Mql5官网 Double Top and Bottom Pattern 外汇EA

What is Double Top and Bottom

Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter “W” (double bottom) or “M” (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns.

You can find MT5 version hier

Indicator shows you 2 Level target and stop loss level. Stoploss level and Take profit can be adjusted depending on your risk tolerance.

The following alert types are available:

– Popup alert,

– Email ( Settings in metatrader 4 stations necessary: instruction ),

– Notification to mql5 app ( Settings in mql5.com profile necessary: instruction  ),

– sound,

– Comment at screen,

– log at expert tab

INPUT PARAMETER

*** Pattern setup

Min Points – Min points between Highs and Lows

Trend Move Min Bars – Checking min bars

Trend Move MaxBars – checking max bars

Enable reversal signal – Enable reversal signal

Enable continuation signal – Enable continuation signal

Signal Valid Bars – Signal line(Orange Line) , signal appaers if price hit this line. you can define how many bars to obeserve price after pattern appears

*** Trade setup

Stoploss Offset Points – Offset of stoploss from High or Lows (Red line)

Entry Offset Points – Offset signal line in Points (Orange Line)

Target Level Percent – Perscent of first Trand line (Yellow line)

Safe Level Percent – Perscent of first Trand line (Blue line)

*** Visualisation

Panel Offset – Panel offset on chart

AlertType