Chart patterns are widely used in the financial markets to analyze the trend direction of an asset. One of the chart patterns is the double tops and bottoms used in identifying potential trend reversal trading opportunities. Show
Therefore, the Double Top Bottom Patterns Indicator is a MetaTrader 4 (MT4) technical analysis tool developed to identify potential double tops and bottom patterns in the Forex market. It is chart-friendly and can be used to identify scalping, day/intraday, and swing trading opportunities. Features of the IndicatorThe algorithms of the Double Top Bottom Patterns indicator identify two peaks or troughs of approximately the same price level using a triangle-like shape pattern. It then paints an upward or downward arrow after the price breaks above/below the trough/peak, signaling a potential double top or bottom. The indicator also notifies Forex traders via email and mobile when it identifies potential double tops/bottoms. Also, the indicator’s parameters are fully customizable. Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here. The Following 19 Users Say Thank You to ghaffar500 For This Useful Post:Abniali05 (2017-12-12), Aliakbar2016 (2017-12-26), billyboy00007 (2017-12-28), chak148 (2017-12-25), danish555 (2017-12-15), FOREXMAN (2017-12-22), FX-Mike (2017-12-08), India148 (2017-12-15), irshad321 (2017-12-22), jellybelly2017 (2017-12-15), KASINA (2017-12-21), MARandhawa (2017-12-22), mian5575405 (2017-12-20), munibkhan (2017-12-25), Nirzana (2017-12-23), sarfraz786 (2017-12-24), sufiyan22 (2017-12-24), yulbang111 (2017-12-19), zahid2016 (2017-12-25)
With confluence setups I mean that a signal of a lower timeframe occurs while a signal of the higher timeframe is developing. The signal of the higher timeframe is not yet confirmed but both setups multiple the edge of the lower timeframe signal. Here is an example. Today's double bottom on EURCAD M15:  The signal on M15 occurred some minutes before the signal on H1 occurred. Only two-thirds of the condition of the H1 signal were fulfilled. But both setups together add to the edge of the M15 signal. Here the H1 signal: Cut Boy, if you have questions, please ask me here in the thread or write me an email to [email protected] Last edited by FX-Mike; 2017-12-07 at 09:54 PM. -
Find double-top and double-bottom chart patterns easily with this fantastic and free indicator. Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds Boost your trading activity with the most flexible double-top / double bottom patterns indicator ever created for the Metatrader platform. Cut Boy, go to my website, download the indi, check it and do forward tests in the strategy tester of MT4 on any trading instrument. Then if you find one single signal that i post here in this thread which you don't see on historic charts in your MT4 or which doesn't develop in real-time during forward testing, only then I will tolerate your blatant posting here in the thread. I'm a reputable service provider which advertises this indicator also on forexfactory. 300 people are using this indicator. No one of these 300 people posted any negative review in the thread. They know that the indicator is outstanding good! Last edited by FX-Mike; 2017-12-07 at 10:00 PM. - 2017-12-07 10:22 AMFind double-top and double-bottom chart patterns easily with this fantastic and free indicator. Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds Boost your trading activity with the most flexible double-top / double bottom patterns indicator ever created for the Metatrader platform. Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here. 2017-12-07 01:54 AM Today was a really big double bottom winning trade on USDCAD on M5:
The bigger picture on M30 shows why the double top could get so big: The following video shows that this indicator gives the signals in real-time: Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here. -
The Following User Says Thank You to FX-Mike For This Useful Post:
|
