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Ultimate Double Top Bottom Reversal Indicator

4.47

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
Comentários 20
Matrix2020
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.

Maxwell Onyolu
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!

Lev Vladimirovic Marushkin
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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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link: TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data and therefore the moment in which prices have strong probability of f
ACTUALMENTE 31% DE DESCONTO!! A melhor solução para qualquer novato ou comerciante especializado! Este indicador é uma ferramenta comercial única, de alta qualidade e acessível, porque incorporámos uma série de características proprietárias e uma fórmula secreta. Com apenas UM gráfico, dá alertas para todos os 28 pares de moedas. Imagine como a sua negociação irá melhorar porque é capaz de identificar o ponto exacto de desencadeamento de uma nova tendência ou oportunidade de escalada! Con
Price Action Entry Alerts
Stephen Sanjeeve Sahayam
5 (3)
Este indicador analisa cada barra de pressão de compra ou venda e identifica 4 tipos de padrões de velas com o maior volume. Essas velas são filtradas usando vários filtros lineares para mostrar sinais de compra ou venda. Os sinais funcionam melhor, em conjunto com a direção do período de tempo mais alto e quando negociados durante as horas de alto volume. Todos os filtros são personalizáveis ​​e funcionam de forma independente. Pode visualizar sinais de uma única direção com o clique de um bot
Entry Points Pro
Yury Orlov
4.7 (225)
Este é um indicador para MT4 que fornece sinais precisos para entrar em uma negociação sem redesenhar. Ele pode ser aplicado a qualquer ativo financeiro: forex, criptomoedas, metais, ações, índices. Ele fornecerá estimativas bastante precisas e informará quando é melhor abrir e fechar um negócio. Assista o vídeo (6:22) com um exemplo de processamento de apenas um sinal que compensou o indicador! A maioria dos traders melhora seus resultados de negociação durante a primeira semana de negociação c
ALERTA DE COMPRA E VENDA MULTICURRENCY e MULTITIMEFRAME. PARADA DE TRAILING AUTOMÁTICO E RECOMPENSA DE RISCO TAKEPROFIT! O INDICADOR VARREDURA E ANALIZA O MERCADO PARA VOCÊ NÃO TER NADA PARA FAZER! NEGOCIE TODAS AS SUAS MOEDAS EM 1 TABELA!   Após a compra deixe um comentário entre em contato comigo e eu lhe enviarei o assistente comercial EA. O indicador usa vários osciladores e filtros anexados para encontrar os melhores pontos de entrada CONFIRMADOS, então você não precisa se preocupar
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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GOLD Impulse with Alert
Bernhard Schweigert
4.56 (9)
Este indicador é uma super combinação dos nossos 2 produtos Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . Funciona para todos os períodos de tempo e mostra graficamente impulso de força ou fraqueza para as 8 principais moedas mais um Símbolo! Este Indicador é especializado para mostrar a aceleração da força da moeda para quaisquer símbolos como Ouro, Pares Exóticos, Commodities, Índices ou Futuros. É o primeiro do seu género, qualquer símbolo pode ser adicionado à
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O Indicador de Venda PTS Divergence Finder por Roger Medcalf - Precision Trading Systems. Este indicador fornece apenas Indicações de Venda - Baixa. Em primeiro lugar, muitas vezes me perguntaram por que não forneci um indicador de divergência de venda enquanto felizmente fornecia um localizador de divergência de sinal de compra por muitos anos. Eu dei a resposta de que as divergências de venda são menos confiáveis do que as divergências de compra, o que ainda é verdade. Algumas soluções foram e
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
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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
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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
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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.
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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
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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
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Edge Zone EA
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5 (2)
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
Filtro:
earlb1138
19
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
79
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
69
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
93
John Noone 2021.07.09 06:56 
 

O usuário não deixou nenhum comentário para sua avaliação

Kevfx
75
Kevfx 2021.06.22 13:32 
 

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

Matrix2020
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.

8601567
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.

Vincent Sherreef Evans Jr
221
Vincent Sherreef Evans Jr 2020.08.08 03:58 
 

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

Maxwell Onyolu
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!

Lev Vladimirovic Marushkin
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.

indash
94
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.

ekman
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
31
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.

Muhammet Simsek
925
Muhammet Simsek 2018.07.03 08:35 
 

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

bpaone24
40
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!

Richard Caughell
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.

Kayode Ebenezer Adeyemi
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..

Magdalena Kleyn
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!

Dimitri Nepomniachtchi
3691
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.

cybeh
104
cybeh 2017.12.06 08:20 
 

O usuário não deixou nenhum comentário para sua avaliação

Responder ao comentário
Versão 1.6 2018.04.24
Optimized calculation. Faster/less CPU usage.
Versão 1.4 2018.02.28
Better calculation. Less CPU usage.
Versão 1.3 2017.12.22
Better detection of good Double Tops/Bottoms
Versão 1.2 2017.11.27
Push notification bug fix