Double Top Pattern Identifier

5 mar 2019

I believe the most of users know the Double Top Pattern, so I omit the introduction.

The algorithm uses 10 internal watchers to identify the incomplete M-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 possible tops.

By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.

Additionally, you can shift up/down the signal labels to the preferred distance.

NOTE: the orange straight lines are not included.

4 giu 2020

Note di rilascio

• Update
  

9 apr 2021

Note di rilascio

• Added statistics
  
• Neckline, Take Profit and Stop Loss reforged
  
• DT and Short labels now have tooltips
  
• New options for Take Profit: Points, Pips
  
• New options for Stop Loss: Last Top, Points, Pips
  
• Alerts reforged
  

10 apr 2021

Note di rilascio

• Fixed a minor issue with patterns overlapping
  

18 apr 2021

Note di rilascio

• Fixed bug with TP/SL levels plotting
  

16 giu 2024

Note di rilascio

• Pine Script V5
  
• Deep update of internal logic
  
• Updated Settings UI
  
• Updated Statistics table
  
• Now you can use "Any alert() function call" option for alerts
  
• Ability to customize alert messages
  

12 gen

Note di rilascio

• Pine Script V6