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Double Top Scanner Multi Pair And Multi Time Frame

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The indicator was developed by a former hedge fund employee, and it automatically detects the high-probability “double top” and “double bottom” patterns. It can also be used to define the “triple top” and “triple bottom” models. It also includes an RSI-based trend filter to find formations that occur at the tops (or bottoms) of a trend.

This is a great tool for finding the strongest levels in the market. Any level that is held 2 or 3 times is obviously a level under the protection of large institutions. Thus, there is a high probability that a reversal will occur in these areas. And this probability is even higher in the case of a triple top (or triple bottom).

  • For more information, see the screenshots, and if you have any questions, please contact us. We are always happy to help. =)
  • Please note that the version of this indicator for MetaTrader 4 has been available for more than a year, reviews/comments can be found here: https://www.mql5.com/ru/market/product/14186
  • Also, be sure to watch our short videos. It includes the top 10 hedge fund trading rules that every trader should know.

  • Simultaneously tracks all 28 pairs. Attach the indicator to just one chart and immediately track the entire market.
  • It monitors every timeframe from M1 to MN, and also sends you a real-time alert when formations are found.

[spoiler title=”Read More…”]

  • Type Of Bottom: The type of formations to search for. Doubles = Double Top and Bottom, Triples = Triple Top and Bottom
  • RSI Period: Parameter for the RSI filter
  • Upper Level: The overbought level for the RSI filter. The first top and bottom must be formed above this level to be valid.
  • Lower Level: The oversold level for the RSI filter. The first top and bottom must be formed below this level in order to be valid.
  • Bars Between: Minimum number of bars between each top / bottom
  • Pips Distance: The number of pips in each vertex / bottom.
  • Symbols: By default, the indicator tracks the top 28 pairs, but you can specify a smaller number of pairs if you want.
  • Alert M1: Alert on M1, True = Yes, False = No
  • Alert M5: Alert on M5, True = Yes, False = No
  • Alert M15: Alert on M15, True = Yes, False = No
  • Alert M30: Alert on M30, True = Yes, False = No
  • Alert H1: Alert on H1, True = Yes, False = No
  • Alert H4: Alert on H4, True = Yes, False = No
  • Alert D1: Alert on D1, True = Yes, False = No
  • Alert W1: Alert on W1, True = Yes, False = No
  • Alert MN10: Alert on MN1, True = Yes, False = No

[/spoiler]

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