Double Top Scanner For Multi Pair And MTF
The indicator was developed by the former employee of the hedge fund, and it automatically detects the pattern "double top" and "double bottom". It can also be used for pattern recognition "triple top" and "Triple Bottom". He will in particular seek formation occurring at the top (or bottom) tredna.
Remember: "Double top" (or "double bottom") in end of the trend - it is a strong sign that the price is hard to move on. Thus, there is a high probability that the reversal. And the chances are even higher in the case of a "triple top" or "triple bottom".
- Simultaneously monitors all 28 pairs. Attach the light to just one plan and immediately track the entire market.
- It keeps track of all timeframes from M1 to the MN, as well as send you a notification in real time when the formations.
- Type Of Bottom: Choose the formation you want to find. Doubles = Patterns "double top" and "double bottom", Triples = pattern "triple top" and "Triple Bottom"
- RSI Period: Option to RSI filter
- Upper Level: Level perekuplennosti for RSI filter. The first peak / bottom must be formed above this level to be valid.
- Lower Level: Level pereprodannosti for RSI filter. The first peak / bottom must be formed below this level to be valid.
- Bars Between: The minimum number of bars between the top / bottom.
- Pips Distance: The number of pips in each top / bottom.
- Symbols: By default, the indicator tracks the top 28 pairs, but you can specify a smaller number of pairs if desired.
- Alert to M1 (Alert on M1): True = Yes, False = No
- Alert to M5 (Alert on M5): True = Yes, False = No
- Alert on M15 (Alert on M15): True = Yes, False = No
- Alert on M30 (Alert on M30): True = Yes, False = No
- Alert on H1 (Alert on H1): True = Yes, False = No
- Alert to H4 (Alert on H4): True = Yes, False = No
- Alert to D1 (Alert on D1): True = Yes, False = No
- Alert at W1 (Alert on W1): True = Yes, False = No
- Alert on MN1 (Alert on MN1): True = Yes, False = No
For more information, I recommend to familiarize with screenshots below. Please contact us if you have any questions.
Be sure to check out the rest of our indicators and our short video. In these videos contain a lot more information (including our guidance for trade).
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- RSI Color
- CCI ma Multi anyPair