DOUBLE TOP / BOTTOM INDICATOR
DOUBLE TOP / BOTTOM INDICATOR
Double tops and bottoms are classic reversal patterns that often mark the end of major trends—but spotting and timing them can be tricky. This indicator automates the process by identifying valid formations, filtering them with Fibonacci retracement criteria, and confirming signals with a Donchian breakout. The result: clear, actionable entry points with strong statistical backing and minimal noise, helping traders capitalize on key market turning points.
- Detects reliable double top and double bottom reversal patterns
- Filters patterns using customizable Fibonacci retracement levels
- Waits for a breakout to confirm the pattern before signaling the trade
- Displays entry points along with SL and TP levels for every setup
- Offers clear, visual signals with arrows and optional breakout lines
- Implements sound, email, push, and on-screen alerts
- Includes a performance stats panel to evaluate past signals
- Customizable drawing options for lines, colors, font sizes, and labels
- Works across all timeframes and asset classes
- Supports multiple instances with different pattern sizes
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