This indicator finds double-top and double-bottom reversal patterns and generates trading signals using breakouts.
[ The manual
installation instructions | The manual
by update | Elimination
Troubleshooting | FAQ
| All
products ]
- Clear trading signals
- Customizable colors and sizes
- Implements performance statistics
- Customizable Fibonacci Retracement Levels
- It displays the appropriate stop loss and take profit levels
- It implements email / audio / visual alerts
These patterns can expand, and the indicator follows the pattern by repainting. However, the indicator implements a rotation to
simplify trading: it waits for a Donchian breakout in the right direction before signaling a trade by making its signals
very reliable and mostly non-redrawable.
simplify trading: it waits for a Donchian breakout in the right direction before signaling a trade by making its signals
very reliable and mostly non-redrawable.
Input parameters
- Amplitude: The amplitude represents the minimum number of bars between alternative price points. To find the big ones
samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. - Minimum Retracement: The minimum Fibonacci retracement required in the pattern.
- Maximum. Retracement: The maximum possible fibonacci retracement in the pattern.
- Max History Bars: The number of past bars to evaluate when the indicator is loaded on the chart.
- Show statistics: Show or hide the statistics panel and performance data.
- Display SL / TP levels: Show or hide the appropriate stop loss and take profit levels for each signal.
- Drawing options: colors and sizes for bullish or bearish lines and labels, as well as font sizes.
- Breakouts: Colors and sizes of the breakout arrows.
- Alerts: Enable or disable all types of alerts.
author
Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
[spoiler title=”Read More…”]
This indicator finds double-top and double-bottom reversal patterns and generates trading signals using breakouts.
[ The manual
installation instructions | The manual
by update | Elimination
Troubleshooting | FAQ
| All
products ]
- Clear trading signals
- Customizable colors and sizes
- Implements performance statistics
- Customizable Fibonacci Retracement Levels
- It displays the appropriate stop loss and take profit levels
- It implements email / audio / visual alerts
These patterns can expand, and the indicator follows the pattern by repainting. However, the indicator implements a rotation to
simplify trading: it waits for a Donchian breakout in the right direction before signaling a trade by making its signals
very reliable and mostly non-redrawable.
simplify trading: it waits for a Donchian breakout in the right direction before signaling a trade by making its signals
very reliable and mostly non-redrawable.
Input parameters
- Amplitude: The amplitude represents the minimum number of bars between alternative price points. To find the big ones
samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. - Minimum Retracement: The minimum Fibonacci retracement required in the pattern.
- Maximum. Retracement: The maximum possible fibonacci retracement in the pattern.
- Max History Bars: The number of past bars to evaluate when the indicator is loaded on the chart.
- Show statistics: Show or hide the statistics panel and performance data.
- Display SL / TP levels: Show or hide the appropriate stop loss and take profit levels for each signal.
- Drawing options: colors and sizes for bullish or bearish lines and labels, as well as font sizes.
- Breakouts: Colors and sizes of the breakout arrows.
- Alerts: Enable or disable all types of alerts.
- Amplitude: The amplitude represents the minimum number of bars between alternative price points. To find the big ones
samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter. - Minimum Retracement: The minimum Fibonacci retracement required in the pattern.
- Maximum. Retracement: The maximum possible fibonacci retracement in the pattern.
- Max History Bars: The number of past bars to evaluate when the indicator is loaded on the chart.
- Show statistics: Show or hide the statistics panel and performance data.
- Display SL / TP levels: Show or hide the appropriate stop loss and take profit levels for each signal.
- Drawing options: colors and sizes for bullish or bearish lines and labels, as well as font sizes.
- Breakouts: Colors and sizes of the breakout arrows.
- Alerts: Enable or disable all types of alerts.
Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
[/spoiler]