Double Bottom Pattern Identifier

25 feb 2019

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 possible bottoms.

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

Additionally, you can shift down the signal labels to the preferred distance and set an alert for a new pattern found.

NOTE: the blue straight lines are not included.

25 feb 2019

Note di rilascio

• Cleaned the code
  

10 feb 2020

Note di rilascio

• Major update
  

4 giu 2020

Note di rilascio

• Update
  

4 giu 2020

Note di rilascio

• Update
  

5 giu 2020

Note di rilascio

• Update
  

9 apr 2021

Note di rilascio

• Added statistics
  
• Neckline, Take Profit and Stop Loss reforged
  
• DB and Long labels now have tooltips
  
• New options for Take Profit: Points, Pips
  
• New options for Stop Loss: Last Bottom, 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
  

16 giu 2024

Note di rilascio

• Updated preview
  

12 gen

Note di rilascio

• Pine Script V6
  

3 giu

Note di rilascio

• Minor bug fixes
  
• Minor refactoring