This script identifies double top and double bottom chart patterns It has many settings. For example, you can choose by which extremums you want to identify patterns - by the edges of wicks (tails, shadows), or by the edges of candle bodies . The Sensitivity parameter will allow you to control the frequency of detected patterns , depending on whether you want...
This indicator is based on ta.pivothigh and ta.pivotlow function. And with the help of different ph and pl I am detecting double top and double bottom. Features 1. All signal are on realtime means no repaint 2. Able to detect precise double top & bottom Input Field Pivot Length : Default 10 => Use to detect pivot point
This is a double bottom indicator with an alert that has many settings to customize your double bottom . From Wikipedia "A double bottom is the end formation in a declining market. The pattern is formed by two price minima separated by local peak defining the neck line. The formation is completed and confirmed when the price rises above the neck line, indicating...
I think everybody knows the Double Bottom Pattern, so I omit the introduction. The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two...