Double Top Chart Pattern detector with alert

5 Apr 2017

Double top is a very common chart pattern, as its name indicates, it consists of two tops, and these two tops need to be in a relative flat price level. One of the top can't be much higher or lower than the other.

This indicator will detect and highlight double top pattern automatically on chart and alert you via SMS, email and sound.


Features:

Adjust the threshold between two tops.
Adjust the number of bars used to form each top.
Check if the first top is the highest in a given number of bars
Adjust the number of bars between two tops.
Switch of alert.


A detailed instruction will show you how to properly adjust each input.


It works on all timeframes and any symbol.


You can also load more than one with different inputs to get more results on chart.

17 Nov 2017

Nota Keluaran

Step input can be increased by 0.1

15 Okt 2018

Nota Keluaran

It uses a new algorithm now, it will get more results than before.

9 Okt 2021

Nota Keluaran

Update to V5 with max_bars_back=1000

30 Sep 2022

Nota Keluaran

fixed a bug

25 Jun 2023

Nota Keluaran

Upgrade to 3 sets of input, it will get more signals than before.

25 Jul 2023

Nota Keluaran

Update new feature, enable "use High Low" will use high and low wick to check the top, otherwise it will use open and close.
Also changed the min value of "Strength" to 2 instead of 3.