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Double top bottom scanner with RSI filter

39 USD

Demo downloaded: 868

Published: 29 March 2018

Current version: 2.9

Double top bottom scanner with RSI filter

Name: Double top bottom scanner with RSI filter
Price: 39.00 USD
Rating: 4.4 (10 reviews)
Author: Jan Flodin

4.4

Indicators
Jan Flodin
Version: 2.9
Updated: 8 December 2023
Activations: 10

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers.

This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers filters for RSI overbought/oversold, candle patterns (pin bar, engulfing, tweezer, morning/evening star, three line strike) and divergences (MACD, OsMA, Awesome (AO), RSI, CCI, Stochastic) which makes it possible to filter out only the strongest setups. The indicator can also be used in single chart mode. Please read more about this option in the product's blog. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

Features

Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
Can monitor every time frame, from M1 to MN, and sends you a real-time alert when when the second or third top/bottom is identified or at neckline breakout. All Metatrader native alert types are supported.
Can use RSI, a selection from different candle patterns and divergences to properly identify potential reversals.
Moving average trend filter
The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and time frame in question.
The indicator writes the signals to a text file or as global variables which can also be used by an Expert Advisor (EA) for auto trading.

Input parameters

The description and explanation of the input parameters can be found here.

Important

Please note that due to the multifunctionality neither buy and sell advice nor lines and arrows will be drawn on the chart where the indicator has been installed. A line between the extremums as well as the neckline will be drawn on the chart which can be opened from the panel.

It is highly advisable to put the indicator on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.

more...

164

MP_mpap 2024.02.26 15:30 #

It's not just a simple scanner for DB & DT. It has the ability to notify early, allowing for processing time. It becomes very powerful when you apply the provided filters. On this note, I would like some confirmed settings... The fact that the signals are recorded and remain in the MT4 window is a fantastic idea. The way the indicator operates is close to the trader and deviates from the mindset of simple programming. Kudos to the creator. Excellent work!!! The best in its category. I will also purchase the scanner for S&R. It saves me from tasks I've been doing for years on my charts.

152

Carlos Thomas 2023.12.28 10:45 #

Excellent tool to scan and filter for better condition setups.

727

Suzanne 2023.09.09 22:22 #

I have purchased numerous indicators and spent/wasted thousands of dollars. I wish I had found this indicator sooner and the support from Jan is phenomenal. I have never met a seller that is so helpful to me as a newbie and takes his time to explain everything in detail in order for you to also be a successful forex trader. I agree 100% with Randy Katz, I wish there were more people like Jan in the world. I feel extremely lucky to have found this indicator but even luckier to have found Jan. I cannot thank him enough.

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This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one or more bars in order to confirm the color (trend) change. Input parameters Candle shift for alert: Default is 1. Setting it to 0 will alert you on color change on the current candle. This should be regarded as a pending (uncon

FREE

This cost averaging Expert advisor (EA) places additional trades in the same direction as the original (manually opened) order when the price goes against you. It can be used as a grid system or as pure martingale system (exponential increasing of lot size) or smoothed martingale (for instance linear increasing of the lot size). Due to the risk involved, this EA is more suitable for intermediate to advanced traders who are well aware of how to handle risk management and trading an already profit

30 USD

This multi time frame and multi symbol indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher timeframes. But when it does, it is a very high-probability setup. The indicator also includes an Inside bars scanner. It can for example be used to detect a special type of Inside bars formation which is formed by a Master candle (MC) followed by 4 inside candles (please see the

30 USD

The indicator identifies when a divergence occurs between price and an indicator or oscillator. It identifies bullish and bearish hidden or regular (classical) divergences. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can detect divergences for the following indicators/oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO), ADX, ATR, OBV, MFI, Momentum and Composi

FREE

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. The indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular and hidden divergences. It has a RSI, Bollinger Bands and ATR filter options which makes it possible to filter out only the strongest setups. The indicator also offers options to wait for an Engulfing formation, Donchian channel breakout,

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulder, pennant/triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders). The indicator can also be used in single chart mode.

