• MT4 Collections
    • Top Indicators Hot
      • Top Rated
      • Top Downloads
      • Most Popular
      • New
      • Recommended
    • Trading Style
      • Beginner For Newbies
      • Scalping
      • Short-Term
      • Day Trading
      • Intraday
      • Swing
    • Indicator Type
      • Accurate
      • Leading
      • Reversal
      • Breakout
      • Sideways
      • Entry & Exit
      • Overbought & Oversold
      • Non-Repaint
    • Categories
      • Trend
      • Signal
      • Support & Resistance
      • Price Action
      • Stochastic
      • Envelope
      • Volume
      • Helpers
    • Timeframes
      • M1-M5
      • M15-M30
      • H1-H4
      • D1-W1
      • Multi Timeframe
    • Platform
      • MT4 Popular
      • MT5
  • Indicators
  • Blog
  • CONTACT US
  • ABOUT US
Menu
Search
Select category
  • Select category
  • Envelope Indicators
  • Helpers
  • Price Action
  • Signal
  • Stochastic
  • Support & Resistance
  • Trend
  • Volume
0 Wishlist
Home Collection Signal Double Top Bottom Patterns
Pivot Points All-In-One
Back to products
Support Resistance Breakout Arrows
MT4
Watch video
Click to enlarge

Double Top Bottom Patterns

The Double Top Bottom Patterns indicator for MT4 is the best Forex indicator that identifies double tops/bottom patterns. It helps spot the patterns easily and confirms the price breakout after the pattern, providing BUY and SELL arrow trading signals.

Trading Style

Beginner

,

Intraday

Indicator Type

Entry Exit

,

Reversal

Timeframe

D1-W1

,

H1-H4

Platform

MT4

Add to wishlist
0 People watching this product now!
Categories: Price Action, Signal
Share:

Downloads - 1153

Download now
  • Description
  • Reviews (0)
  • How to Install
Description

Chart patterns are widely used in the financial markets to analyze the trend direction of an asset. One of the chart patterns is the double tops and bottoms used in identifying potential trend reversal trading opportunities.

Therefore, the Double Top Bottom Patterns Indicator is a MetaTrader 4 (MT4) technical analysis tool developed to identify potential double tops and bottom patterns in the Forex market. It is chart-friendly and can be used to identify scalping, day/intraday, and swing trading opportunities.

Features of the Indicator

The algorithms of the Double Top Bottom Patterns indicator identify two peaks or troughs of approximately the same price level using a triangle-like shape pattern. It then paints an upward or downward arrow after the price breaks above/below the trough/peak, signaling a potential double top or bottom.

The indicator also notifies Forex traders via email and mobile when it identifies potential double tops/bottoms. Also, the indicator’s parameters are fully customizable.

Benefits of Trading with the Indicator

  • Visual Identification: The indicator aids in visual identification of the double tops/bottom patterns, making it easier to spot on the chart.
  • Alerts and Notification: Another benefit of using this indicator is it sends notifications to traders when a potential double top/bottom is identified, which helps traders stay informed without monitoring the chart.

Indicator Description Setting

The indicator comes with the following customizable settings:

Amplitude: Sets the minimum bars required to find the double top/bottom pattern.

Max History Bars: Determines the maximum number of bars for analysis.

Color of bullish pattern: Defines the color of a bullish pattern.

Color of bearish pattern: Defines the color of a bearish pattern.

Breakouts enabled: Enables/Disables the detection of breakout.

Color of bullish breakouts: Defines the color for bearish breakouts.

Color of bearish breakouts: Defines the color for bearish breakouts.

Arrows Size: Defines the size of the arrow.

Breakout period: Period to calculate the breakout.

Display Alerts: Enables/Disables the display of alerts.

Email Alerts: Enables/Disables alerts via email.

Push Alerts: Enables/Disables alerts via mobile.

Sound Alerts: Enables/Disables sound on alerts.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Double Top Bottom Patterns” Cancel reply

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

RSI Divergence

Signal
Enhance trading precision with the RSI Divergence indicator. Overcome signal challenges by leveraging divergence signals, which is vital for identifying potential market reversals. Customize settings, draw trendlines, and receive alerts for good trading decisions. Explore the power of the RSI Divergence indicator in assessing market conditions.
MT4
Quick view
Add to wishlist

MA Crossover Alerts

Signal
The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
MT4
Quick view
Add to wishlist

Entry Signal

Signal
Identify the three market conditions of bullish, bearish and neutral trend with Entry Signal Indicator. Changes candle color for easy identification of price trend. Identify best entry and exit. Free to download, easy to install.
MT4
Quick view
Add to wishlist

SSL Channel Chart Alert

Signal, Trend
Better your forex trading with the SSL Channel Chart Alert Indicator. Seamlessly combining Moving Averages, it offers clear buy and sell signals for trend traders. Benefit from non-repainting signals and easy-to-use settings.
MT4
Quick view
Add to wishlist

Swing Point Highs

Signal, Trend
The Swing Point Highs and Lows indicator is a new, popular and free MT4 technical analysis tool for forex traders. This indicator works by identifying swing points on a price chart and then drawing horizontal lines to indicate potential support and resistance levels. The swing point high and low indicator is a valuable tool for traders who want to identify key support and resistance levels and is suitable for both beginners and experienced traders.
MT4
Quick view
Add to wishlist

Schaff Trend Cycle

Signal, Stochastic
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
MT4
Quick view
Add to wishlist

PZ ABCD Retracement

Signal, Price Action
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
MT4
Quick view
Add to wishlist

Swing ZZ Zigzag

Signal, Trend
The Swing ZZ Zigzag indicator is an MT4 indicator that connects the peaks and troughs for potential trend reversal signals.
    Close
    Indicator Categories
    • Envelope Indicators 303
    • Helpers 405
    • Price Action 165
    • Signal 1110
    • Stochastic 1675
    • Support & Resistance 558
    • Trend 890
    • Volume 145
    • MT4 COLLECTION HOT
      • Top Rated
      • Top Downloads
      • Most Popular
      • New
      • Recommended
    • Trading Style
      • Beginner For Newbies
      • Scalping
      • Short-Term
      • Day Trading
      • Intraday
      • Swing
    • INDICATOR TYPE
      • Accurate
      • Leading
      • Reversal
      • Breakout
      • Sideways
      • Entry & Exit
      • Overbought & Oversold
      • Non-Repaint
    • CATEGORIES
      • Trend
      • Signal
      • Support & Resistance
      • Price Action
      • Stochastic
      • Envelope
      • Volume
      • Helpers
    • Timeframe
      • M1-M5
      • M15-M30
      • H1-H4
      • D1-W1
      • Multi Timeframe
    • Platform
      • MT4 Popular
      • MT5
    • USEFUL LINKs
      • Privacy Policy
      • Cookie Policy
      • Terms of Use
      • Disclaimer
      • About Us
      • Contact Us
    Logo-grayscale-transparent-720
    Unlock your trading potential with our powerful indicator library.

    Follow us:

    MT4COLLECTION.COM © 2024 All Rights Reserved.
    • Menu
    • Categories
    • Signal
    • MT4 Collections
    • Collection
    • Blog
    • About us
    • Contact us
    • Wishlist
    Sidebar
    We use cookies to improve your experience on our website. By browsing this website, you agree to our use of cookies.
    Accept