• Overview
  • Reviews (4)
  • Comments (2)
  • What's new

Double Top and Double Bottom

5

This indicator finds

Double Top and Double bottom

Example : What is Double Top

When price establishes a new high and then falls, then reverse to the same candle area of High then its considered a valid double top and vice versa for double bottom.

1. It plots and high and low on visible chart if ChartChange is set to true else it searches on new bar opening

2. If there is double top and double bottom found in visible chart window then it plots a line

3. It has options to customize text color, text font, text size, line width, line style and line color

4. Customize the logic of Double top and bottom

logic 1 : How much price should extend? For e.g. in top bar 1 = range of 1xbar size, if you add 2 then its 2x bar size, vice versa for bottom bar

logic 2 : How much percent of price should come back to top or bottom bar to validate a double top

5. Added alert, Terminal, Mail, Push Notification when Double top or bottom is found on new bar opening. 


Reviews 4
NoksMkhonza
56
NoksMkhonza 2024.04.04 08:39 
 

This is an added benefit to my trading algorithm. Thank you very much so this great indicator.

gnanos123
797
gnanos123 2024.02.12 17:33 
 

Good indicator, but the platform freezes sometimes.

Addy
66
Addy 2024.01.28 10:24 
 

Works perfectly

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Kraken Crypto Exchange Futures History Update Panel Features : 1.  It will create symbol based on setting and update history fully which is available from Kraken API for the symbol. This panel updates history on Kraken Futures symbols with Open High Low Close data, It also Prints message when History Update is complete. Please note this is not LIVE Data.   3.  You need to add Kraken API URL as mentioned at Tools > Options > Allow Webrequest from URL tab and also tick Allow Webrequest checkbox
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Market structures are the one which when breakout in higher timeframe may help clears a trend to a trader. 1. This indicator will draw ZigZag to only last 2 structures (previous high and low of ZigZag ) and a new bar of ZigZag will be only formed when break of structure happens 2. It gives Terminal and Push notificationon break of structure 3. Increase and Decrease Extdepth of ZigZag from "[" and "]" keys to adjust swing 4. Change colors of Line AB BC and CD 5. Add to many charts and get alerts
CB1 Swing Breakout Change of Character Scanner
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Fibo Musang FMBCR CB1 breakout multi symbol scanner for MT5 scans all symbols selected in marketwatch for dominan break Fibo Musang CB1 or Candle Break 1 is a strategy that works very well on Gold XAUUSD and other forex symbols. This scanner will help you scan mulltisymbol currencies very fast and get alerts on FMCBR CB1 breakout Please see video for more details as its completely customizable as per trader's preference: 1. You can select timeframe and History of Bars 2. You can modify your
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Multi Symbol Double Click anywhere on chart to set price alert and get notified from Terminal Alert or Push Notification 1. Add the EA Utility on chart 2. Browse chart by <- left or -> right arrow keys 3. Double click anywhere on chart and it will add a line, drag this line to set your desired price and voila, alert is set! When price will reach to the line it will notify you with either terminal or push notification as per utility's settings.  This alert will keep working even if you restart te
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Control Candle is the candlestick which holds multiple inside bars and are in control until its high low range is broken by close of any candlestick. When control candle is broken, price may act on these control candle as support and resistance. This indicator create rectangles on chart which will help you find control candles fast. Control candle indicator box is customizable by color, style, width and other options in indicator settings.
Cobra Levels
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Introducing Cobra Levels Watch the Tutorial video of backtest and accuracy : here This strategy is based on the concept that prices will revert to their mean or average value over time. Identify the mean price : Calculate the levels e.g. U4 U5 or D4 D5 Wait for the price to move away from the mean (Middle Line) before taking action. Buy and sell signals : Buy : When the price falls below the lower threshold. Sell : When the price rises above the upper threshold. These are 6 sets of lev
Fibonacci Font Label
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This indicator allows you to show fibonacci levels labels with big font size . It supports up to 25 fibonacci levels - As soon as you draw fibonacci it shows the levels you added as input parameter with big font size with the color and font you choose. Customizable options : 1. Fibo Text Font 2. Fibo Text Size 3. Fibo Text Color 3. Add description to each level 4. Other options such as Anchors and Degrees
Cobra Pivots with Alerts
Rajesh Kumar Nait
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Cobra Pivot Points is an indicator for plotting best optimized pivot points support and resistance levels which you can backtest yourself by downloading the DEMO. 1. Select 7 type of Pivot Mode : Cobra, Camarilla 1, Camarilla 2, Floor, Woodie, Demark and Fibonacci pivots 2. You can use any time frame to find pivot points support and resistance 3. You can play with Previous day High Low Close value with Shift parameter. 1 = Previous Bar, 2 = Bar before Previous bar and so on.. These parameter w
Previous Candle High Low Scanner MultiSymbol
Rajesh Kumar Nait
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Multi Currency Previous Candle or Previous Bar Scanner helps you scan multi symbol charts with any custom timeframe which you select from indicator settings. Based on product : https://www.mql5.com/en/market/product/78657 It can be used to scan multi symbols for Previous Day high low, Previous week high low, Previous month High low or any custom timeframe e.g. Previous 4 hour chart high low It filters noise and gives directional alerts when price touches High or low line  The strategy is simp
Pivot Points Multi Symbol Scanner
Rajesh Kumar Nait
Utilities
Pivot Points Multi Symbol Scanner scans all symbols available in marketwatch for Floor, Woodie, Camarilla, Demark or Fibonacci Pivot Points. You can select any timeframe to calculate pivot points and get alerts when price touch these levels of support and resistance. For visual Pivot Points You may be interested in this product : https://www.mql5.com/en/market/product/110072 It has options for choosing various alerts type You can choose and set frequency to scan in milliseconds 1000 me
Easy Fibonacci
Rajesh Kumar Nait
Indicators
Easy Fibonacci is an indicator for MT5 which allows you to plot fibonacci retracement easily Features 1. up to 10 fibo levels can be set from indicator settings 2. Each level may have different line style, line color, line width and other settings customizable 3. You can use Mouse with Extra buttons to map V and B keys and conveniently plot fibonacci Button Actiions : B and V : Plot Top / Bottom fibonacci on visible area of chart N and M : Next and Previous Candles swing extensions R : Reset
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Gloria Sarpong
780
Gloria Sarpong 2024.04.08 15:19 
 

User didn't leave any comment to the rating

NoksMkhonza
56
NoksMkhonza 2024.04.04 08:39 
 

This is an added benefit to my trading algorithm. Thank you very much so this great indicator.

gnanos123
797
gnanos123 2024.02.12 17:33 
 

Good indicator, but the platform freezes sometimes.

Addy
66
Addy 2024.01.28 10:24 
 

Works perfectly

Reply to review
Version 1.2 2024.01.27
Added :
1. New customization logic : How much price should extend? For e.g. in top bar 1 = range of 1xbar size, if you add 2 then its 2x bar size, vice versa for bottom bar
2. Added alert, Terminal, Mail, Push Notification when Double top or bottom is found on new bar opening.
3. Added two mode selection option
- ChartChange = it searches double top bottom only when chart changes (alert does not work)
- OnNewBar = It searches double top bottom on visible area of chart window when a new bar opens and alert.
Version 1.1 2024.01.24
added more customization options in input