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has supply/demand zone, RSI, bollinger, stochastics, moving average (regular MA and Hull MA), ADX and volume filter options which makes it possible to filter out only

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers RSI, pin bar, engulfing, tweezer, morning/evening star filters as well divergence filter options which makes it possible to filter out only the strongest setups. The indicator can also be used

39 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor (EA) is designed to trade on a rapid price movement following a news event. The EA trades multiple symbols from one single chart which must be a EURUSD H1 chart. It it advisable to remove all symbols you don't trade from the Market Watch to reduce the overall data demand. The 'Auto settings' input parameter value True must only be used you have s

150 USD

59 USD

This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one bar in order to confirm the color (trend) change. Input parameters Wait for candle close: 'true' or 'false'. Setting it to 'true' will delay the alert to the opening of the bar following the bar where the color change occurred.

FREE

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert advisor's (EA) main strategy is to place trades when 3 moving averages (MA) are in consecutive alignment and at a certain distance from each other (it can be used for instance for a not very well known strategy used by some institutional traders, which involves the MAs 10, 20 and 30 on the D1 time frame). The EA works best on H1 and larger time frames. Th

79 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This indicator for Metatrader 4 identifies when a divergence occurs between price and an oscillator/indicator. It identifies both bullish and bearish divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups. The indicator also offers options to wait for an Engulfing formation, Donchian channel breakout or for p

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles. The indicator can also be used in single chart mode. Please read more about this option in the product's blog . Combined with your own rules and techniques, this indicator will allow

49 USD

This multi time frame and multi symbol indicator for MT5 alerts about Heiken Ashi Smoothed color changes. As a bonus it can also scan for Hull Moving Average color (trend) changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time fram

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies when the stochastics signal line crosses the stochastics main line. As an alternative it can also alert when stochastics is leaving (without signal line crossing main line) an overbought/oversold area. As a bonus it can also scan for Bollinger bands and RSI overbought/oversold crosses. Combined wi

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has moving average, RSI/Bollinger, ADX, pin bar and engulfing filter options which makes it possible to filter

39 USD

This multi time frame and multi symbol indicator identifies fractals patterns. As a bonus it can also scan for Parabolic SAR (pSAR) trend changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time frame, from M1 to MN, and sends you a

30 USD

This multi symbol indicator has been designed to automatically identify when price reaches major psychological levels. Also known as round numbers, whole numbers or key levels. As a bonus it can also scan for pivot point level on one selected time frame. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can write the signals to a file which can be used by an Expert Advisor for auto trading. Can monitor all symbol

30 USD

This multi time frame and multi symbol indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher time frames. But when it does, it is a very high-probability setup. The indicator also includes an Inside bars scanner. It can for example be used to detect a special type of Inside bars formation which is formed by a Master candle (MC) followed by 4 inside candles (please see the

30 USD

This indicator recognizes a special type of Inside Bar formation which is formed by a big Master candle followed by 4 smaller candles (please see the strategy explanation below). Features Plots buy/sell stop lines on the chart as well as well as take profit and stop loss levels. The TP/SL levels are based on the Average True Range (ATR) indicator. Object colors are changeable. Sends you a real-time alert when a Master candle formation is identified - sound / popup / email / push notification. On

10 USD

Filter:

164

MP_mpap 2024.02.26 15:30 #

152

Carlos Thomas 2023.12.28 10:45 #

Excellent tool to scan and filter for better condition setups.

727

Suzanne 2023.09.09 22:22 #

140

Bjørn Voss 2023.02.23 21:09 #

I own >15 paid indicators, most I would not have bought today. If I only was allowed to buy one indicator then this would be the one. Have customized settings to only give alert if a Higher top is formed. Then waiting for first signs of direction change. Only thing that would improve this product is. If it could send a screenshot of the chart directly to a named telegram user/group. Then I would pay 10 times the price.

1874

brightstar1 2021.12.04 14:14 #

A very good tool if you want to earn in the market. Only short coming is, if it had mobile alert, that would be perfect. Your screen time will be zero and you'll wait for alerts on mobile only. It has email alerts instead. But I don't use that feature.

124005

Reply from developer Jan Flodin 2021.12.04 14:19 #

Thanks for the review :-)
I would just like to point out that mobile alert (push alert) is supported since I first published this indicator back in 2018.

