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Two bar Top and Bot

Indicator that shows two bars cluster bots and tops. It will show you the forming top/bot based on the close prices.

Rules that have to be met for Bot:

  • Two bear bars, where second bar closes below the low of the first bar.
  • Two bull bars after the bears. The second bull bar has to close above the high of the first bull bar.
  • To have bot, potential top should be forming.

Rules for Top:

  • Two bull bars, where second bar closes above the high of the first bar.
  • Two bear bars after the bulls. The second bear bar has to close below the low of the first bull bar.
  • To have top, potential bot should be forming.

The indicator accepts three arguments:

  • Start bar - from which bar to start calculating
  • Size of the dot on the chart (in font size)
  • Distance from the top/bot

Note: the indicator works on the time frame you are currently on


This indicator is very simple, does not distract you and will help you define better the trends and the channels.


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CME CallPut Option Ratio MT4
Vasiliy Sokolov
Call/Put Ratio is one of the most well-known indicators of the market sentiment. The indicator has been developed by Martin Zweig. It is based on real volumes of the CBOE option market. As we know, a Call option gives its owner the right to buy the underlying asset at a predetermined price. A Put option gives the right to sell it. Thus, increasing volumes for Call options indicate the increasing demand. The growth of Put option volumes shows that supply starts exceeding demand. If we divide the
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Versão 1.6 2020.10.20
Changed the distance input parameter to be in points, so it is more compatible to different charts.
Fixed bug that when remove indicator it removed all objects on the chart. Now it removes only the dots