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Double Top and Bottom Pattern

5
What is Double Top and Bottom

Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns.

Indicator shows you 2 Level target and stop loss level. Stoploss level and Take profit can be adjusted depending on your risk tolerance.


The following alert types are available:

- Popup alert,

- Email ( Settings in metatrader 4 stations necessary: instruction ),

- Notification to mql5 app ( Settings in mql5.com profile necessary: instruction  ),

- sound,

- Comment at screen,

- log at expert tab


INPUT PARAMETER

*** Pattern setup

Min Points - Min points between Highs and Lows

Trend Move Min Bars - Checking min bars

Trend Move MaxBars - checking max bars

Enable reversal signal - Enable reversal signal

Enable continuation signal - Enable continuation signal

Signal Valid Bars - Signal line(Orange Line) , signal appaers if price hit this line. you can define how many bars to obeserve price after pattern appears

*** Trade setup

Stoploss Offset Points - Offset of stoploss from High or Lows (Red line)

Entry Offset Points - Offset signal line in Points (Orange Line)

Target Level Percent - Perscent of first Trand line (Yellow line)

Safe Level Percent - Perscent of first Trand line (Blue line)

*** Visualisation

Panel Offset - Panel offset on chart

AlertType

Reviews 1
Aravind Kolanupaka
8330
Aravind Kolanupaka 2022.03.29 17:51 
 

Good work. Much superior to all of the double top and double bottom indicators available in the market.

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Ugur Oezcan
4.31 (16)
!!! New faeture sending Signals as VIP SMS with ASPSMS.COM !!! New faeture sending Signals as VIP EMAILS MT4 Telegram Signal is tool, which sends selected trades via magic number to telegram channel, sms and email to user. Tool sends trades when open and close with chart to telegram chanel. It also sends every modification from trades to telegram. Tool can send multiple charts and magic numbers and pairs from a single chart. For this you have to fill in on the chart corresponding magic number
FREE
Diamond Pattern
Ugur Oezcan
5 (1)
The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed by a rally, but making a lower high instead. Once this behavior is identified, prices then break the trend line connecting the first and second lows and start to decline further. Indicator shows you target level and stop loss
30 USD
!!! New faeture sending Signals as VIP SMS with ASPSMS.COM !!! New faeture sending Signals as VIP EMAILS MT4 Telegram Signal is tool, which sends selected trades via magicno to telegram channel , sms and email to user. Tool sends trades when open and close with chart to telegram chanel. It also sends every modification from trades to telegram. Tool can send multiple charts and magicno and pairs from a single chart. For this you have to fill in on the chart corresponding magic number to be sent
80 USD
Telegram to Metatrader4. Do not miss any trading signal or to be late to enter or exit from telegram channel anymore.  Our tool give user ability to parse all kind of telegram signals. You can use tool with any telegram forex Signal channels. Users can also copy their trades if they are only members of a VIP channel. Admin rights is not required. We include also valuable functions for trader, which you can use independently form channel signals !!! Important create user account at  https://teleg
45 USD
NightTrader
Ugur Oezcan
5 (1)
No grid! No martingale! No manual configuration or adjustment needed! Every trade is protected by stop loss. You can find metatrader4 version here: https://www.mql5.com/de/market/product/18571# This Expert Advisor only trades for a short time frame at night, during the ending of the New York session. It uses low volatility moments in EURUSD and enters trades based on indicators. It then manages those trades with dynamic stop losses and take profits also based on indicators. A safety mode further
149 USD
Email to Metatrader4. Do not miss any trading signal or to be late to enter or exit from email anymore.  Our tool give user ability to parse all kind of email signals. You can use tool with any email forex Signal. We include also valuable functions for trader, which you can use independently form channel signals Attach at one chart for trading all symbols from channel extensive detailed reports. also for export in html or csv files 3 money management systems. No trades without SL / TP. Use your
FREE
This is no martingale, grid, hedge or other averaging strategy. This expert is a classic break-out-strategy with special filter. It monitors market movements and set pending trades. If not activated in a certain time frame, new levels are set. On activation the experts trails the trade very closely. Every trade is protected by stop-loss. Best trading times are while London and USA is open. We suggest – and have tested it with – EURUSD and GBPUSD We also suggest a VPS with very fast ping times an
99 USD
Night Trader EURUSD
Ugur Oezcan
4.23 (30)
The EA can trade multiple currencies. Please check our signals ( https://www.mql5.com/en/users/ugur-edin/seller ) for detailed information. No grid or martingale! No manual configuration or adjustment needed! Every trade is protected by stop loss. This Expert Advisor only trades for a short time frame at night, during the ending of the New York session. It uses low volatility moments and enters trades based on indicators. It then manages those trades with dynamic stop losses and take profits als
149 USD
This tool monitors your current Expert Advisors and manages stop losses and take profits. You can customize which EAs and/or which currencies to monitor. It is primarily meant for EAs that you feel manage stop losses and/or take profits poorly. If you want this tool to be able to monitor manual trades, please use '0' (zero) as the magic number. Supports hidden stoploss and take profit Supports ATR-calculated dynamic stoploss Supports Breakeven for individual trades Supports Trailing stop Lower r
30 USD
Retro Trader
Ugur Oezcan
3.9 (10)
This expert trades on price action. It does not use signals from indicators but creates a statistics-based custom channel for entry and exit of trades. Due to independence of indicators, the expert can be optimized for several currency pairs and trading times. Each trade position is protected by stop-loss, both hidden and visible. No martingale, hedging or grid. The expert uses 3 different strategies within the same channel for entry and exit. Each opens only 1 trade at a time. Please find a sig
149 USD
This indicator shows the trend based on two configurable moving averages. A custom calculation shows market volatility in the lower frame. Higher bars mean higher volatility. The chart also shows suggestions for buy, sell or close with the help of arrows. It is possible to set minimum volatility for entry points and to set time filtered alerts. This indicator is useful to judge trends or market volatility, for example to catch good periods for scalping. Parameters Volatility Period - volatilit
30 USD
This EA trades mainly in the London and New York Sessions of the market. Forex Agent A is a day scalper with a bigger stop loss and a smaller take profit. Trades are opened at the first tick of the bar. In case of extended drawdown, take profits are adjusted to exit the market sooner and if at all possibly profitable. The built-in news filter prevents the opening of new trades when important news is upcoming. Entry points are determined exclusively by various indicators. Trade exits determined e
99 USD
NightXploiter
Ugur Oezcan
5 (1)
Expert opens trades by level and uses no indicator. It can be used with multiple currency pairs with correct settings. Depending on the currency pair, trading sessions are mostly short before the newyork close to the middle of Japan session. Due to independence of indicators, the expert can be optimized for several currency pairs and trading times. In case of extended drawdown, take profits are adjusted to exit the market sooner and if at all possibly profitable. The built-in news filter prevent
199 USD
Email to Metatrader4. Do not miss any trading signal or to be late to enter or exit from email anymore.  Our tool give user ability to parse all kind of email signals. You can use tool with any email forex Signal. We include also valuable functions for trader, which you can use independently form channel signals Attach at one chart for trading all symbols from channel extensive detailed reports. also for export in html or csv files 3 money management systems. No trades without SL / TP. Use you
45 USD
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Aravind Kolanupaka
8330
Aravind Kolanupaka 2022.03.29 17:51 
 

Good work. Much superior to all of the double top and double bottom indicators available in the market.

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Version 1.10 2019.04.03
- continuation signal is added
- User Parameter "Enable reversal signal" is added
- User Parameter "Enable continuation signal" is added