Double Tops & Bottoms Indicator - page 2
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One of the most common chart patterns in trading is the double bottom and double top. In fact this pattern appears so frequently that it alone could serve as evidence that price action is not as wildly random as many academics claim. One way to think of price charts is simply that they express the sum of trader sentiment, and double tops and double bottoms in particular represent a re-testing of temporary highs and lows.Double tops are commonly found during an uptrend in prices where a new high is formed followed by a slight pullback and a retest of the new high, but ultimately failing to surpass the price level established at the first peak.
how to install this indicator?
Don't know if you are interested in the indicator, I recently stumbled one that costs 49$. It is named DOUBLE TOP AND BOTTOMS INDICATOR. You can Google it.
One might also have a hard time understanding this chart pattern... You can check this article at: Forex Technical Analysis: Double Tops and Double Bottoms, for clearer understanding.