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KT Triple Top Bottom MT4

1
KT Triple Top-Bottom identifies the triple top/bottom pattern with a breakout signal in the opposite direction. It is used to identify potential trend reversals.

A Triple Top pattern is formed when the price reaches a high point three times, while a Triple Bottom pattern occurs when the price comes to a low point three times.


Features

  • The indicator detects the triple top/bottom pattern with high precision and accuracy.
  • The indicator suggests a shift in momentum, with sellers or buyers taking control.
  • Indicates that the price has reached a resistance or support level multiple times and failed to break through it.
  • It provides a clear visual representation of potential trend reversals.
  • It may give traders an early indication of potential market movements, allowing for profitable trades.
  • It comes with all kind of Metatrader alerts.

The Triple Top Pattern

When a Triple Top pattern is formed, the price has reached a high point three times and failed to break through, suggesting significant resistance at that level.

This is a positive sign for traders looking to buy, as it clearly indicates where the market may be headed. By identifying the Triple Top pattern, traders can use it to set buy orders at a lower price point, expecting the price to bounce back up after hitting the support level.


The Triple Bottom Pattern

When a Triple Bottom pattern is formed, the price has reached a low point three times and failed to break through, suggesting significant support at that level.

This is a positive sign for traders looking to sell, indicating where the market may be headed. In addition, by identifying the Triple Bottom pattern, traders can use it to set sell orders at a higher price point, expecting the price to bounce back down after hitting the resistance level.
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4.9 (484)
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lauro1956
5452
lauro1956 2024.01.10 15:41 
 

Good at strategy tester.

Sir, it is impossible to work live with your indicator, because MT4 freezes if you have more than 5000 bars in your history... which is ridiculous.

But it seems that you are not willing to admit it, add a past bars stop to the indicator or on Monday I will be forced to make a complaint in Marquet Mql5.

It's a shame, since all your indicators are of great quality, I don't understand your attitude.

Sincerely

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