary Options using other indicators - https://youtu.be/dCRZ1mY5Z6A Video for Forex tradin
50 USD
Herrick Payoff Index
Konstantin Gruzdev
Herrick Payoff Index (HPI) confirms strong trends and helps to determine a moment when they change their direction, it also tracks prices, volume of trades and open interest (current liabilities) , combining them into one parameter . In MetaTrader 5, Herick Index can be displayed as a histogram or a linear chart for all trading instruments for which open interest is transmitted. Current liabilities or open interest represents the total volume of effective contracts (futures, options) for which t
49 USD
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Version 1.3 2019.11.27
- added support for this Expert Advisor: https://www.mql5.com/en/market/product/43820
- added an option to set how many candles must be lower/higher prior to the first extremum candle (first top/bottom)
- added an option to decide the position of the neckline candle in order to get it more to the middle (between the 2 extremum candles). Using this option will make it a more clear U/V formation for those who desires that for their trading strategy
Version 1.2 2019.08.28
- corrected an error with incorrect drawing of lines in the strategy tester
Version 1.1 2019.01.15
- a line between the 2 extremums as weel as the neckline will now automatically be drawn on the chart which opens up when a signal is clicked on in the panel