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Double Top and Bottom Pattern

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

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With the SR Dashboard, you get a powerful tool to control some of the most important information in trading. Assemble a setup according to your strategy and get informed as soon as this setup is valid. Assign scores to defined conditions and let the Dashboard find them. Choose from Trend, Average Daily Range, RSI, Moving Averages, Pivot (Daily, Weekly, Monthly), Highs and Lows, Candlestick Patterns. Note: This indicator cannot be used in the Strategy Tester. The demo version here from the marke
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Auto CCI
Auto CCI
Vladimir Mametov
Indicator automatically defines the most efficient period, during which the accuracy of the signals on a given chart is at its highest. Period efficiency and signal accuracy values are displayed in the panel of a price chart. Depending on a symbol and time period, the accuracy of the indicator signals can reach 90%. The indicator period is calculated using overbought/oversold levels set in the inputs. After the most efficient period is found for CCI, the indicator itself is constructed. Buy and
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ADX Power Screener MT4
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DARIO GALLIONE
ADX Power Screener MT4 is a very powerful utility. Thanks to the information provided by the ADX indicator , it returns a table with the levels detected on the major timeframes. Great for checking the quality of a trend and identifying excellent reversal signals  which can be accompanied by normal technical analysis to find the best entry point. The screener can be totally customized in colors and levels. It also uses 2 lists of 28 symbols each, fully customizable through the input panel.
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SFX Risk Reward Indicator
SFX Risk Reward Indicator
Somsri Sarkar
VIEW INDICATOR MANUAL Free Version to test on live market before buying. Free Version works only for EURUSD orders. Note: "Arial Bold" font should be installed in your operating system, specially on windows 10 server. Indicator Benefit Shows Risk, Reward & Trailed position monetary value along with risk-reward ratio for all active open orders & total position. Here locked profit represents trailed positions. Shows total number of order, current profit loss amount in group wise with symbol. Sh
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RFX Daily Range Forecast
RFX Daily Range Forecast
Rasoul Mojtahedzadeh
RFX Daily Range Forecast employs neural network as function estimator to forecast the range of each trading day. The indicator basically forecasts daily high and low with confidence levels of the forecast values to represent the uncertainty in the prediction. At the open of each D1 candle, the neural network outputs the high, low and uncertainty of these two values for the day. These levels can be used by day traders to implement different strategies based on the forecast levels. The indicator a
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Multi TimeFrame Currency Meter
Multi TimeFrame Currency Meter
Nesimeye Oswald
This Currency Meter Calculates Strength Using a currency basket of 28 pairs? This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it. This Currency Meter is Multi-timeframe!!! Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe ver
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Multi MA Band Signal
Multi MA Band Signal
Filip Maurice Daelman
Multi MA Band Signal Indicator is a no-nonsense, no delay, no repaint indicator ! Moving Average bands together with a RSI filter is a 'simple', but very powerful and reliable signal. Five "moving average bands" generate the signals. By default : MA25, 50, 100, 200 and 400. This can be changed in the parameters as well as the MA mode and the MA band deviation. The signal indicates the number of moving average bands that are crossed. The higher the value the stronger the signal. Two signal l
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SpreadInfo
SpreadInfo
Viacheslav Desenko
SpreadInfo displays the movement of synthetic instrument consisting of a few basic ones. The concept is very simple. A synthetic instrument is created. It can be described using a simple equation ( spread indicator parameter). The indicator plots a chart of the synthetic instrument and builds a regression channel based on it (see the screenshots). How to use Make sure that all symbols specified in the indicator equation are present in the Market Watch window. Make sure that quotes of all symbo
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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