32494

Suvashish Halder 2021.10.10 21:10 #

I become a big fan of Jan Products. A++ Rated Work. Thank you, Jan 🥰

222

sudiang 2021.09.25 10:22 #

very helpfull indicator and supportive developer

skyree904 2021.01.31 06:05 #

will not run on my mt4 :(

124005

Reply from developer Jan Flodin 2021.01.31 06:30 #

I am sorry to hear that the indicator won't run. I am also sorry that you never gave me an opportunity to ask for more (in depth) info and let me help you to actively solve the issue. There could be a hundreds reason why an indicator won't run in Metatrader. Must not always be connected with the indicator itself. For instance I would have asked for the settings you are currently using and for any related error messages in the Experts or Journal tabs. In most of the cases issues are to be found within the settings which were changed by the trader.

1427

Randy Katz 2018.10.27 03:54 #

This is a great tool for detecting the dt/db condition. The author goes way out of his way to support it and provide updates when necessary. I wish there were more people like him in the world!

8902

sunnychow 2018.04.08 11:08 #

This is a good tool, it has the shift candle to more confirm the pattern.

Version 2.9 2023.12.08

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- added the option to set Strice mode for scanning double tops/bottoms (not supported in triple scanning mode). If enabled then ZigZag logic will be used.
- new additional input for symbols.

Version 2.8 2023.11.23

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- bug fix in the MA trend filter

Version 2.7 2023.11.23

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- bug fix in the arrow drawing. The arrow was drawn one candle to early when value in the 'Wait for candle close for alert (neckline only)' input was set to False
- added a moving average (MA) trend filter

Version 2.6 2023.04.19

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- added OsMA, Stochastic and CCI to the list of divergences
- added Three line strike to the list of candle patterns
- added an option to write the signals as global variables instead of to a file (to be used by an EA)

Version 2.5 2021.12.28

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- bug fix in the divergence filter. This is not a mandatory update if you are not using the divergence filter.

Version 2.4 2021.12.15

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- add a possibility to select color for lines and other objects
- added drawing of a breakout arrow when in neckline breakout mode (confirmed top/bottom)
- added the possibilty set set the maximum amount of bars to wait for a neckline breakout

Version 2.3 2021.12.09

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added the possibility to use the indicator in single chart mode (checking only one symbol and time frame). It will then draw the top/bottom on the chart where the indicator is running. This option is in some ways limited though. More information in the product's blog.
- added engulfing, tweezer and morning/evening star candle patterns filters as additional options to the existing pin bar filter.

Version 2.2 2021.11.26

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- corrected a bug in the divergence detection algorithm

Version 2.1 2021.10.08

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added Awesome (AO) to the list of selectable divergences
- added the possibility to use the ATR indicator instead of points for calculating the offset
- added the possibility to add a custom text to the pop-up, push and mail alerts
- added the possibility to set a custom panel title

Version 2.0 2019.11.26

- added support for this Expert Advisor: https://www.mql5.com/en/market/product/43512
- added an option to set how many candles must be lower/higher prior to the first extremum candle (first top/bottom)
- added an option to decide the position of the neckline candle in order to get it more to the middle (between the 2 extremum candles). Using this option will make it a more clear U/V formation for those who desires that for their trading strategy

Version 1.9 2019.08.28

- corrected an error with incorrect drawing of lines in the strategy tester

Version 1.8 2019.02.17

- corrected an issue with the text file containing the signals
- added an option to clear signals in the text file in case of parameter change
- added an option to use symbols from the Market Watch window instead of the symbols written in the Symbols parameter

Version 1.7 2019.01.09

- a line between the 2 extremums as weel as the neckline will now automatically be drawn on the chart which opens up when a signal is clicked on in the panel

Version 1.5 2018.10.24

- added possibility to be alerted at trendline break-out instead
- added possibility to select if to use the RSI filter on first, last or both peaks

Version 1.4 2018.09.24

- bug fixes

Version 1.3 2018.09.21

- added possibility so select another (higher) time frame for divergence detection
- added possibility to use RSI divergence instead of MACD
- added possibility to select the divergence depth
- added neckline info to the alerts
- added option to search also for hidden divergences